Shares of AXIS Capital Holdings Limited (NYSE:AXS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $95.86.
AXS has been the subject of a number of research analyst reports. Roth Mkm upped their price target on AXIS Capital from $75.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Wells Fargo & Company increased their price objective on shares of AXIS Capital from $74.00 to $78.00 and gave the company an "underweight" rating in a research note on Thursday, October 10th. Bank of America lifted their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. UBS Group increased their price target on shares of AXIS Capital from $92.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, TD Cowen assumed coverage on shares of AXIS Capital in a research note on Friday, October 4th. They set a "buy" rating and a $118.00 price objective for the company.
View Our Latest Research Report on AXS
Shares of AXS stock opened at $86.73 on Friday. The company has a market cap of $7.26 billion, a P/E ratio of 12.03, a PEG ratio of 0.29 and a beta of 0.90. The firm has a fifty day moving average price of $80.42 and a 200 day moving average price of $75.12. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital has a 12 month low of $53.48 and a 12 month high of $86.92.
AXIS Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.16. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $2.34 EPS. Sell-side analysts predict that AXIS Capital will post 10.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Monday, September 30th. AXIS Capital's payout ratio is 24.41%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in shares of AXIS Capital by 55.6% during the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider's stock worth $33,000 after purchasing an additional 165 shares during the last quarter. True Wealth Design LLC acquired a new stake in AXIS Capital in the 3rd quarter worth about $40,000. GAMMA Investing LLC grew its holdings in AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider's stock valued at $36,000 after buying an additional 226 shares during the period. Covestor Ltd increased its stake in shares of AXIS Capital by 45.9% during the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 185 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of AXIS Capital by 32.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 148 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.
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