Shares of Axis Capital Holdings Limited (NYSE:AXS) hit a new 52-week low on Tuesday . The company traded as low as $50.30 and last traded at $51.16, with a volume of 777100 shares. The stock had previously closed at $51.64.

A number of brokerages have weighed in on AXS. Buckingham Research began coverage on shares of Axis Capital in a report on Monday, September 11th. They set a “neutral” rating and a $58.00 target price on the stock. ValuEngine cut shares of Axis Capital from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Citigroup raised shares of Axis Capital from a “sell” rating to a “neutral” rating and set a $59.00 target price on the stock in a report on Monday, September 11th. UBS dropped their price objective on shares of Axis Capital from $57.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Axis Capital from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $61.45.

The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21.

Axis Capital (NYSE:AXS) last released its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($5.34) by ($0.01). Axis Capital had a negative return on equity of 2.59% and a negative net margin of 4.55%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $972.10 million. During the same period last year, the business earned $1.78 EPS. analysts predict that Axis Capital Holdings Limited will post -2.2 EPS for the current year.

In other Axis Capital news, EVP Conrad D. Brooks sold 7,500 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.31, for a total transaction of $392,325.00. Following the transaction, the executive vice president now owns 6,027 shares of the company’s stock, valued at approximately $315,272.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.89% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC acquired a new position in Axis Capital during the 3rd quarter valued at about $1,513,000. California Public Employees Retirement System increased its stake in Axis Capital by 4.2% during the 3rd quarter. California Public Employees Retirement System now owns 333,652 shares of the insurance provider’s stock valued at $19,122,000 after buying an additional 13,407 shares during the period. Crestline Management LP acquired a new position in Axis Capital during the 3rd quarter valued at about $703,000. Cornerstone Capital Management Holdings LLC. increased its stake in Axis Capital by 206.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 75,921 shares of the insurance provider’s stock valued at $4,351,000 after buying an additional 51,180 shares during the period. Finally, Accident Compensation Corp increased its stake in Axis Capital by 150.8% during the 3rd quarter. Accident Compensation Corp now owns 43,479 shares of the insurance provider’s stock valued at $2,492,000 after buying an additional 26,141 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

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Axis Capital Company Profile

AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.

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