Brokerages Set AXIS Capital Holdings Limited (NYSE:AXS) Target Price at $92.86

Shares of AXIS Capital Holdings Limited (NYSE:AXS) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $92.86.

AXS has been the topic of several recent research reports. Bank of America lifted their price target on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on shares of AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Roth Mkm lifted their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group lifted their price objective on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th.

AXIS Capital Trading Down 1.8 %

AXIS Capital stock opened at $79.74 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.27 and a beta of 0.89. AXIS Capital has a 1 year low of $52.90 and a 1 year high of $83.19. The firm’s 50 day moving average price is $79.01 and its two-hundred day moving average price is $72.92.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.41. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.49 billion. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 earnings per share. On average, research analysts predict that AXIS Capital will post 10.72 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital’s payout ratio is presently 26.91%.

Institutional Investors Weigh In On AXIS Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of AXIS Capital by 55.6% in the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 165 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 226 shares during the last quarter. Covestor Ltd lifted its position in AXIS Capital by 45.9% during the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 185 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in AXIS Capital by 32.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 148 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in AXIS Capital by 424.6% during the 3rd quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 985 shares during 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.