Deutsche Bank AG Reaffirms “Hold” Rating for Axis Capital Holdings Limited (AXS)

Deutsche Bank AG reissued their hold rating on shares of Axis Capital Holdings Limited (NYSE:AXS) in a research report report published on Wednesday morning. They currently have a $64.00 target price on the stock, down from their previous target price of $66.00.

Several other research firms have also commented on AXS. Zacks Investment Research raised Axis Capital Holdings Limited from a hold rating to a buy rating and set a $79.00 target price on the stock in a report on Thursday, March 2nd. BMO Capital Markets reiterated a market perform rating and set a $67.00 price target (up previously from $64.00) on shares of Axis Capital Holdings Limited in a research report on Friday, February 3rd. Wells Fargo & Co downgraded Axis Capital Holdings Limited from a market perform rating to an underperform rating in a research report on Monday, January 9th. Macquarie downgraded Axis Capital Holdings Limited from a neutral rating to an underperform rating and set a $55.00 price target on the stock. in a research report on Tuesday, January 17th. Finally, MKM Partners upgraded Axis Capital Holdings Limited from a neutral rating to a buy rating and set a $80.00 price target on the stock in a research report on Thursday, February 2nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $65.71.

Axis Capital Holdings Limited (NYSE:AXS) opened at 67.47 on Wednesday. The stock’s 50 day moving average price is $67.98 and its 200 day moving average price is $62.00. The company has a market cap of $5.81 billion, a P/E ratio of 13.28 and a beta of 0.55. Axis Capital Holdings Limited has a 52-week low of $51.01 and a 52-week high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last posted its earnings results on Wednesday, February 1st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.87 by $0.27. The firm had revenue of $464.39 million for the quarter, compared to analyst estimates of $602.70 million. Axis Capital Holdings Limited had a return on equity of 8.36% and a net margin of 12.82%. Axis Capital Holdings Limited’s revenue for the quarter was down 22.0% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. Analysts expect that Axis Capital Holdings Limited will post $4.52 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.25%. Axis Capital Holdings Limited’s dividend payout ratio is currently 29.57%.

In other Axis Capital Holdings Limited news, Director Michael A. Butt sold 158,946 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $65.38, for a total transaction of $10,391,889.48. Following the transaction, the director now owns 999,982 shares in the company, valued at $65,378,823.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Aviance Capital Partners LLC increased its position in shares of Axis Capital Holdings Limited by 3.2% in the third quarter. Aviance Capital Partners LLC now owns 22,879 shares of the company’s stock worth $1,243,000 after buying an additional 705 shares in the last quarter. First Trust Advisors LP increased its position in Axis Capital Holdings Limited by 3.5% in the third quarter. First Trust Advisors LP now owns 420,939 shares of the company’s stock valued at $22,870,000 after buying an additional 14,301 shares during the period. Quantbot Technologies LP increased its position in Axis Capital Holdings Limited by 12.8% in the third quarter. Quantbot Technologies LP now owns 6,918 shares of the company’s stock valued at $375,000 after buying an additional 786 shares during the period. Benedict Financial Advisors Inc. increased its position in Axis Capital Holdings Limited by 15.7% in the third quarter. Benedict Financial Advisors Inc. now owns 14,149 shares of the company’s stock valued at $767,000 after buying an additional 1,925 shares during the period. Finally, Capital Fund Management S.A. increased its position in Axis Capital Holdings Limited by 30.5% in the third quarter. Capital Fund Management S.A. now owns 13,642 shares of the company’s stock valued at $741,000 after buying an additional 3,192 shares during the period. Institutional investors own 90.07% of the company’s stock.

Axis Capital Holdings Limited Company Profile

AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re.

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