Axis Capital Holdings Ltd. (NYSE:AXS) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock. Eight research analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $58.67.
Several analysts recently issued reports on AXS shares. Morgan Stanley increased their price target on shares of Axis Capital Holdings from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Zacks Investment Research raised shares of Axis Capital Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Axis Capital Holdings in a research note on Tuesday, June 21st.
Axis Capital Holdings (NYSE:AXS) opened at 55.85 on Friday. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 9.91 and a beta of 0.74. Axis Capital Holdings has a one year low of $51.01 and a one year high of $57.98. The stock has a 50 day moving average of $55.55 and a 200 day moving average of $54.73.
Axis Capital Holdings (NYSE:AXS) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.19. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $983.53 million. Axis Capital Holdings had a net margin of 14.19% and a return on equity of 6.44%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Equities research analysts predict that Axis Capital Holdings will post $3.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.51%. This is an increase from Axis Capital Holdings’s previous quarterly dividend of $0.29. Axis Capital Holdings’s dividend payout ratio (DPR) is presently 25.04%.
In other news, EVP Richard T. Gieryn, Jr. sold 10,400 shares of the firm’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $56.15, for a total transaction of $583,960.00. Following the completion of the transaction, the executive vice president now owns 15,958 shares of the company’s stock, valued at $896,041.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new position in Axis Capital Holdings during the second quarter valued at about $38,074,000. Renaissance Technologies LLC increased its position in Axis Capital Holdings by 283.1% in the first quarter. Renaissance Technologies LLC now owns 771,876 shares of the company’s stock valued at $42,808,000 after buying an additional 570,376 shares during the last quarter. BlackRock Fund Advisors increased its position in Axis Capital Holdings by 27.8% in the second quarter. BlackRock Fund Advisors now owns 2,553,456 shares of the company’s stock valued at $140,440,000 after buying an additional 555,980 shares during the last quarter. Bank of Montreal Can acquired a new position in Axis Capital Holdings during the second quarter valued at about $30,128,000. Finally, UBS Asset Management Americas Inc. increased its position in Axis Capital Holdings by 93.5% in the second quarter. UBS Asset Management Americas Inc. now owns 923,239 shares of the company’s stock valued at $50,778,000 after buying an additional 445,994 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.