AXIS Capital Holdings Limited (NYSE:AXS) Given Consensus Rating of “Hold” by Brokerages

Shares of AXIS Capital Holdings Limited (NYSE:AXSGet Rating) have received an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $60.80.

A number of research analysts have commented on the stock. StockNews.com downgraded shares of AXIS Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Zacks Investment Research raised shares of AXIS Capital from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a research note on Monday, January 17th. Wells Fargo & Company raised AXIS Capital from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $54.00 to $57.00 in a research report on Tuesday, January 4th. Finally, Morgan Stanley boosted their price target on AXIS Capital from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, January 14th.

A number of institutional investors have recently modified their holdings of the business. Marshall Wace LLP lifted its stake in shares of AXIS Capital by 1,488.4% during the first quarter. Marshall Wace LLP now owns 3,145 shares of the insurance provider’s stock worth $172,000 after buying an additional 2,947 shares during the period. State of New Jersey Common Pension Fund D grew its stake in AXIS Capital by 9.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 49,555 shares of the insurance provider’s stock valued at $2,282,000 after purchasing an additional 4,238 shares during the last quarter. Sigma Planning Corp increased its holdings in shares of AXIS Capital by 26.5% in the third quarter. Sigma Planning Corp now owns 7,752 shares of the insurance provider’s stock valued at $357,000 after purchasing an additional 1,622 shares during the period. Nordea Investment Management AB raised its stake in shares of AXIS Capital by 100.0% in the third quarter. Nordea Investment Management AB now owns 12,924 shares of the insurance provider’s stock worth $602,000 after purchasing an additional 6,462 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of AXIS Capital by 17.7% in the third quarter. SG Americas Securities LLC now owns 10,736 shares of the insurance provider’s stock worth $494,000 after purchasing an additional 1,614 shares during the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.

Shares of NYSE:AXS opened at $56.39 on Tuesday. The firm has a market capitalization of $4.78 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 2.08 and a beta of 0.92. The business has a 50 day simple moving average of $56.07 and a two-hundred day simple moving average of $54.13. AXIS Capital has a 1 year low of $44.49 and a 1 year high of $61.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55.

AXIS Capital (NYSE:AXSGet Rating) last announced its quarterly earnings data on Wednesday, January 26th. The insurance provider reported $2.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.78. The company had revenue of $947.41 million for the quarter, compared to the consensus estimate of $922.43 million. AXIS Capital had a return on equity of 9.77% and a net margin of 11.62%. AXIS Capital’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.20) EPS. Equities research analysts expect that AXIS Capital will post 5.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Thursday, March 31st were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This is a boost from AXIS Capital’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 3.05%. AXIS Capital’s dividend payout ratio (DPR) is 24.93%.

About AXIS Capital (Get Rating)

AXIS Capital Holdings Ltd. engages in the provision of various insurance and reinsurance products and services. It operates through the Insurance and Reinsurance segments. The Insurance segment offers property, marine, terrorism, aviation, political risk, professional lines, liability, and accident, and health insurance products.

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