AXIS Capital (NYSE:AXS) Earns Market Perform Rating from JMP Securities

AXIS Capital (NYSE:AXS)‘s stock had its “market perform” rating reaffirmed by equities researchers at JMP Securities in a report released on Monday,Benzinga reports.

A number of other brokerages also recently commented on AXS. BMO Capital Markets initiated coverage on shares of AXIS Capital in a research report on Monday, January 13th. They issued a “market perform” rating and a $93.00 price objective on the stock. TD Cowen increased their target price on AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. StockNews.com downgraded AXIS Capital from a “buy” rating to a “hold” rating in a report on Friday, January 31st. UBS Group increased their price objective on AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group boosted their target price on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.25.

AXIS Capital Trading Up 0.2 %

Shares of AXS stock opened at $90.37 on Monday. The stock has a market capitalization of $7.56 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 3.87 and a beta of 0.95. AXIS Capital has a fifty-two week low of $56.93 and a fifty-two week high of $94.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The company has a 50 day moving average price of $90.06 and a 200 day moving average price of $82.88.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. Equities research analysts predict that AXIS Capital will post 11.36 EPS for the current fiscal year.

Insider Activity at AXIS Capital

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 transaction of $199,999,922.00. Following the sale, the director now owns 4,543,170 shares of the company’s stock, valued at $406,613,715. The trade was a 32.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On AXIS Capital

A number of large investors have recently added to or reduced their stakes in AXS. True Wealth Design LLC purchased a new position in AXIS Capital in the 3rd quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of AXIS Capital by 32.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock valued at $43,000 after buying an additional 148 shares during the last quarter. Versant Capital Management Inc lifted its stake 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 valued at $59,000 after buying an additional 130 shares during the period. Venturi Wealth Management LLC boosted its position in AXIS Capital by 28.5% during the fourth quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider’s stock worth $74,000 after acquiring an additional 185 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in AXIS Capital in the 4th quarter worth approximately $82,000. 93.44% of the stock is owned by institutional investors and hedge funds.

About AXIS Capital

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.