Brokerages Set AXIS Capital Holdings Limited (NYSE:AXS) Target Price at $99.88

Shares of AXIS Capital Holdings Limited (NYSE:AXS) have received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $99.88.

AXS has been the subject of a number of research reports. BMO Capital Markets initiated coverage on AXIS Capital in a report on Monday, January 13th. They set a “market perform” rating and a $93.00 target price for the company. TD Cowen boosted their price target on AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. UBS Group boosted their price target on AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, StockNews.com raised AXIS Capital from a “hold” rating to a “buy” rating in a report on Tuesday.

Insider Activity

In other news, Director Charles A. Davis sold 2,234,636 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $89.50, for a total value of $199,999,922.00. Following the completion of the sale, the director now directly owns 4,543,170 shares in the company, valued at $406,613,715. The trade was a 32.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

Institutional Trading of AXIS Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. True Wealth Design LLC purchased a new stake in shares of AXIS Capital during the third quarter worth approximately $40,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of AXIS Capital during the fourth quarter worth approximately $53,000. Versant Capital Management Inc increased its position in shares of AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of AXIS Capital by 73.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 285 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of AXIS Capital during the fourth quarter worth approximately $60,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

AXIS Capital Trading Up 0.6 %

AXIS Capital stock opened at $97.50 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital has a 52 week low of $60.06 and a 52 week high of $98.11. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 3.96 and a beta of 0.95. The stock has a 50-day moving average price of $90.38 and a 200 day moving average price of $85.36.

AXIS Capital (NYSE:AXS) last released its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. Sell-side analysts anticipate that AXIS Capital will post 11.19 EPS for the current year.

AXIS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Monday, March 31st. AXIS Capital’s dividend payout ratio (DPR) is presently 14.25%.

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.