AXIS Capital Holdings Limited (NYSE:AXS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of AXIS Capital Holdings Limited (NYSE:AXSGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $99.25.

Several equities research analysts have recently issued reports on AXS shares. UBS Group increased their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Bank of America raised their target price 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. TD Cowen lifted their target price on AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group increased their price objective on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company cut their price target on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th.

Read Our Latest Analysis on AXIS Capital

AXIS Capital Trading Up 3.0 %

AXS stock opened at $92.74 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 0.29 and a beta of 0.95. The business has a fifty day moving average price of $90.05 and a 200 day moving average price of $82.36. AXIS Capital has a fifty-two week low of $55.56 and a fifty-two week high of $94.89.

AXIS Capital (NYSE:AXSGet Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. Analysts expect that AXIS Capital will post 10.89 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.44 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.76 annualized dividend and a yield of 1.90%. AXIS Capital’s dividend payout ratio is currently 24.41%.

Institutional Investors Weigh In On AXIS Capital

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of AXIS Capital by 1.1% during the fourth quarter. Rhumbline Advisers now owns 80,545 shares of the insurance provider’s stock worth $7,138,000 after purchasing an additional 842 shares during the period. Summit Trail Advisors LLC purchased a new position in AXIS Capital in the 4th quarter worth approximately $300,000. Elevate Capital Advisors LLC bought a new stake in shares of AXIS Capital in the fourth quarter worth approximately $1,840,000. Savant Capital LLC increased its position in shares of AXIS Capital by 0.6% during the 4th quarter. Savant Capital LLC now owns 46,627 shares of the insurance provider’s stock valued at $4,132,000 after purchasing an additional 283 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of AXIS Capital in the 4th quarter worth $337,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

AXIS Capital Company Profile

(Get Free Report

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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Analyst Recommendations for AXIS Capital (NYSE:AXS)

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