Axis Capital Holdings Limited (AXS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Axis Capital Holdings Limited (NYSE:AXS) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $61.67.

Several equities research analysts have recently weighed in on AXS shares. Keefe, Bruyette & Woods raised shares of Axis Capital from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $61.00 to $67.00 in a research report on Wednesday, March 13th. TheStreet cut Axis Capital from a “b-” rating to a “c” rating in a research note on Thursday, January 31st. UBS Group increased their target price on Axis Capital from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Zacks Investment Research cut Axis Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 31st. Finally, ValuEngine cut Axis Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in Axis Capital by 6.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 417,063 shares of the insurance provider’s stock valued at $24,068,000 after purchasing an additional 25,640 shares in the last quarter. JPMorgan Chase & Co. grew its position in Axis Capital by 25.6% in the third quarter. JPMorgan Chase & Co. now owns 650,783 shares of the insurance provider’s stock valued at $37,558,000 after acquiring an additional 132,666 shares in the last quarter. Teachers Advisors LLC grew its position in Axis Capital by 3.5% in the third quarter. Teachers Advisors LLC now owns 755,971 shares of the insurance provider’s stock valued at $43,627,000 after acquiring an additional 25,570 shares in the last quarter. Nordea Investment Management AB grew its position in Axis Capital by 25.3% in the third quarter. Nordea Investment Management AB now owns 172,030 shares of the insurance provider’s stock valued at $9,928,000 after acquiring an additional 34,721 shares in the last quarter. Finally, Morgan Stanley grew its position in Axis Capital by 34.6% in the third quarter. Morgan Stanley now owns 147,868 shares of the insurance provider’s stock valued at $8,534,000 after acquiring an additional 38,031 shares in the last quarter. Hedge funds and other institutional investors own 88.09% of the company’s stock.

Axis Capital stock traded up $0.13 during trading hours on Friday, hitting $58.07. The company had a trading volume of 260,467 shares, compared to its average volume of 572,925. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. Axis Capital has a 1 year low of $48.27 and a 1 year high of $58.88.

Axis Capital (NYSE:AXS) last released its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.16). The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Axis Capital had a net margin of 1.54% and a return on equity of 3.95%. Axis Capital’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. Research analysts expect that Axis Capital will post 4.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, June 27th. Axis Capital’s dividend payout ratio (DPR) is presently 83.33%.

Axis Capital Company Profile

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.

Read More: What are the components of an earnings report?

Analyst Recommendations for Axis Capital (NYSE:AXS)

Receive News & Ratings for Axis Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axis Capital and related companies with MarketBeat.com's FREE daily email newsletter.