Axis Capital Holdings Limited (NYSE:AXS) had its price target reduced by MKM Partners from $80.00 to $70.00 in a research note published on Wednesday. MKM Partners currently has a buy rating on the insurance provider’s stock.

Other research analysts also recently issued research reports about the company. Buckingham Research began coverage on Axis Capital Holdings Limited in a research note on Monday, September 11th. They issued a neutral rating and a $58.00 price objective on the stock. Citigroup Inc. raised their price objective on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the stock a sell rating in a research note on Thursday, July 13th. ValuEngine downgraded Axis Capital Holdings Limited from a buy rating to a hold rating in a research note on Thursday, September 7th. Wells Fargo & Company reaffirmed a sell rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $70.00 price objective (up previously from $68.00) on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $63.10.

Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at 57.04 on Wednesday. The company has a 50-day moving average price of $56.98 and a 200 day moving average price of $62.73. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 12.59 and a beta of 0.59. Axis Capital Holdings Limited has a one year low of $52.15 and a one year high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 EPS 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 firm had revenue of $956.02 million for the quarter, compared to the consensus estimate of $989.95 million. During the same quarter last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities research analysts expect that Axis Capital Holdings Limited will post ($1.81) earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 9th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, October 5th. This represents a $1.52 annualized dividend and a dividend yield of 2.66%. This is a boost from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is currently 33.70%.

Several large investors have recently added to or reduced their stakes in AXS. Karp Capital Management Corp purchased a new stake in shares of Axis Capital Holdings Limited during the first quarter worth about $295,000. Ameriprise Financial Inc. grew its position in shares of Axis Capital Holdings Limited by 19.5% during the first quarter. Ameriprise Financial Inc. now owns 27,329 shares of the insurance provider’s stock worth $1,834,000 after purchasing an additional 4,451 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of Axis Capital Holdings Limited during the first quarter worth about $462,000. SG Americas Securities LLC grew its position in shares of Axis Capital Holdings Limited by 25.1% during the first quarter. SG Americas Securities LLC now owns 8,382 shares of the insurance provider’s stock worth $562,000 after purchasing an additional 1,681 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Axis Capital Holdings Limited by 56.4% during the first quarter. Principal Financial Group Inc. now owns 18,773 shares of the insurance provider’s stock worth $1,258,000 after purchasing an additional 6,767 shares in the last quarter. Hedge funds and other institutional investors own 86.08% of the company’s stock.

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.

Analyst Recommendations for Axis Capital Holdings Limited (NYSE:AXS)

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