Shares of Axis Capital Holdings Limited (NYSE:AXS) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $65.25.

A number of brokerages recently issued reports on AXS. Zacks Investment Research raised shares of Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 target price on shares of Axis Capital Holdings Limited in a research report on Friday, June 2nd. Wells Fargo & Company restated a “sell” rating on shares of Axis Capital Holdings Limited in a research report on Thursday, July 6th. Morgan Stanley restated an “equal weight” rating and issued a $70.00 target price (up previously from $68.00) on shares of Axis Capital Holdings Limited in a research report on Thursday, July 6th. Finally, Citigroup Inc. raised their target price on shares of Axis Capital Holdings Limited from $60.00 to $61.00 and gave the company a “sell” rating in a research report on Thursday.

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A number of institutional investors have recently added to or reduced their stakes in AXS. Vanguard Group Inc. raised its position in Axis Capital Holdings Limited by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,151,654 shares of the insurance provider’s stock valued at $546,405,000 after buying an additional 234,043 shares during the last quarter. BlackRock Inc. raised its position in Axis Capital Holdings Limited by 3,740.9% in the first quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock valued at $451,855,000 after buying an additional 6,565,613 shares during the last quarter. State Street Corp raised its position in Axis Capital Holdings Limited by 2.6% in the first quarter. State Street Corp now owns 3,093,192 shares of the insurance provider’s stock valued at $207,334,000 after buying an additional 79,832 shares during the last quarter. LSV Asset Management raised its position in Axis Capital Holdings Limited by 0.6% in the first quarter. LSV Asset Management now owns 1,892,912 shares of the insurance provider’s stock valued at $126,881,000 after buying an additional 12,100 shares during the last quarter. Finally, Norges Bank purchased a new position in Axis Capital Holdings Limited during the fourth quarter valued at about $93,650,000. Institutional investors and hedge funds own 88.35% of the company’s stock.

Axis Capital Holdings Limited (NYSE:AXS) traded down 0.11% during mid-day trading on Monday, reaching $63.90. The company’s stock had a trading volume of 405,020 shares. The firm’s 50 day moving average price is $64.49 and its 200 day moving average price is $66.02. Axis Capital Holdings Limited has a 52 week low of $52.67 and a 52 week high of $71.06. The firm has a market capitalization of $5.40 billion, a P/E ratio of 13.26 and a beta of 0.60.

Axis Capital Holdings Limited (NYSE:AXS) last announced its earnings results on Wednesday, April 26th. The insurance provider reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.22. Axis Capital Holdings Limited had a return on equity of 7.86% and a net margin of 11.74%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, analysts anticipate that Axis Capital Holdings Limited will post $3.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.38 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.52 annualized dividend and a yield of 2.38%. Axis Capital Holdings Limited’s payout ratio is 31.73%.

About Axis Capital Holdings Limited

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.

Analyst Recommendations for Axis Capital Holdings Limited (NYSE:AXS)

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