TD Cowen Boosts AXIS Capital (NYSE:AXS) Price Target to $127.00

AXIS Capital (NYSE:AXS) had its price target hoisted by analysts at TD Cowen from $118.00 to $127.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. TD Cowen’s target price indicates a potential upside of 35.32% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Bank of America boosted their price objective on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Roth Mkm upped their target price on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group lifted their price target on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price objective on AXIS Capital from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.14.

AXIS Capital Stock Up 3.2 %

AXIS Capital stock opened at $93.85 on Wednesday. The business’s 50-day simple moving average is $82.22 and its two-hundred day simple moving average is $76.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $7.85 billion, a PE ratio of 13.02, a PEG ratio of 0.31 and a beta of 0.90. AXIS Capital has a fifty-two week low of $53.49 and a fifty-two week high of $94.24.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.16. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company earned $2.34 EPS. Equities analysts anticipate that AXIS Capital will post 10.89 EPS for the current year.

Institutional Trading of AXIS Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc grew its stake in AXIS Capital by 55.6% in the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC lifted its holdings in AXIS Capital by 80.4% during the second quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 226 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of AXIS Capital in the third quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of AXIS Capital by 32.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 148 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of AXIS Capital by 424.6% during the 3rd quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 985 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

AXIS Capital Company Profile

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.