Somewhat Positive Press Coverage Somewhat Unlikely to Impact Axis Capital Holdings Limited (AXS) Share Price
Media headlines about Axis Capital Holdings Limited (NYSE:AXS) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Axis Capital Holdings Limited earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 46.329732337609 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- AXIS Capital Holdings Ltd. :AXS-US: Earnings Analysis: Q2, 2017 By the Numbers : August 21, 2017 (finance.yahoo.com)
- Keefe, Bruyette & Woods Reiterates Hold Rating for Axis Capital Holdings Limited (AXS) (americanbankingnews.com)
- Axis Capital Holdings Limited (AXS) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Shares of Axis Capital Holdings Limited (NYSE:AXS) traded up 1.52% during midday trading on Tuesday, reaching $64.02. The company’s stock had a trading volume of 348,498 shares. Axis Capital Holdings Limited has a 52 week low of $53.66 and a 52 week high of $71.06. The stock has a market capitalization of $5.32 billion, a PE ratio of 14.13 and a beta of 0.60. The company has a 50 day moving average price of $64.31 and a 200-day moving average price of $65.83.
Axis Capital Holdings Limited (NYSE:AXS) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.12. The firm had revenue of $956.02 million for the quarter, compared to analyst estimates of $989.95 million. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. Axis Capital Holdings Limited’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. On average, equities research analysts expect that Axis Capital Holdings Limited will post $4.01 EPS for the current year.
Several brokerages have recently issued reports on AXS. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $67.00 target price on shares of Axis Capital Holdings Limited in a report on Friday. Zacks Investment Research cut Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Wells Fargo & Company reaffirmed a “sell” rating on shares of Axis Capital Holdings Limited in a report on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 target price (up from $68.00) on shares of Axis Capital Holdings Limited in a report on Thursday, July 6th. Finally, Citigroup Inc. lifted their target price on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the stock a “sell” rating in a report on Thursday, July 13th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Axis Capital Holdings Limited has a consensus rating of “Hold” and an average price target of $67.11.
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Axis Capital Holdings Limited 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.
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