Axis Capital Holdings Limited (AXS) Earns Daily Coverage Optimism Score of 0.08
Media headlines about Axis Capital Holdings Limited (NYSE:AXS) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Axis Capital Holdings Limited earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 46.6324485433012 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Axis Capital Holdings Limited (AXS) Lowered to “Sell” at ValuEngine (americanbankingnews.com)
- AXIS Capital to Release Third Quarter Financial Results on October 25, 2017 (finance.yahoo.com)
- AXIS Capital Adds Novae Group, Ramps up Lloyd's Presence (finance.yahoo.com)
- Axis Capital Holdings Limited (AXS) Short Interest Update (americanbankingnews.com)
- Is AXIS Capital Holdings Limited (AXS) A Buy At Its Current Price? (finance.yahoo.com)
A number of equities analysts recently weighed in on the stock. Citigroup Inc. lowered their target price on shares of Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. UBS AG lowered their target price on shares of Axis Capital Holdings Limited from $57.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. ValuEngine downgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a report on Friday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $67.00 target price on shares of Axis Capital Holdings Limited in a report on Friday, August 18th. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $63.78.
Axis Capital Holdings Limited (NYSE:AXS) opened at 56.11 on Monday. The company’s 50-day moving average is $58.51 and its 200-day moving average is $63.45. Axis Capital Holdings Limited has a one year low of $52.15 and a one year high of $71.06. The firm has a market capitalization of $4.67 billion, a P/E ratio of 12.38 and a beta of 0.59.
Axis Capital Holdings Limited (NYSE:AXS) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.12. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The company had revenue of $956.02 million during the quarter, compared to analyst estimates of $989.95 million. During the same quarter last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts forecast that Axis Capital Holdings Limited will post $0.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 9th will be issued a $0.38 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.52 annualized dividend and a yield of 2.71%. This is a positive change from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is 33.70%.
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About Axis Capital Holdings Limited
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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