Axis Capital Holdings Ltd. (NYSE:AXS) was downgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a report issued on Tuesday.

A number of other research analysts also recently commented on the company. Zacks Investment Research raised Axis Capital Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Morgan Stanley boosted their price target on Axis Capital Holdings from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.75.

Analyst Recommendations for Axis Capital Holdings (NYSE:AXS)

Axis Capital Holdings (NYSE:AXS) opened at 61.08 on Tuesday. The stock has a 50 day moving average of $57.07 and a 200 day moving average of $55.34. Axis Capital Holdings has a 52 week low of $51.01 and a 52 week high of $62.71. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 12.21 and a beta of 0.47.

Axis Capital Holdings (NYSE:AXS) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.73. The business earned $595.43 million during the quarter, compared to the consensus estimate of $710.69 million. Axis Capital Holdings had a return on equity of 8.62% and a net margin of 12.81%. Axis Capital Holdings’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities research analysts predict that Axis Capital Holdings will post $4.22 earnings per share for the current fiscal year.

In other news, EVP Richard T. Gieryn, Jr. sold 10,400 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $56.15, for a total value of $583,960.00. Following the completion of the transaction, the executive vice president now owns 15,958 shares of the company’s stock, valued at $896,041.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Butt sold 40,673 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $57.01, for a total value of $2,318,767.73. Following the completion of the transaction, the director now directly owns 1,161,675 shares of the company’s stock, valued at approximately $66,227,091.75. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Axis Capital Holdings by 1.1% in the first quarter. Geode Capital Management LLC now owns 654,138 shares of the company’s stock valued at $36,258,000 after buying an additional 6,895 shares in the last quarter. Barclays PLC increased its position in Axis Capital Holdings by 131.3% in the first quarter. Barclays PLC now owns 27,752 shares of the company’s stock valued at $1,527,000 after buying an additional 15,753 shares in the last quarter. BlueMountain Capital Management LLC increased its position in Axis Capital Holdings by 44.1% in the first quarter. BlueMountain Capital Management LLC now owns 16,439 shares of the company’s stock valued at $912,000 after buying an additional 5,034 shares in the last quarter. CenturyLink Investment Management Co increased its position in Axis Capital Holdings by 70.0% in the second quarter. CenturyLink Investment Management Co now owns 7,246 shares of the company’s stock valued at $399,000 after buying an additional 2,984 shares in the last quarter. Finally, British Columbia Investment Management Corp increased its position in Axis Capital Holdings by 70.1% in the second quarter. British Columbia Investment Management Corp now owns 103,526 shares of the company’s stock valued at $5,694,000 after buying an additional 42,665 shares in the last quarter. 90.57% of the stock is owned by institutional investors.

Axis Capital Holdings Company Profile

AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re.

5 Day Chart for NYSE:AXS

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