Shares of Axis Capital Holdings Limited (NYSE:AXS) hit a new 52-week low on Thursday . The stock traded as low as $52.57 and last traded at $52.53, with a volume of 780,547 shares traded. The stock had previously closed at $55.59.

A number of analysts have recently commented on AXS shares. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub cut Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $64.00 price target on shares of Axis Capital Holdings Limited in a research note on Friday, June 2nd. Wells Fargo & Company reaffirmed a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Finally, ValuEngine raised Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $67.11.

The company’s 50 day moving average price is $62.56 and its 200 day moving average price is $65.10. The company has a market capitalization of $4.58 billion, a P/E ratio of 12.16 and a beta of 0.61.

Axis Capital Holdings Limited (NYSE:AXS) last issued its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $989.95 million. During the same period last year, the company earned $0.51 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Equities analysts predict that Axis Capital Holdings Limited will post $3.95 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Blair William & Co. IL increased its holdings in Axis Capital Holdings Limited by 0.3% in the second quarter. Blair William & Co. IL now owns 9,850 shares of the insurance provider’s stock worth $637,000 after purchasing an additional 33 shares in the last quarter. M&T Bank Corp increased its holdings in Axis Capital Holdings Limited by 0.3% in the second quarter. M&T Bank Corp now owns 13,137 shares of the insurance provider’s stock worth $849,000 after purchasing an additional 42 shares in the last quarter. AMG Funds LLC increased its holdings in Axis Capital Holdings Limited by 0.4% in the second quarter. AMG Funds LLC now owns 21,193 shares of the insurance provider’s stock worth $1,370,000 after purchasing an additional 82 shares in the last quarter. Capstone Asset Management Co. increased its holdings in Axis Capital Holdings Limited by 2.9% in the first quarter. Capstone Asset Management Co. now owns 4,688 shares of the insurance provider’s stock worth $314,000 after purchasing an additional 130 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Axis Capital Holdings Limited by 5.0% in the first quarter. Assetmark Inc. now owns 3,347 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 158 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

WARNING: This piece of content was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/09/08/axis-capital-holdings-limited-axs-sets-new-1-year-low-at-52-57.html.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.