Axis Capital (AXS) Declares Quarterly Dividend of $0.25
Axis Capital (NYSE:AXS) announced a quarterly dividend on Friday, February 22nd. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.25 per share on Monday, April 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.46%.
A number of analysts have recently weighed in on AXS shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Axis Capital in a research note to investors on Wednesday, February 6th. They now have a $38.00 price target on the stock, up previously from $36.00. On the ratings front, analysts at MKM Partners raised their price target on shares of Axis Capital from $35.00 to $40.00 in a research note to investors on Tuesday, February 5th. They now have a “neutral” rating on the stock. Finally, analysts at Raymond James initiated coverage on shares of Axis Capital in a research note to investors on Monday, January 28th. They set a “market perform” rating on the stock.
Seven research analysts have rated the stock with a buy rating, and six have given a hold rating to the company. Axis Capital presently has an average rating of “overweight” and an average target price of $42.67.
Shares of Axis Capital (AXS) traded up 0.47% during mid-day trading on Friday, hitting $40.68. Axis Capital (AXS) has a 52 week low of $30.60 and a 52 week high of $40.86. The stock’s 50-day moving average is currently $38.21. The company has a market cap of $4.797 billion and a P/E ratio of 10.12.
Axis Capital last announced its earnings results on Monday, February 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.09) by $0.86. The company had revenue of $975.50 million for the quarter, compared to the consensus estimate of $945.73 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Axis Capital (AXS) will post $4.10 earnings per share for the current fiscal year.
Axis Capital Holdings Limited (Axis Capital) is a Bermuda-based holding company for the AXIS Group of Companies.
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