Brokerages Set Axis Capital Holdings Limited (NYSE:AXS) PT at $121.23

Shares of Axis Capital Holdings Limited (NYSE:AXS) have been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $121.2308.

AXS has been the topic of a number of recent research reports. Atlantic Securities set a $122.00 price target on shares of Axis Capital in a research note on Wednesday, July 15th. Capital One Financial set a $108.00 price objective on shares of Axis Capital in a research note on Wednesday, July 29th. Weiss Ratings downgraded shares of Axis Capital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, August 18th. UBS Group decreased their target price on shares of Axis Capital from $131.00 to $126.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Zacks Research cut shares of Axis Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th.

Axis Capital Trading Down 0.1%

Axis Capital stock opened at $99.70 on Friday. The business has a 50 day moving average price of $106.87 and a two-hundred day moving average price of $102.88. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.26. Axis Capital has a 12 month low of $88.07 and a 12 month high of $119.99. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 4.35 and a beta of 0.49.

Axis Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, July 29th. The insurance provider reported $2.84 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.41). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Axis Capital had a return on equity of 17.00% and a net margin of 16.23%.Axis Capital’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 EPS. As a group, equities analysts forecast that Axis Capital will post 12.39 EPS for the current year.

Institutional Investors Weigh In On Axis Capital

Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in Axis Capital by 9,953.8% in the second quarter. California State Teachers Retirement System now owns 9,297,106 shares of the insurance provider’s stock valued at $998,881,000 after buying an additional 9,204,632 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Axis Capital by 30.9% during the fourth quarter. AQR Capital Management LLC now owns 4,592,270 shares of the insurance provider’s stock worth $491,786,000 after buying an additional 1,083,579 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Axis Capital by 8.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,682,238 shares of the insurance provider’s stock worth $373,412,000 after buying an additional 299,573 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Axis Capital by 1.2% in the first quarter. Janus Henderson Group PLC now owns 1,710,902 shares of the insurance provider’s stock valued at $173,504,000 after acquiring an additional 21,001 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Axis Capital by 1.0% in the second quarter. State Street Corp now owns 1,631,198 shares of the insurance provider’s stock valued at $170,069,000 after acquiring an additional 15,755 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

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.