Citigroup Inc. upgraded shares of Axis Capital Holdings Limited (NYSE:AXS) from a sell rating to a neutral rating in a report published on Monday morning, Marketbeat Ratings reports. They currently have $59.00 price objective on the insurance provider’s stock.

Other equities research analysts also recently issued reports about the company. ValuEngine upgraded Axis Capital Holdings Limited from a hold rating to a buy rating in a report on Friday, June 2nd. Morgan Stanley reiterated an equal weight rating and issued a $70.00 price target (up from $68.00) on shares of Axis Capital Holdings Limited in a report on Thursday, July 6th. Keefe, Bruyette & Woods restated a hold rating and set a $64.00 price objective on shares of Axis Capital Holdings Limited in a report on Friday, June 2nd. Zacks Investment Research upgraded Axis Capital Holdings Limited from a sell rating to a hold rating in a report on Wednesday, June 28th. Finally, Wells Fargo & Company restated a sell rating on shares of Axis Capital Holdings Limited in a report on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $66.00.

Axis Capital Holdings Limited (NYSE:AXS) opened at 57.91 on Monday. The stock’s 50 day moving average price is $61.83 and its 200 day moving average price is $64.82. Axis Capital Holdings Limited has a 1-year low of $52.15 and a 1-year high of $71.06. The stock has a market capitalization of $4.82 billion, a PE ratio of 12.78 and a beta of 0.61.

Axis Capital Holdings Limited (NYSE:AXS) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share for the quarter, topping the 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 firm had revenue of $956.02 million for the quarter, compared to the consensus estimate of $989.95 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities research analysts predict that Axis Capital Holdings Limited will post $3.85 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in shares of Axis Capital Holdings Limited by 2.9% in the 2nd quarter. Advisory Services Network LLC now owns 8,111 shares of the insurance provider’s stock worth $524,000 after purchasing an additional 225 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Axis Capital Holdings Limited by 78.1% in the 2nd quarter. Verition Fund Management LLC now owns 11,262 shares of the insurance provider’s stock worth $728,000 after purchasing an additional 4,939 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Axis Capital Holdings Limited in the 2nd quarter worth $464,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Axis Capital Holdings Limited in the 2nd quarter worth $207,000. Finally, Caxton Associates LP acquired a new stake in shares of Axis Capital Holdings Limited in the 2nd quarter worth $644,000. 86.18% of the stock is 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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