AXIS Capital (NYSE:AXS - Free Report) had its price target hoisted by Keefe, Bruyette & Woods from $118.00 to $120.00 in a research report report published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider's stock.
AXS has been the subject of several other reports. BMO Capital Markets initiated coverage on shares of AXIS Capital in a report on Monday, January 13th. They set a "market perform" rating and a $93.00 target price for the company. Wells Fargo & Company cut their price objective on AXIS Capital from $89.00 to $85.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. JMP Securities reiterated a "market perform" rating on shares of AXIS Capital in a report on Monday, February 3rd. Finally, StockNews.com raised AXIS Capital from a "hold" rating to a "buy" rating in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.50.
Get Our Latest Analysis on AXS
AXIS Capital Price Performance
AXS traded up $0.06 on Friday, hitting $100.30. 223,901 shares of the company were exchanged, compared to its average volume of 599,633. AXIS Capital has a fifty-two week low of $60.45 and a fifty-two week high of $101.42. 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 firm has a market capitalization of $8.10 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 3.96 and a beta of 0.91. The business's fifty day moving average is $93.20 and its 200 day moving average is $88.08.
AXIS Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. As a group, sell-side analysts anticipate that AXIS Capital will post 11.19 EPS for the current year.
AXIS Capital Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, March 31st. AXIS Capital's dividend payout ratio (DPR) is presently 14.25%.
Insider Transactions at AXIS Capital
In other news, Director Charles A. Davis sold 2,139,037 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the transaction, the director now directly owns 2,404,133 shares of the company's stock, valued at approximately $224,786,435.50. The trade was a 47.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new stake in AXIS Capital in the third quarter valued at $40,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of AXIS Capital in the 4th quarter worth approximately $53,000. Versant Capital Management Inc boosted its stake in AXIS Capital by 24.0% during the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of AXIS Capital by 73.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock valued at $59,000 after buying an additional 285 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in AXIS Capital in the 4th quarter valued at about $60,000. 93.44% of the stock is currently owned by institutional investors.
About AXIS Capital
(
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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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