Axis Capital Holdings Limited (NYSE:AXS) Stock Has Consensus Price Target of $119.08

by · The Cerbat Gem

Axis Capital Holdings Limited (NYSE:AXS – Get Free Report) has been given an average recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $119.08.

Several brokerages have recently weighed in on AXS. Atlantic Securities set a $122.00 price target on shares of Axis Capital in a research note on Wednesday, July 15th. Weiss Ratings upgraded Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. TD Cowen restated a “buy” rating and issued a $130.00 price objective on shares of Axis Capital in a research note on Tuesday, August 25th. Wells Fargo & Company decreased their target price on Axis Capital from $126.00 to $112.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Finally, Keefe, Bruyette & Woods lowered their target price on Axis Capital from $131.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th.

Read Our Latest Analysis on Axis Capital

Axis Capital Stock Up 0.7%

AXS opened at $100.42 on Friday. 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 firm has a 50 day moving average price of $98.32 and a 200-day moving average price of $101.81. Axis Capital has a twelve month low of $88.07 and a twelve month high of $119.99. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 3.42 and a beta of 0.45.

Axis Capital (NYSE:AXS – Get Free Report) last announced its earnings results on Wednesday, July 29th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.41). Axis Capital had a net margin of 16.23% and a return on equity of 17.00%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $3.29 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Axis Capital will post 12.44 earnings per share for the current year.

Axis Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Axis Capital’s dividend payout ratio is 12.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Entropy Technologies LP lifted its stake in shares of Axis Capital by 31.4% in the 1st quarter. Entropy Technologies LP now owns 53,905 shares of the insurance provider’s stock valued at $5,467,000 after purchasing an additional 12,896 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Axis Capital by 1,102.3% during the 1st quarter. Hsbc Holdings PLC now owns 65,575 shares of the insurance provider’s stock worth $6,636,000 after purchasing an additional 60,121 shares during the period. California State Teachers Retirement System grew its holdings in shares of Axis Capital by 25.7% during the 1st quarter. California State Teachers Retirement System now owns 92,474 shares of the insurance provider’s stock worth $9,378,000 after purchasing an additional 18,934 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Axis Capital by 160.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 83,126 shares of the insurance provider’s stock worth $8,430,000 after purchasing an additional 51,201 shares during the last quarter. Finally, Capula Management Ltd acquired a new stake in shares of Axis Capital during the 1st quarter worth about $3,010,000. 93.44% of the stock is currently owned by institutional investors.

About Axis Capital

(Get Free Report)

Axis Capital Holdings Limited (NYSE: AXS) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides coverage and risk-management solutions for businesses, institutions and other insurers facing complex or difficult-to-place risks.

AXIS offers a range of commercial property and casualty insurance products, including professional liability, cyber, marine, aviation, energy, environmental, political risk, credit and surety, and accident and health coverage.

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