Brokerages Set AXIS Capital Holdings Limited (NYSE:AXS) PT at $98.71

Shares of AXIS Capital Holdings Limited (NYSE:AXSGet Free Report) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $100.71.

AXS has been the subject of several recent research reports. UBS Group raised their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company raised shares of AXIS Capital from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $78.00 to $89.00 in a research note on Wednesday, December 11th. TD Cowen upped their target price on AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Bank of America raised their price target on AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price objective on AXIS Capital from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday.

View Our Latest Research Report on AXS

AXIS Capital Price Performance

Shares of NYSE:AXS opened at $85.59 on Monday. AXIS Capital has a 12 month low of $53.88 and a 12 month high of $94.89. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.31 and a beta of 0.95. The business’s 50 day simple moving average is $88.65 and its 200-day simple moving average is $80.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60.

AXIS Capital (NYSE:AXSGet Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 19.24% and a net margin of 10.82%. During the same quarter in the prior year, the company earned $2.34 earnings per share. As a group, equities analysts forecast that AXIS Capital will post 10.83 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.76 annualized dividend and a yield of 2.06%. AXIS Capital’s dividend payout ratio (DPR) is presently 24.41%.

Institutional Investors Weigh In On AXIS Capital

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its holdings in shares of AXIS Capital by 48.6% in the 3rd quarter. Franklin Resources Inc. now owns 371,557 shares of the insurance provider’s stock valued at $30,070,000 after purchasing an additional 121,437 shares during the last quarter. Verition Fund Management LLC acquired a new position in AXIS Capital in the third quarter valued at $453,000. HighTower Advisors LLC purchased a new stake in AXIS Capital during the third quarter valued at about $638,000. Entropy Technologies LP acquired a new stake in AXIS Capital during the third quarter worth about $507,000. Finally, Jennison Associates LLC raised its holdings in shares of AXIS Capital by 24.4% in the 3rd quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider’s stock worth $129,371,000 after purchasing an additional 318,784 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for AXIS Capital (NYSE:AXS)

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