ValuEngine upgraded shares of Axis Capital (NYSE:AXS) from a sell rating to a hold rating in a research report released on Saturday.
Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Axis Capital from a sell rating to a hold rating in a research note on Monday, March 12th. Deutsche Bank reduced their price objective on shares of Axis Capital from $55.00 to $54.00 and set a hold rating on the stock in a research note on Friday, February 9th. Wells Fargo reiterated a hold rating and set a $52.00 price objective on shares of Axis Capital in a research note on Wednesday, February 7th. Finally, UBS upgraded shares of Axis Capital from a sell rating to a neutral rating and set a $55.00 price objective on the stock in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Axis Capital currently has an average rating of Hold and a consensus price target of $60.22.
Axis Capital (NYSE:AXS) opened at $57.62 on Friday. Axis Capital has a 52 week low of $47.43 and a 52 week high of $68.51. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.30. The company has a market cap of $4,759.02, a price-to-earnings ratio of -11.52, a price-to-earnings-growth ratio of 1.56 and a beta of 0.49.
Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). Axis Capital had a negative net margin of 8.04% and a negative return on equity of 4.48%. The company had revenue of $729.42 million for the quarter, compared to the consensus estimate of $549.41 million. During the same quarter last year, the company earned $1.14 earnings per share. The company’s revenue was up 57.1% compared to the same quarter last year. equities research analysts predict that Axis Capital will post 4.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.71%. Axis Capital’s payout ratio is currently -31.20%.
In other Axis Capital news, Director Charles A. Davis purchased 25,000 shares of Axis Capital stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $49.90 per share, for a total transaction of $1,247,500.00. Following the transaction, the director now owns 34,063 shares in the company, valued at approximately $1,699,743.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.89% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. AXA bought a new position in shares of Axis Capital in the 4th quarter worth about $3,536,000. OxFORD Asset Management LLP bought a new stake in Axis Capital in the 3rd quarter valued at about $1,349,000. Cerebellum GP LLC bought a new stake in Axis Capital in the 4th quarter valued at about $3,484,000. First Trust Advisors LP lifted its position in Axis Capital by 27.3% in the 4th quarter. First Trust Advisors LP now owns 715,188 shares of the insurance provider’s stock valued at $35,945,000 after purchasing an additional 153,228 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Axis Capital by 0.5% in the 3rd quarter. Wells Fargo & Company MN now owns 1,097,922 shares of the insurance provider’s stock valued at $62,922,000 after purchasing an additional 5,941 shares during the last quarter. Institutional investors own 88.15% of the company’s stock.
About Axis Capital
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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