Axis Capital (NYSE:AXS) released its earnings results on Tuesday. The insurance provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.18, MarketWatch Earnings reports. Axis Capital had a negative net margin of 0.41% and a negative return on equity of 1.85%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm earned $1.62 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year.

NYSE:AXS traded up $0.16 during trading hours on Friday, hitting $40.33. 39,996 shares of the stock traded hands, compared to its average volume of 882,343. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 0.38. Axis Capital has a 1 year low of $31.82 and a 1 year high of $67.51. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -60.86, a price-to-earnings-growth ratio of 20.18 and a beta of 0.61. The stock has a 50 day moving average price of $40.58 and a 200 day moving average price of $45.84.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 29th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.07%. The ex-dividend date was Friday, June 26th. Axis Capital’s dividend payout ratio is currently 65.08%.

AXS has been the topic of several recent research reports. ValuEngine raised shares of Axis Capital from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Morgan Stanley dropped their target price on shares of Axis Capital from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. TheStreet cut shares of Axis Capital from a “c” rating to a “d+” rating in a research report on Monday, May 4th. UBS Group lowered their price target on shares of Axis Capital from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Deutsche Bank reduced their price objective on shares of Axis Capital from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.14.

In related news, Director Anne Melissa Dowling bought 1,400 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $35.77 per share, with a total value of $50,078.00. Following the completion of the acquisition, the director now owns 3,323 shares of the company’s stock, valued at $118,863.71. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Charles A. Davis purchased 350,000 shares of Axis Capital stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $40.42 per share, for a total transaction of $14,147,000.00. Following the transaction, the director now directly owns 42,120 shares of the company’s stock, valued at approximately $1,702,490.40. The disclosure for this purchase can be found here. Insiders have acquired 1,149,107 shares of company stock worth $47,442,566 in the last ninety days. Insiders own 2.20% of the company’s stock.

About Axis Capital

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, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.

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Earnings History for Axis Capital (NYSE:AXS)

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