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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in shares of Axis Capital by 6.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,725 shares of the insurance provider’s stock worth $499,000 after acquiring an additional 451 shares in the last quarter. Stifel Financial Corp raised its position in shares of Axis Capital by 13.5% in the 2nd quarter. Stifel Financial Corp now owns 7,837 shares of the insurance provider’s stock worth $507,000 after acquiring an additional 930 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Axis Capital in the 2nd quarter worth approximately $207,000. Nomura Holdings Inc. bought a new position in shares of Axis Capital in the 2nd quarter worth approximately $464,000. Finally, Verition Fund Management LLC raised its position in shares of Axis Capital by 78.1% in the 2nd quarter. Verition Fund Management LLC now owns 11,262 shares of the insurance provider’s stock worth $728,000 after acquiring an additional 4,939 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

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%.

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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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