AXIS Capital (NYSE:AXS) Price Target Raised to $110.00 at Keefe, Bruyette & Woods

AXIS Capital (NYSE:AXS) had its price objective upped by investment analysts at Keefe, Bruyette & Woods from $108.00 to $110.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 28.52% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. TD Cowen increased their price target on AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group increased their target price on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group boosted their target price on shares of AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised shares of AXIS Capital from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $78.00 to $89.00 in a research note on Wednesday, December 11th. Finally, Bank of America boosted their price objective on shares of AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $100.71.

AXIS Capital Stock Down 2.6 %

NYSE AXS opened at $85.59 on Friday. AXIS Capital has a 52 week low of $53.88 and a 52 week high of $94.89. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.31 and a beta of 0.95. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $88.65 and a two-hundred day moving average of $80.57.

AXIS Capital (NYSE:AXS) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.16. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $2.34 EPS. On average, analysts predict that AXIS Capital will post 10.83 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new position in shares of AXIS Capital during the third quarter valued at approximately $40,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in 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 buying an additional 148 shares during the period. Versant Capital Management Inc boosted its position in AXIS Capital by 24.0% during the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 130 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of AXIS Capital by 424.6% in the 3rd quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 985 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of AXIS Capital in the 3rd quarter worth $99,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

About AXIS Capital

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.