Media headlines about Axis Capital (NYSE:AXS) have trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Axis Capital earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 46.164534154945 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- BRIEF-Axis Capital Says Unit Issued $350 Mln Aggregate Principal Amount Of Its 4 Pct Senior Notes Due 2027 (reuters.com)
- AXIS Capital Holdings (AXS) Passes Through 3% Yield Mark (nasdaq.com)
- Conrad D. Brooks Sells 7,500 Shares of Axis Capital Holdings Limited (AXS) Stock (americanbankingnews.com)
- Axis Capital prices offering of senior notes (royalgazette.com)
- AXIS Capital Prices $350 Million Of Senior Notes (bernews.com)
Several research analysts have recently commented on the company. Morgan Stanley reduced their target price on Axis Capital from $70.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Citigroup reduced their target price on Axis Capital from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. UBS reduced their target price on Axis Capital from $57.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, October 2nd. Zacks Investment Research downgraded Axis Capital from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $67.00 target price on shares of Axis Capital in a report on Friday, August 18th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.45.
Shares of Axis Capital (NYSE AXS) traded down $0.46 during trading on Thursday, hitting $49.80. 1,101,701 shares of the company’s stock traded hands, compared to its average volume of 554,935. Axis Capital has a 52 week low of $49.80 and a 52 week high of $71.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.51 and a quick ratio of 0.51.
Axis Capital (NYSE:AXS) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) EPS for the quarter, missing the consensus estimate of ($5.34) by ($0.01). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $972.10 million. Axis Capital had a negative net margin of 4.55% and a negative return on equity of 2.59%. During the same quarter in the previous year, the firm posted $1.78 EPS. sell-side analysts forecast that Axis Capital will post -2.2 EPS for the current year.
In related news, EVP Conrad D. Brooks sold 7,500 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $52.31, for a total value of $392,325.00. Following the completion of the sale, the executive vice president now owns 6,027 shares in the company, valued at approximately $315,272.37. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.89% of the stock is owned by corporate insiders.
About Axis Capital
AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.
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