Shares of Axis Capital Holdings Limited (NYSE:AXS – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $120.50.
A number of equities research analysts have recently weighed in on AXS shares. Weiss Ratings upgraded shares of Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 30th. Capital One Financial set a $108.00 price target on Axis Capital in a research report on Wednesday, July 29th. Bank of America lowered their price objective on Axis Capital from $115.00 to $106.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Mizuho dropped their price objective on Axis Capital from $142.00 to $130.00 and set an “outperform” rating for the company in a report on Monday. Finally, Wells Fargo & Company cut their target price on Axis Capital from $134.00 to $126.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th.
Read Our Latest Analysis on AXS
Institutional Investors Weigh In On Axis Capital
Axis Capital Price Performance
Shares of Axis Capital stock opened at $104.65 on Tuesday. Axis Capital has a twelve month low of $88.07 and a twelve month high of $119.99. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $106.78 and a two-hundred day simple moving average of $103.34. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 4.48 and a beta of 0.50.
Axis Capital (NYSE:AXS – Get Free Report) last announced its earnings results on Monday, July 27th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). Axis Capital had a return on equity of 17.00% and a net margin of 16.23%.The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company earned $3.29 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts forecast that Axis Capital will post 12.58 EPS for the current year.
Axis Capital Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Axis Capital’s payout ratio is 12.50%.
Axis Capital Company Profile
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.
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