News headlines about Axis Capital (NYSE:AXS) have been trending somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Axis Capital earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 46.6621712512069 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

AXS has been the topic of a number of research reports. Bank of America decreased their target price on shares of Axis Capital from $73.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. TheStreet lowered shares of Axis Capital from a “b-” rating to a “c” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Axis Capital from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine lowered shares of Axis Capital from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Buckingham Research began coverage on shares of Axis Capital in a research report on Monday, September 11th. They set a “neutral” rating and a $58.00 price target on the stock. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Axis Capital currently has an average rating of “Hold” and a consensus target price of $61.45.

Axis Capital (NYSE:AXS) traded down $0.10 during mid-day trading on Tuesday, hitting $50.20. 1,175,727 shares of the stock traded hands, compared to its average volume of 566,643. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.51 and a current ratio of 0.51. Axis Capital has a 1 year low of $49.61 and a 1 year high of $71.06.

Axis Capital (NYSE:AXS) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.34) by ($0.01). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $972.10 million. Axis Capital had a negative net margin of 4.55% and a negative return on equity of 2.59%. During the same period in the previous year, the firm posted $1.78 EPS. analysts forecast that Axis Capital will post -2.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Axis Capital’s previous quarterly dividend of $0.38. Axis Capital’s payout ratio is presently -49.51%.

In related news, EVP Conrad D. Brooks sold 7,500 shares of Axis Capital stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.31, for a total value of $392,325.00. Following the completion of the sale, the executive vice president now owns 6,027 shares in the company, valued at approximately $315,272.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.89% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Axis Capital (NYSE:AXS)

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