AXIS Capital Holdings Limited (NYSE:AXS) Receives $95.86 Consensus Price Target from Brokerages

Shares of AXIS Capital Holdings Limited (NYSE:AXS) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $95.86.

A number of research firms have recently weighed in on AXS. TD Cowen assumed coverage on AXIS Capital in a research report on Friday, October 4th. They set a “buy” rating and a $118.00 target price for the company. UBS Group boosted their price objective on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price target on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th.

AXIS Capital Stock Performance

Shares of NYSE:AXS opened at $85.38 on Friday. The business has a fifty day moving average of $80.79 and a 200-day moving average of $75.50. The firm has a market cap of $7.14 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. AXIS Capital has a twelve month low of $53.49 and a twelve month high of $86.92.

AXIS Capital (NYSE:AXS) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.16. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same period in the prior year, the business earned $2.34 earnings per share. On average, equities research analysts predict that AXIS Capital will post 10.89 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 2.06%. AXIS Capital’s dividend payout ratio (DPR) is presently 24.41%.

Hedge Funds Weigh In On AXIS Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in AXIS Capital in the first quarter valued at about $683,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of AXIS Capital in the 1st quarter valued at approximately $328,000. Empowered Funds LLC bought a new stake in AXIS Capital during the 1st quarter worth approximately $205,000. State Board of Administration of Florida Retirement System raised its holdings in AXIS Capital by 4.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 100,737 shares of the insurance provider’s stock worth $6,550,000 after buying an additional 4,703 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in AXIS Capital by 40.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,747 shares of the insurance provider’s stock valued at $894,000 after buying an additional 3,970 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.