Weekly Research Analysts’ Ratings Updates for Axis Capital Holdings Limited (AXS)

Axis Capital Holdings Limited (NYSE: AXS) has recently received a number of price target changes and ratings updates:

  • 10/31/2017 – Axis Capital Holdings Limited had its price target lowered by analysts at Morgan Stanley from $70.00 to $61.00. They now have an “equal weight” rating on the stock.
  • 10/26/2017 – Axis Capital Holdings Limited was given a new $54.00 price target on by analysts at Wells Fargo & Company. They now have a “sell” rating on the stock.
  • 10/25/2017 – Axis Capital Holdings Limited was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 10/18/2017 – Axis Capital Holdings Limited had its price target lowered by analysts at MKM Partners from $80.00 to $70.00. They now have a “buy” rating on the stock.
  • 10/13/2017 – Axis Capital Holdings Limited had its price target lowered by analysts at Bank of America Corporation from $73.00 to $67.00. They now have a “buy” rating on the stock.
  • 10/6/2017 – Axis Capital Holdings Limited was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/2/2017 – Axis Capital Holdings Limited had its price target lowered by analysts at UBS AG from $57.00 to $55.00. They now have a “sell” rating on the stock.
  • 10/2/2017 – Axis Capital Holdings Limited had its price target lowered by analysts at Citigroup Inc. from $59.00 to $58.00. They now have a “neutral” rating on the stock.
  • 9/26/2017 – Axis Capital Holdings Limited was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Stiff competition in the reinsurance industry, slowing growth and lowering profitability along with escalating expenses eating into margins remain concerns for AXIS Capital. Also, shares of AXIS Capital have underperformed the industry in a year’s time. However, Axis Capital continues to build on its Specialty Insurance, Reinsurance, Accident and Health to pave way for long-term growth. It remains focused on deploying resources prudently, enhancing efficiencies and better serving clients and brokers across the globe. It has also been improving its portfolio mix and underwriting profitability apart from strengthening the casualty and professional lines in the insurance segment. Its inorganic growth story remains impressive with strategic buyouts. In its recent endeavor, the company even raised the offer price to buy Novae Group as the same will place AXIS Capital as one of the top ten insurers at Lloyds. “
  • 9/19/2017 – Axis Capital Holdings Limited had its price target lowered by analysts at UBS AG from $62.00 to $57.00. They now have a “sell” rating on the stock.
  • 9/11/2017 – Axis Capital Holdings Limited was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating. They now have a $59.00 price target on the stock.
  • 9/11/2017 – Axis Capital Holdings Limited is now covered by analysts at Buckingham Research. They set a “neutral” rating and a $58.00 price target on the stock.
  • 9/7/2017 – Axis Capital Holdings Limited was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of Axis Capital Holdings Limited (AXS) traded up 0.17% during midday trading on Wednesday, hitting $54.48. 140,640 shares of the company were exchanged. The company’s 50 day moving average price is $56.76 and its 200 day moving average price is $62.15. The firm has a market cap of $4.53 billion, a P/E ratio of 12.02 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 announced its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) EPS for the quarter, missing the consensus estimate of ($5.34) by ($0.01). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $972.10 million. Axis Capital Holdings Limited had a negative return on equity of 2.54% and a negative net margin of 4.55%. During the same quarter in the previous year, the company posted $1.78 EPS. Equities analysts expect that Axis Capital Holdings Limited will post ($2.21) EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 9th were paid a $0.38 dividend. This is a positive change from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, October 5th. This represents a $1.52 annualized dividend and a yield of 2.79%. Axis Capital Holdings Limited’s dividend payout ratio is presently -49.67%.

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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