AXIS Capital (NYSE:AXS) Given Outperform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of AXIS Capital (NYSE:AXSFree Report) in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a $75.00 target price on the insurance provider’s stock.

Several other equities analysts have also commented on AXS. UBS Group increased their target price on AXIS Capital from $77.00 to $80.00 and gave the company a buy rating in a report on Monday, February 5th. Wells Fargo & Company raised their price objective on AXIS Capital from $56.00 to $59.00 and gave the stock an underweight rating in a report on Friday, February 2nd. Finally, StockNews.com lowered AXIS Capital from a buy rating to a hold rating in a report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $66.83.

Check Out Our Latest Stock Analysis on AXS

AXIS Capital Stock Performance

NYSE:AXS opened at $64.75 on Tuesday. The firm has a market capitalization of $5.47 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.28 and a beta of 0.80. The business’s fifty day moving average price is $61.51 and its 200 day moving average price is $57.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.60 and a quick ratio of 0.60. AXIS Capital has a 12 month low of $51.61 and a 12 month high of $65.32.

AXIS Capital (NYSE:AXSGet Free Report) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $2.94 EPS for the quarter, beating the consensus estimate of ($1.25) by $4.19. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. AXIS Capital had a return on equity of 19.25% and a net margin of 6.67%. On average, sell-side analysts anticipate that AXIS Capital will post 10.15 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Monday, March 4th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, March 1st. This represents a $1.76 annualized dividend and a dividend yield of 2.72%. AXIS Capital’s dividend payout ratio (DPR) is 43.78%.

Insider Transactions at AXIS Capital

In other AXIS Capital news, Director Stanley A. Galanski bought 7,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average price of $58.45 per share, for a total transaction of $409,150.00. Following the completion of the purchase, the director now owns 9,763 shares of the company’s stock, valued at $570,647.35. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On AXIS Capital

Hedge funds have recently made changes to their positions in the business. US Bancorp DE boosted its stake in shares of AXIS Capital by 447.2% during the first quarter. US Bancorp DE now owns 487 shares of the insurance provider’s stock worth $30,000 after buying an additional 398 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of AXIS Capital during the fourth quarter worth about $28,000. Lazard Asset Management LLC acquired a new stake in shares of AXIS Capital during the first quarter worth about $33,000. Bruce G. Allen Investments LLC acquired a new stake in shares of AXIS Capital during the fourth quarter worth about $43,000. Finally, NewEdge Advisors LLC lifted its position in AXIS Capital by 177.9% in the first quarter. NewEdge Advisors LLC now owns 842 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 539 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

About AXIS Capital

(Get Free Report)

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.

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Analyst Recommendations for AXIS Capital (NYSE:AXS)

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