Axis Capital Holdings Limited (NYSE:AXS) Getting Somewhat Positive News Coverage, Analysis Shows
Media stories about Axis Capital Holdings Limited (NYSE:AXS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Axis Capital Holdings Limited earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 71 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- AXIS Capital Holdings Ltd. breached its 50 day moving average in a Bullish Manner : AXS-US : August 2, 2017 (finance.yahoo.com)
- This Weeks Target Prices For Axis Capital Holdings Limited (NYSE:AXS) (cote-ivoire.com)
- NA Holds Position in Axis Capital Holdings Limited (NYSE:AXS) (ismboard.com)
- Axis Capital Holdings Limited (NYSE:AXS) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Edited Transcript of AXS earnings conference call or presentation 27-Jul-17 1:00pm GMT (finance.yahoo.com)
A number of analysts have commented on the stock. Wells Fargo & Company restated a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Citigroup Inc. upped their target price on shares of Axis Capital Holdings Limited from $60.00 to $61.00 and gave the stock a “sell” rating in a research note on Thursday, July 13th. Morgan Stanley reiterated 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 note on Thursday, July 6th. Finally, ValuEngine upgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. 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 company. The stock has an average rating of “Hold” and a consensus price target of $66.78.
Shares of Axis Capital Holdings Limited (AXS) traded down 0.28% during trading on Thursday, hitting $64.90. 207,487 shares of the company were exchanged. Axis Capital Holdings Limited has a 1-year low of $53.66 and a 1-year high of $71.06. The stock has a market capitalization of $5.40 billion, a PE ratio of 13.58 and a beta of 0.60. The company has a 50 day moving average of $64.55 and a 200-day moving average of $65.91.
Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.19 by $0.12. Axis Capital Holdings Limited had a return on equity of 9.13% and a net margin of 10.81%. The company had revenue of $956.02 million during the quarter, compared to the consensus estimate of $989.95 million. During the same period last year, the company earned $0.51 EPS. Axis Capital Holdings Limited’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts forecast that Axis Capital Holdings Limited will post $4.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.52 annualized dividend and a yield of 2.34%. Axis Capital Holdings Limited’s payout ratio is 33.70%.
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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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