Axis Capital Holdings Limited (NYSE:AXS) has earned an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $59.25.
AXS has been the subject of a number of recent analyst reports. Wells Fargo & Co reissued a “hold” rating and issued a $58.00 price objective on shares of Axis Capital in a research report on Wednesday, October 24th. Morgan Stanley lowered their price objective on Axis Capital from $65.00 to $63.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. ValuEngine raised Axis Capital from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. Citigroup set a $60.00 price objective on Axis Capital and gave the stock a “hold” rating in a research report on Thursday, November 8th. Finally, TheStreet raised Axis Capital from a “c” rating to a “b-” rating in a research report on Thursday, October 25th.
Institutional investors and hedge funds have recently modified their holdings of the business. Valeo Financial Advisors LLC lifted its position in Axis Capital by 179.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,900 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 1,220 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Axis Capital during the 3rd quarter worth about $119,000. Advisors Asset Management Inc. lifted its position in Axis Capital by 1,144.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 20,925 shares of the insurance provider’s stock worth $172,000 after acquiring an additional 19,243 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Axis Capital during the 2nd quarter worth about $230,000. Finally, Oakbrook Investments LLC acquired a new stake in Axis Capital during the 3rd quarter worth about $233,000. 89.58% of the stock is owned by institutional investors.
Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, October 24th. The insurance provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.27. The firm had revenue of $919.94 million during the quarter, compared to analysts’ expectations of $987.27 million. Axis Capital had a return on equity of 8.02% and a net margin of 3.91%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned ($5.35) EPS. Research analysts predict that Axis Capital will post 2.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a $0.40 dividend. This is a boost from Axis Capital’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, December 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.97%. Axis Capital’s dividend payout ratio (DPR) is presently -50.79%.
Axis Capital Company Profile
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.
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