Brokerages Set Axis Capital Holdings Limited (NYSE:AXS) Target Price at $115.75

by · The Cerbat Gem

Axis Capital Holdings Limited (NYSE:AXS – Get Free Report) has been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $115.75.

A number of research firms have weighed in on AXS. Wells Fargo & Company set a $123.00 target price on Axis Capital and gave the company an “overweight” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axis Capital in a research note on Monday. The Goldman Sachs Group started coverage on shares of Axis Capital in a research note on Tuesday, October 14th. They issued a “neutral” rating and a $104.00 target price on the stock. UBS Group raised their price target on shares of Axis Capital from $119.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada initiated coverage on shares of Axis Capital in a report on Monday, November 24th. They issued an “outperform” rating and a $125.00 price target on the stock.

View Our Latest Analysis on Axis Capital

Institutional Trading of Axis Capital

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Axis Capital by 0.6% in the third quarter. Vanguard Group Inc. now owns 7,954,373 shares of the insurance provider’s stock worth $762,029,000 after purchasing an additional 43,901 shares during the last quarter. AQR Capital Management LLC grew its stake in Axis Capital by 12.9% in the 2nd quarter. AQR Capital Management LLC now owns 3,716,201 shares of the insurance provider’s stock worth $383,698,000 after buying an additional 425,790 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Axis Capital by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,318,914 shares of the insurance provider’s stock worth $317,945,000 after buying an additional 74,567 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Axis Capital by 95.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,852,398 shares of the insurance provider’s stock valued at $185,685,000 after buying an additional 903,107 shares in the last quarter. Finally, Altrinsic Global Advisors LLC raised its position in shares of Axis Capital by 47.7% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,817,204 shares of the insurance provider’s stock valued at $188,662,000 after buying an additional 586,576 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Axis Capital Trading Down 1.9%

NYSE:AXS opened at $99.63 on Thursday. Axis Capital has a 1 year low of $83.90 and a 1 year high of $107.19. The stock’s fifty day moving average price is $96.80 and its two-hundred day moving average price is $98.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $7.68 billion, a P/E ratio of 8.23, a P/E/G ratio of 0.99 and a beta of 0.65.

Axis Capital (NYSE:AXS – Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.53. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Axis Capital had a return on equity of 18.99% and a net margin of 16.08%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.71 earnings per share. As a group, analysts expect that Axis Capital will post 11.19 EPS for the current year.

Axis Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, September 30th. Axis Capital’s payout ratio is presently 14.55%.

Axis Capital Company Profile

(Get Free Report)

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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