Axis Capital Holdings Limited (NYSE:AXS) Receives $124.00 Consensus Target Price from Analysts

Axis Capital Holdings Limited (NYSE:AXS) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $124.00.

A number of research firms recently commented on AXS. Royal Bank Of Canada upped their price target on shares of Axis Capital from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 30th. UBS Group restated a “buy” rating on shares of Axis Capital in a research report on Monday, February 2nd. Compass Point set a $121.00 target price on shares of Axis Capital in a report on Monday, November 24th. Weiss Ratings cut Axis Capital from a “buy (a-)” rating to a “buy (b)” rating in a research note on Thursday, January 22nd. Finally, Bank of America lowered their price target on Axis Capital from $119.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Activest Wealth Management purchased a new stake in shares of Axis Capital in the 4th quarter worth about $30,000. Smithfield Trust Co raised its stake in Axis Capital by 94.0% in the second quarter. Smithfield Trust Co now owns 293 shares of the insurance provider’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Root Financial Partners LLC bought a new position in Axis Capital in the third quarter worth about $29,000. AlphaCore Capital LLC purchased a new stake in Axis Capital in the second quarter worth about $37,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Axis Capital during the 2nd quarter valued at approximately $41,000. 93.44% of the stock is currently owned by institutional investors.

Axis Capital Trading Up 0.6%

Shares of AXS stock opened at $101.75 on Tuesday. The business has a 50-day moving average of $104.23 and a 200 day moving average of $99.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.67 and a quick ratio of 0.67. Axis Capital has a 1-year low of $84.81 and a 1-year high of $110.34. The stock has a market capitalization of $7.84 billion, a PE ratio of 8.21, a P/E/G ratio of 3.04 and a beta of 0.63.

Axis Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, January 28th. The insurance provider reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.28. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.33 billion. Axis Capital had a return on equity of 18.90% and a net margin of 15.37%.The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.38 earnings per share. As a group, sell-side analysts anticipate that Axis Capital will post 11.19 earnings per share for the current year.

Axis Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, December 31st. Axis Capital’s dividend payout ratio is currently 14.21%.

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.