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

Shares of AXIS Capital Holdings Limited (NYSE:AXS - Get Free Report) have earned an average rating of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $92.86.

AXS has been the subject of several recent analyst reports. Jefferies Financial Group upped 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. TD Cowen started coverage on AXIS Capital in a research report on Friday, October 4th. They set a "buy" rating and a $118.00 price objective for the company. Bank of America lifted their target price on AXIS Capital from $81.00 to $96.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. UBS Group increased their target price on shares of AXIS Capital from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Tuesday, July 9th. Finally, Wells Fargo & Company lifted their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the company an "underweight" rating in a report on Thursday, October 10th.

Hedge Funds Weigh In On AXIS Capital

A number of hedge funds have recently modified their holdings of AXS. Toronto Dominion Bank acquired a new position in shares of AXIS Capital in the first quarter worth approximately $5,137,000. Foundry Partners LLC boosted its stake in shares of AXIS Capital by 35.6% in the 1st quarter. Foundry Partners LLC now owns 85,803 shares of the insurance provider's stock valued at $5,579,000 after purchasing an additional 22,540 shares during the last quarter. Vanguard Group Inc. increased its position in shares of AXIS Capital by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 8,707,110 shares of the insurance provider's stock worth $482,113,000 after buying an additional 75,085 shares during the period. Connecticut Wealth Management LLC bought a new position in AXIS Capital during the first quarter worth $838,000. Finally, Illinois Municipal Retirement Fund bought a new stake in AXIS Capital during the first quarter valued at $1,101,000. Institutional investors and hedge funds own 93.44% of the company's stock.

AXIS Capital Price Performance

Shares of AXS traded down $0.63 during trading hours on Wednesday, hitting $80.95. 299,695 shares of the company were exchanged, compared to its average volume of 578,824. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.30. AXIS Capital has a fifty-two week low of $52.90 and a fifty-two week high of $83.19. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 0.27 and a beta of 0.89. The firm's fifty day moving average is $78.78 and its 200 day moving average is $72.77.

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

AXIS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital's dividend payout ratio is currently 26.91%.

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.