Axis Capital Holdings Limited (NYSE:AXS) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $48.12 and last traded at $48.06, with a volume of 718782 shares. The stock had previously closed at $48.90.

Several research firms have issued reports on AXS. UBS Group cut their price objective on Axis Capital from $57.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, October 2nd. MKM Partners dropped their price target on Axis Capital from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. ValuEngine upgraded Axis Capital from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup dropped their price target on Axis Capital from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Finally, Zacks Investment Research cut Axis Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Axis Capital currently has a consensus rating of “Hold” and a consensus target price of $61.45.

The stock has a market capitalization of $4,030.00, a PE ratio of -15.76, a price-to-earnings-growth ratio of 1.27 and a beta of 0.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.51 and a current ratio of 0.51.

Axis Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($5.34) by ($0.01). The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $972.10 million. Axis Capital had a negative net margin of 4.55% and a negative return on equity of 2.59%. During the same quarter in the prior year, the business earned $1.78 EPS. research analysts anticipate that Axis Capital Holdings Limited will post -2.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.22%. This is a positive change from Axis Capital’s previous quarterly dividend of $0.38. Axis Capital’s dividend payout ratio (DPR) is presently -50.81%.

In related news, EVP Conrad D. Brooks sold 7,500 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.31, for a total transaction of $392,325.00. Following the sale, the executive vice president now owns 6,027 shares of the company’s stock, valued at $315,272.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.89% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlueMountain Capital Management LLC boosted its stake in shares of Axis Capital by 62.0% during the second quarter. BlueMountain Capital Management LLC now owns 2,559 shares of the insurance provider’s stock valued at $165,000 after acquiring an additional 979 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Axis Capital during the second quarter valued at $203,000. Toronto Dominion Bank boosted its stake in shares of Axis Capital by 237.6% during the third quarter. Toronto Dominion Bank now owns 3,572 shares of the insurance provider’s stock valued at $205,000 after acquiring an additional 2,514 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Axis Capital during the second quarter valued at $207,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Axis Capital during the third quarter valued at $224,000. 87.33% of the stock is currently owned by institutional investors and hedge funds.

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About Axis Capital

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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