AXIS Capital (NYSE:AXS) Given New $57.00 Price Target at Wells Fargo & Company

AXIS Capital (NYSE:AXSFree Report) had its target price cut by Wells Fargo & Company from $59.00 to $57.00 in a research report released on Thursday morning, Benzinga reports. They currently have an underweight rating on the insurance provider’s stock.

Several other brokerages have also recently commented on AXS. StockNews.com cut shares of AXIS Capital from a buy rating to a hold rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods boosted their target price on shares of AXIS Capital from $75.00 to $80.00 and gave the company an outperform rating in a research report on Wednesday. Finally, UBS Group increased their price target on AXIS Capital from $77.00 to $80.00 and gave the stock a buy rating in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, AXIS Capital currently has an average rating of Hold and a consensus target price of $67.33.

Check Out Our Latest Stock Report on AXS

AXIS Capital Stock Performance

Shares of AXS stock opened at $62.16 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.60 and a quick ratio of 0.60. The business has a fifty day moving average of $62.27 and a 200 day moving average of $58.13. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. AXIS Capital has a 1 year low of $51.61 and a 1 year high of $65.86.

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 (EPS) for the quarter, topping the consensus estimate of ($1.25) by $4.19. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. AXIS Capital had a return on equity of 19.25% and a net margin of 6.67%. As a group, research analysts expect that AXIS Capital will post 10.15 earnings per share for the current year.

AXIS Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Monday, March 4th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, March 1st. AXIS Capital’s dividend payout ratio (DPR) is presently 43.78%.

Insider Activity at AXIS Capital

In other news, Director Stanley A. Galanski acquired 7,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was acquired at an average price of $58.45 per share, for a total transaction of $409,150.00. Following the completion of the transaction, the director now owns 9,763 shares in the company, valued at approximately $570,647.35. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Institutional Trading of AXIS Capital

Several institutional investors have recently bought and sold shares of AXS. JPMorgan Chase & Co. lifted its position in shares of AXIS Capital by 50.9% during the 1st quarter. JPMorgan Chase & Co. now owns 125,923 shares of the insurance provider’s stock valued at $7,614,000 after buying an additional 42,496 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in AXIS Capital by 6.4% during the first quarter. Bank of New York Mellon Corp now owns 275,103 shares of the insurance provider’s stock valued at $16,635,000 after purchasing an additional 16,513 shares in the last quarter. US Bancorp DE lifted its holdings in AXIS Capital by 447.2% during the first quarter. US Bancorp DE now owns 487 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 398 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of AXIS Capital in the first quarter valued at about $366,000. Finally, Bank of Montreal Can purchased a new stake in shares of AXIS Capital during the first quarter worth about $201,000. 93.44% of the stock is owned by institutional investors and hedge funds.

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.

Featured Articles

Analyst Recommendations for AXIS Capital (NYSE:AXS)

Receive News & Ratings for AXIS Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXIS Capital and related companies with MarketBeat.com's FREE daily email newsletter.