Axis Capital Holdings Limited (NYSE:AXS) shares traded up 6.2% during trading on Monday . The company traded as high as $59.79 and last traded at $58.50. 1,420,635 shares changed hands during trading, an increase of 193% from the average session volume of 484,264 shares. The stock had previously closed at $55.11.

A number of research analysts have recently commented on the company. Buckingham Research assumed coverage on Axis Capital Holdings Limited in a research report on Monday. They set a “neutral” rating and a $58.00 target price for the company. Citigroup Inc. upgraded Axis Capital Holdings Limited from a “sell” rating to a “neutral” rating and set a $59.00 target price for the company in a research report on Monday. ValuEngine downgraded Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 target price on shares of Axis Capital Holdings Limited in a research report on Friday, August 18th. Finally, Wells Fargo & Company reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a research report on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.00.

The firm has a 50 day moving average price of $62.37 and a 200-day moving average price of $64.98. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 13.07 and a beta of 0.61.

Axis Capital Holdings Limited (NYSE:AXS) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.12. The firm had revenue of $956.02 million for the quarter, compared to the consensus estimate of $989.95 million. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Equities research analysts expect that Axis Capital Holdings Limited will post $3.95 EPS for the current year.

Several hedge funds have recently bought and sold shares of AXS. Blair William & Co. IL increased its holdings in Axis Capital Holdings Limited by 0.3% during the 2nd quarter. Blair William & Co. IL now owns 9,850 shares of the insurance provider’s stock worth $637,000 after purchasing an additional 33 shares during the period. M&T Bank Corp increased its holdings in Axis Capital Holdings Limited by 0.3% during the 2nd quarter. M&T Bank Corp now owns 13,137 shares of the insurance provider’s stock worth $849,000 after purchasing an additional 42 shares during the period. AMG Funds LLC increased its holdings in Axis Capital Holdings Limited by 0.4% during the 2nd quarter. AMG Funds LLC now owns 21,193 shares of the insurance provider’s stock worth $1,370,000 after purchasing an additional 82 shares during the period. Capstone Asset Management Co. increased its holdings in Axis Capital Holdings Limited by 2.9% during the 1st quarter. Capstone Asset Management Co. now owns 4,688 shares of the insurance provider’s stock worth $314,000 after purchasing an additional 130 shares during the period. Finally, TD Asset Management Inc. increased its holdings in Axis Capital Holdings Limited by 0.4% during the 1st quarter. TD Asset Management Inc. now owns 45,328 shares of the insurance provider’s stock worth $3,038,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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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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