AXIS Capital (NYSE:AXS) Receives Outperform Rating from Keefe, Bruyette & Woods

AXIS Capital (NYSE:AXSGet Free Report)‘s stock had its “outperform” rating reissued by stock analysts at Keefe, Bruyette & Woods in a research report issued on Tuesday, Benzinga reports. They presently have a $75.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 16.03% from the company’s current price.

AXS has been the topic of several other reports. Wells Fargo & Company increased their price objective on shares of AXIS Capital from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Friday, February 2nd. StockNews.com lowered shares of AXIS Capital from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, UBS Group raised their price target on shares of AXIS Capital from $77.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $66.83.

Read Our Latest Analysis on AXIS Capital

AXIS Capital Price Performance

AXS stock traded down $0.37 during trading on Tuesday, hitting $64.64. The stock had a trading volume of 58,556 shares, compared to its average volume of 620,391. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.28 and a beta of 0.80. AXIS Capital has a 1-year low of $51.61 and a 1-year high of $65.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. The company’s 50 day moving average price is $61.32 and its two-hundred day moving average price is $57.75.

AXIS Capital (NYSE:AXSGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.94 earnings per share for the quarter, topping the consensus estimate of ($1.25) by $4.19. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. AXIS Capital had a net margin of 6.67% and a return on equity of 19.25%. On average, sell-side analysts forecast that AXIS Capital will post 10.15 EPS for the current fiscal year.

Insider Transactions at AXIS Capital

In related news, Director Stanley A. Galanski purchased 7,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average price of $58.45 per share, with a total value of $409,150.00. Following the completion of the transaction, the director now owns 9,763 shares of the company’s stock, valued at $570,647.35. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On AXIS Capital

A number of hedge funds have recently added to or reduced their stakes in AXS. Norges Bank bought a new stake in AXIS Capital in the fourth quarter valued at $52,845,000. Alliancebernstein L.P. lifted its stake in AXIS Capital by 1,531.0% in the third quarter. Alliancebernstein L.P. now owns 631,926 shares of the insurance provider’s stock valued at $31,059,000 after buying an additional 593,181 shares during the last quarter. AQR Capital Management LLC lifted its stake in AXIS Capital by 89.5% in the third quarter. AQR Capital Management LLC now owns 1,230,822 shares of the insurance provider’s stock valued at $69,381,000 after buying an additional 581,409 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in AXIS Capital by 185.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 488,556 shares of the insurance provider’s stock valued at $27,051,000 after buying an additional 317,169 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in AXIS Capital by 3.8% in the first quarter. Vanguard Group Inc. now owns 7,948,453 shares of the insurance provider’s stock valued at $480,644,000 after buying an additional 288,068 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

About AXIS Capital

(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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