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.
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.
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