Equities research analysts at Buckingham Research began coverage on shares of Axis Capital Holdings Limited (NYSE:AXS) in a research report issued to clients and investors on Monday. The firm set a “neutral” rating and a $58.00 price target on the insurance provider’s stock. Buckingham Research’s price target points to a potential downside of 2.09% from the company’s previous close.

Several other brokerages have also commented on AXS. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $64.00 price target on shares of Axis Capital Holdings Limited in a research note on Friday, June 2nd. ValuEngine lowered Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Wells Fargo & Company reissued a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $70.00 price target (up previously from $68.00) on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Axis Capital Holdings Limited has an average rating of “Hold” and a consensus target price of $66.00.

Axis Capital Holdings Limited (NYSE:AXS) opened at 59.24 on Monday. Axis Capital Holdings Limited has a one year low of $52.15 and a one year high of $71.06. The firm has a market cap of $4.93 billion, a PE ratio of 13.07 and a beta of 0.61. The firm’s 50 day moving average price is $62.37 and its 200-day moving average price is $64.98.

Axis Capital Holdings Limited (NYSE:AXS) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.12. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The company had revenue of $956.02 million for the quarter, compared to analyst estimates of $989.95 million. During the same quarter in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities analysts predict that Axis Capital Holdings Limited will post $3.95 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Axis Capital Holdings Limited by 3.0% in the 1st 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 in the last quarter. BlackRock Inc. lifted its stake in Axis Capital Holdings Limited by 3,740.9% in the 1st 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 in the last quarter. State Street Corp lifted its stake in Axis Capital Holdings Limited by 2.6% in the 1st 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 in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Axis Capital Holdings Limited by 1.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,678,214 shares of the insurance provider’s stock valued at $108,514,000 after buying an additional 27,465 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Axis Capital Holdings Limited by 1.3% in the 2nd quarter. Northern Trust Corp now owns 1,143,841 shares of the insurance provider’s stock valued at $73,960,000 after buying an additional 14,526 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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