AXIS Capital Holdings Limited (NYSE:AXS – Get Rating) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $61.00.
A number of research firms have weighed in on AXS. Jefferies Financial Group reduced their target price on AXIS Capital from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, July 12th. StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a report on Friday. Finally, TheStreet downgraded AXIS Capital from a “b” rating to a “c+” rating in a report on Tuesday, July 26th.
AXIS Capital Trading Up 1.0 %
AXS opened at $50.49 on Thursday. The business has a 50 day simple moving average of $55.55 and a two-hundred day simple moving average of $56.08. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 1.78 and a beta of 0.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.59 and a quick ratio of 0.59. AXIS Capital has a one year low of $44.49 and a one year high of $61.39.
AXIS Capital (NYSE:AXS – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The insurance provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. AXIS Capital had a return on equity of 11.44% and a net margin of 8.55%. During the same quarter last year, the business posted $2.00 earnings per share. Analysts predict that AXIS Capital will post 6.06 EPS for the current year.
AXIS Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.72 annualized dividend and a yield of 3.41%. AXIS Capital’s dividend payout ratio (DPR) is presently 35.54%.
Hedge Funds Weigh In On AXIS Capital
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXS. Scout Investments Inc. bought a new position in AXIS Capital in the 1st quarter valued at approximately $56,866,000. Schonfeld Strategic Advisors LLC lifted its position in AXIS Capital by 161.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 305,992 shares of the insurance provider’s stock valued at $16,668,000 after acquiring an additional 807,850 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in AXIS Capital in the 4th quarter valued at approximately $27,498,000. Millennium Management LLC lifted its holdings in shares of AXIS Capital by 175.2% during the 4th quarter. Millennium Management LLC now owns 791,038 shares of the insurance provider’s stock valued at $43,088,000 after buying an additional 503,565 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of AXIS Capital by 279.6% during the 4th quarter. Point72 Asset Management L.P. now owns 546,273 shares of the insurance provider’s stock valued at $29,755,000 after buying an additional 402,349 shares during the period. 93.67% of the stock is owned by institutional investors.
AXIS Capital Company Profile
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.
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