Shares of AXIS Capital Holdings Limited (NYSE:AXS - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $94.89 and last traded at $94.07, with a volume of 229751 shares changing hands. The stock had previously closed at $91.85.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on AXS. Jefferies Financial Group raised their price target on AXIS Capital from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. UBS Group upped their price target 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. TD Cowen lifted their price objective on AXIS Capital from $118.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Bank of America increased their target price on AXIS Capital from $81.00 to $96.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $94.00 to $96.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, AXIS Capital has a consensus rating of "Moderate Buy" and an average target price of $98.71.
View Our Latest Report on AXS
AXIS Capital Price Performance
The company has a market cap of $7.74 billion, a PE ratio of 12.83, a P/E/G ratio of 0.31 and a beta of 0.94. The company has a 50-day moving average price of $85.59 and a two-hundred day moving average price of $78.27. 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:AXS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.16. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate 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 business posted $2.34 earnings per share. Sell-side analysts expect that AXIS Capital Holdings Limited will post 10.83 earnings per share for the current fiscal year.
AXIS Capital Announces Dividend
The company also recently declared 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. This represents a $1.76 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Tuesday, December 31st. AXIS Capital's dividend payout ratio is currently 24.41%.
Institutional Investors Weigh In On AXIS Capital
A number of institutional investors have recently modified their holdings of AXS. True Wealth Design LLC acquired a new stake in AXIS Capital in the 3rd quarter valued at approximately $40,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of AXIS Capital by 32.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 148 shares during the period. Blue Trust Inc. raised its stake in shares of AXIS Capital by 424.6% during the third quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider's stock valued at $97,000 after purchasing an additional 985 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in AXIS Capital in the third quarter worth about $99,000. Finally, GAMMA Investing LLC grew its position in AXIS Capital by 158.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,308 shares of the insurance provider's stock valued at $104,000 after buying an additional 801 shares in the last quarter. Institutional investors own 93.44% of the company's stock.
AXIS Capital Company Profile
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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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