Axis Capital Holdings Limited (AXS) Receives Average Rating of “Hold” from Brokerages
Shares of Axis Capital Holdings Limited (NYSE:AXS) have earned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $60.22.
Several brokerages recently weighed in on AXS. MKM Partners dropped their target price on Axis Capital from $80.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Wells Fargo & Co set a $54.00 target price on Axis Capital and gave the company a “sell” rating in a report on Thursday, October 26th. TheStreet cut Axis Capital from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Morgan Stanley dropped their target price on Axis Capital from $70.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised Axis Capital from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd.
In other Axis Capital news, EVP Conrad D. Brooks sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.31, for a total transaction of $392,325.00. Following the completion of the transaction, the executive vice president now owns 6,027 shares of the company’s stock, valued at approximately $315,272.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.89% of the company’s stock.
Shares of Axis Capital (NYSE AXS) opened at $49.16 on Tuesday. The firm has a market capitalization of $4,142.15, a PE ratio of -9.83, a P/E/G ratio of 1.28 and a beta of 0.48. Axis Capital has a fifty-two week low of $47.99 and a fifty-two week high of $71.06. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21.
Axis Capital (NYSE:AXS) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $729.42 million for the quarter, compared to analysts’ expectations of $549.41 million. Axis Capital had a negative net margin of 8.04% and a negative return on equity of 4.39%. The company’s revenue was up 57.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. equities analysts predict that Axis Capital will post 4.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.39 per share. This is a positive change from Axis Capital’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, December 28th. This represents a $1.56 dividend on an annualized basis and a yield of 3.17%. Axis Capital’s dividend payout ratio is presently -31.20%.
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.
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