AXIS Capital (NYSE:AXS) PT Raised to $95.00

by · The Cerbat Gem

AXIS Capital (NYSE:AXS – Get Free Report) had its target price boosted by Jefferies Financial Group from $88.00 to $95.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 18.82% from the company’s current price.

A number of other analysts have also recently weighed in on AXS. Keefe, Bruyette & Woods upped their target price on shares of AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Roth Mkm increased their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. UBS Group increased their target price on shares of AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Wells Fargo & Company raised their price objective on shares of AXIS Capital from $63.00 to $74.00 and gave the stock an “underweight” rating in a report on Monday, August 12th. Finally, Bank of America raised their price objective on shares of AXIS Capital from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to data from MarketBeat, AXIS Capital presently has an average rating of “Moderate Buy” and an average price target of $92.86.

View Our Latest Stock Report on AXIS Capital

AXIS Capital Trading Down 0.8 %

AXIS Capital stock opened at $79.95 on Wednesday. The company has a 50 day moving average price of $77.23 and a 200 day moving average price of $71.66. AXIS Capital has a 52 week low of $52.90 and a 52 week high of $82.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.26 and a beta of 0.89.

AXIS Capital (NYSE:AXS – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.41. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.49 billion. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. AXIS Capital’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.23 EPS. Research analysts forecast that AXIS Capital will post 10.71 EPS for the current year.

Institutional Investors Weigh In On AXIS Capital

A number of institutional investors have recently modified their holdings of AXS. Victory Capital Management Inc. raised its holdings in AXIS Capital by 8,717.0% during the second quarter. Victory Capital Management Inc. now owns 1,361,250 shares of the insurance provider’s stock worth $96,172,000 after buying an additional 1,345,811 shares during the last quarter. Janus Henderson Group PLC grew its position in AXIS Capital by 30.7% during the first quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider’s stock valued at $150,928,000 after buying an additional 545,546 shares during the period. Levin Capital Strategies L.P. bought a new position in AXIS Capital during the first quarter valued at about $17,065,000. Millennium Management LLC boosted its position in AXIS Capital by 1,644.8% during the second quarter. Millennium Management LLC now owns 240,754 shares of the insurance provider’s stock worth $17,009,000 after purchasing an additional 226,956 shares during the period. Finally, AQR Capital Management LLC boosted its position in AXIS Capital by 9.0% during the second quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider’s stock worth $182,538,000 after purchasing an additional 213,559 shares during the period. 93.44% of the stock is owned by institutional investors.

About AXIS Capital

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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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