Keefe, Bruyette & Woods restated their hold rating on shares of Axis Capital Holdings Limited (NYSE:AXS) in a research note issued to investors on Friday morning. Keefe, Bruyette & Woods currently has a $67.00 price objective on the insurance provider’s stock.

Several other brokerages have also recently commented on AXS. ValuEngine raised Axis Capital Holdings Limited from a hold rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research cut Axis Capital Holdings Limited from a hold rating to a strong sell rating in a research note on Monday, May 8th. Wells Fargo & Company reissued a sell rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 27th. Citigroup Inc. boosted their price target on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the company a sell rating in a research note on Thursday, July 13th. Finally, BidaskClub cut Axis Capital Holdings Limited from a sell rating to a strong sell rating in a research note on Saturday, June 24th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $67.11.

Shares of Axis Capital Holdings Limited (AXS) opened at 63.48 on Friday. Axis Capital Holdings Limited has a 52-week low of $53.66 and a 52-week high of $71.06. The firm has a market capitalization of $5.28 billion, a PE ratio of 14.01 and a beta of 0.60. The company has a 50 day moving average of $64.35 and a 200 day moving average of $65.84.

Axis Capital Holdings Limited (NYSE:AXS) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.12. The business had revenue of $956.02 million during the quarter, compared to analysts’ expectations of $989.95 million. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, analysts anticipate that Axis Capital Holdings Limited will post $4.01 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. Nepsis Capital Management Inc. boosted its stake in shares of Axis Capital Holdings Limited by 106.6% in the second quarter. Nepsis Capital Management Inc. now owns 80,774 shares of the insurance provider’s stock worth $5,223,000 after buying an additional 41,673 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Axis Capital Holdings Limited by 31.8% in the fourth quarter. Macquarie Group Ltd. now owns 2,900 shares of the insurance provider’s stock worth $189,000 after buying an additional 700 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its stake in shares of Axis Capital Holdings Limited by 12.6% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 75,562 shares of the insurance provider’s stock worth $5,065,000 after buying an additional 8,459 shares during the last quarter. BlackRock Inc. boosted its stake in shares of 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 worth $451,855,000 after buying an additional 6,565,613 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in shares of Axis Capital Holdings Limited by 24.0% in the first quarter. Great Lakes Advisors LLC now owns 10,565 shares of the insurance provider’s stock worth $708,000 after buying an additional 2,042 shares during the last quarter. 89.74% of the stock is owned by hedge funds and other institutional investors.

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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