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

Axis Capital Holdings Limited (NYSE:AXS) has been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $60.22.

A number of research firms have weighed in on AXS. Wells Fargo & Co set a $54.00 price objective on Axis Capital and gave the stock a “sell” rating in a research report on Thursday, October 26th. TheStreet cut Axis Capital from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. ValuEngine raised Axis Capital from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. UBS Group raised Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 price target for the company in a report on Thursday, January 11th. Finally, Deutsche Bank reduced their price target on Axis Capital from $55.00 to $54.00 and set a “hold” rating for the company in a report on Friday, February 9th.

In other news, EVP Conrad D. Brooks sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.31, for a total value of $392,325.00. Following the completion of the sale, the executive vice president now directly owns 6,027 shares of the company’s stock, valued at approximately $315,272.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.89% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. General American Investors Co. Inc. increased its stake in Axis Capital by 30.7% in the 3rd quarter. General American Investors Co. Inc. now owns 245,000 shares of the insurance provider’s stock valued at $14,041,000 after purchasing an additional 57,500 shares in the last quarter. Swiss National Bank increased its stake in Axis Capital by 0.3% in the 3rd quarter. Swiss National Bank now owns 759,346 shares of the insurance provider’s stock valued at $43,518,000 after purchasing an additional 2,000 shares in the last quarter. Shell Asset Management Co. increased its stake in Axis Capital by 92.2% in the 3rd quarter. Shell Asset Management Co. now owns 189,880 shares of the insurance provider’s stock valued at $8,987,000 after purchasing an additional 91,084 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in Axis Capital in the 3rd quarter valued at approximately $1,349,000. Finally, Cerebellum GP LLC purchased a new position in Axis Capital in the 4th quarter valued at approximately $3,484,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Axis Capital (NYSE:AXS) traded up $0.96 during trading on Tuesday, reaching $51.47. The company’s stock had a trading volume of 501,761 shares, compared to its average volume of 924,678. Axis Capital has a 52 week low of $47.98 and a 52 week high of $71.06. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21. The firm has a market cap of $4,280.00, a PE ratio of -10.27, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48.

Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Axis Capital had a negative return on equity of 4.39% and a negative net margin of 8.04%. The company had revenue of $729.42 million for the quarter, compared to analyst estimates of $549.41 million. During the same period in the previous year, the business posted $1.14 earnings per share. The firm’s revenue was up 57.1% compared to the same quarter last year. equities analysts predict that Axis Capital will post 4.32 EPS for the current year.

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About Axis Capital

AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.

Analyst Recommendations for Axis Capital (NYSE:AXS)

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