Axis Capital Holdings Limited (NYSE:AXS) Stock Has Average Price Target of $120.31 According to Analysts

Shares of Axis Capital Holdings Limited (NYSE:AXS – Get Free Report) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $120.31.

AXS has been the topic of a number of recent analyst reports. BMO Capital Markets restated a “market perform” rating on shares of Axis Capital in a research note on Wednesday, July 29th. Zacks Research lowered shares of Axis Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Mizuho reduced their price objective on shares of Axis Capital from $130.00 to $118.00 and set an “outperform” rating for the company in a research note on Wednesday, September 16th. Wells Fargo & Company decreased their price objective on shares of Axis Capital from $134.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, TD Cowen restated a “buy” rating and set a $130.00 target price on shares of Axis Capital in a research note on Tuesday, August 25th.

Get Our Latest Stock Analysis on Axis Capital

Hedge Funds Weigh In On Axis Capital

Several large investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its stake in shares of Axis Capital by 8.0% in the second quarter. QRG Capital Management Inc. now owns 5,849 shares of the insurance provider’s stock worth $628,000 after acquiring an additional 433 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Axis Capital during the 2nd quarter valued at approximately $422,000. Sequoia Financial Advisors LLC raised its stake in Axis Capital by 0.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 30,646 shares of the insurance provider’s stock valued at $3,293,000 after purchasing an additional 159 shares during the period. MCF Advisors LLC bought a new stake in Axis Capital during the 2nd quarter valued at approximately $44,000. Finally, WINTON GROUP Ltd purchased a new position in Axis Capital in the 2nd quarter worth approximately $387,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Axis Capital Stock Performance

Shares of AXS opened at $94.56 on Wednesday. The business has a 50-day simple moving average of $102.43 and a two-hundred day simple moving average of $102.26. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.26. Axis Capital has a 52 week low of $88.07 and a 52 week high of $119.99. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 4.14 and a beta of 0.49.

Axis Capital (NYSE:AXS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The insurance provider reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Axis Capital had a net margin of 16.23% and a return on equity of 17.00%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.29 earnings per share. On average, analysts expect that Axis Capital will post 12.38 EPS for the current year.

Axis Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.76 dividend on an annualized basis and a yield of 1.9%. Axis Capital’s dividend payout ratio (DPR) is currently 12.50%.

About Axis Capital

(Get Free Report)

AXIS Capital Holdings Limited (NYSE: AXS) is a Bermuda-based specialty insurance and reinsurance company. Through its subsidiaries, the company provides coverage and risk-management solutions for businesses, institutions and other insurance companies.

Its insurance operations offer products across property, casualty, professional liability, cyber, marine, aviation, accident and health, and other specialty lines. Its reinsurance business assumes risks from primary insurers through property, casualty and specialty reinsurance arrangements.

Founded in 2001, AXIS serves clients and distribution partners in major insurance markets across North America, Bermuda, Europe, Asia-Pacific and other international regions.

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Analyst Recommendations for Axis Capital (NYSE:AXS)

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