AXIS Capital Holdings Limited (NYSE:AXS) Receives $95.86 Average PT from Brokerages

AXIS Capital Holdings Limited (NYSE:AXS) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $95.86.

Several research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on shares of AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Bank of America boosted their price objective on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Roth Mkm raised their target price on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, TD Cowen initiated coverage on AXIS Capital in a research note on Friday, October 4th. They issued a “buy” rating and a $118.00 price target on the stock.

Institutional Investors Weigh In On AXIS Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in AXIS Capital by 55.6% during the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 165 shares in the last quarter. True Wealth Design LLC purchased a new position in AXIS Capital during the 3rd quarter worth $40,000. GAMMA Investing LLC grew its stake in shares of AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 226 shares in the last quarter. Covestor Ltd raised its holdings in shares of AXIS Capital by 45.9% in the first quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 185 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of AXIS Capital by 32.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

AXIS Capital Price Performance

AXS stock opened at $88.75 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. AXIS Capital has a 52-week low of $53.49 and a 52-week high of $89.31. The company has a market capitalization of $7.42 billion, a P/E ratio of 12.31, a PEG ratio of 0.30 and a beta of 0.90. The company has a fifty day moving average price of $81.47 and a 200-day moving average price of $75.82.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. During the same quarter in the prior year, the firm posted $2.34 earnings per share. As a group, equities analysts expect that AXIS Capital will post 10.89 EPS for the current year.

AXIS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Monday, September 30th. AXIS Capital’s dividend payout ratio (DPR) is 24.41%.

About AXIS Capital

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.