Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Axis Capital (AXS) Share Price

News headlines about Axis Capital (NYSE:AXS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Axis Capital earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 47.1340438696624 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s rankings:

Axis Capital (NYSE AXS) traded down $0.02 during trading hours on Friday, hitting $49.11. The stock had a trading volume of 968,856 shares, compared to its average volume of 849,518. The firm has a market cap of $4,080.00, a P/E ratio of -16.00, a PEG ratio of 1.27 and a beta of 0.58. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21. Axis Capital has a fifty-two week low of $48.00 and a fifty-two week high of $71.06.

Axis Capital (NYSE:AXS) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($5.34) by ($0.01). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $972.10 million. Axis Capital had a negative return on equity of 2.59% and a negative net margin of 4.55%. During the same period last year, the firm earned $1.78 EPS. equities analysts forecast that Axis Capital will post -2.29 EPS 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 paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Thursday, December 28th. This is an increase from Axis Capital’s previous quarterly dividend of $0.38. Axis Capital’s payout ratio is -50.81%.

A number of equities research analysts have commented on AXS shares. UBS Group raised Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 target price for the company in a report on Thursday. Bank of America reduced their target price on Axis Capital from $73.00 to $67.00 and set a “buy” rating for the company in a report on Friday, October 13th. Zacks Investment Research raised Axis Capital from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. TheStreet downgraded Axis Capital from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Finally, ValuEngine downgraded Axis Capital from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $61.45.

In other news, EVP Conrad D. Brooks sold 7,500 shares of Axis Capital stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.31, for a total transaction of $392,325.00. Following the completion of the transaction, the executive vice president now owns 6,027 shares of the company’s stock, valued at approximately $315,272.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.89% of the company’s stock.

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About Axis Capital

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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