Axis Capital Holdings Limited (AXS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Axis Capital Holdings Limited (NYSE:AXS) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $61.90.

Several brokerages have weighed in on AXS. UBS Group lowered their target price on Axis Capital from $57.00 to $55.00 and set a “sell” rating on the stock in a research note on Monday, October 2nd. MKM Partners lowered their target price on Axis Capital from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. ValuEngine upgraded Axis Capital from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Citigroup lowered their target price on Axis Capital from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Finally, Wells Fargo & Co set a $52.00 target price on Axis Capital and gave the company a “hold” rating in a research note on Wednesday.

Axis Capital (NYSE:AXS) opened at $48.44 on Friday. Axis Capital has a 12 month low of $47.99 and a 12 month high of $71.06. The firm has a market capitalization of $4,068.14, a P/E ratio of -15.83, a price-to-earnings-growth ratio of 1.26 and a beta of 0.58. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21.

Axis Capital (NYSE:AXS) last announced its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing the consensus estimate of ($5.34) by ($0.01). Axis Capital had a negative net margin of 4.55% and a negative return on equity of 2.59%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $972.10 million. During the same quarter last year, the business posted $1.78 earnings per share. equities research analysts predict that Axis Capital will post -2.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.39 dividend. The ex-dividend date was Thursday, December 28th. This is an increase from Axis Capital’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.22%. Axis Capital’s payout ratio is -50.98%.

In related news, EVP Conrad D. Brooks sold 7,500 shares of Axis Capital stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.31, for a total value of $392,325.00. Following the sale, the executive vice president now directly owns 6,027 shares in the company, valued at $315,272.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.89% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of AXS. NWQ Investment Management Company LLC raised its holdings in Axis Capital by 23.8% during the third quarter. NWQ Investment Management Company LLC now owns 1,234,639 shares of the insurance provider’s stock worth $70,757,000 after purchasing an additional 237,661 shares during the last quarter. Northern Trust Corp raised its holdings in Axis Capital by 1.3% during the second quarter. Northern Trust Corp now owns 1,143,841 shares of the insurance provider’s stock worth $73,960,000 after purchasing an additional 14,526 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Axis Capital by 0.5% during the third quarter. Wells Fargo & Company MN now owns 1,097,922 shares of the insurance provider’s stock worth $62,922,000 after purchasing an additional 5,941 shares during the last quarter. Bessemer Group Inc. raised its holdings in Axis Capital by 2,474.1% during the third quarter. Bessemer Group Inc. now owns 819,192 shares of the insurance provider’s stock worth $46,948,000 after purchasing an additional 787,368 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Axis Capital by 0.3% during the third quarter. Swiss National Bank now owns 759,346 shares of the insurance provider’s stock worth $43,518,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

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Axis Capital Company Profile

AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.

Analyst Recommendations for Axis Capital (NYSE:AXS)

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