Axis Capital (NYSE:AXS) has been given a $60.00 target price by research analysts at Citigroup in a note issued to investors on Thursday. The brokerage currently has a “hold” rating on the insurance provider’s stock. Citigroup’s price target points to a potential upside of 5.36% from the stock’s current price.

Several other research firms have also issued reports on AXS. Zacks Investment Research lowered Axis Capital from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. TheStreet raised Axis Capital from a “c” rating to a “b-” rating in a report on Thursday, October 25th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $58.00 target price on shares of Axis Capital in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $59.71.

AXS traded up $0.03 during midday trading on Thursday, reaching $56.95. 462,523 shares of the company were exchanged, compared to its average volume of 516,963. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $4.80 billion, a P/E ratio of -18.08, a P/E/G ratio of 1.44 and a beta of 0.37. Axis Capital has a one year low of $47.43 and a one year high of $60.69.

Axis Capital (NYSE:AXS) last released its earnings results on Wednesday, October 24th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.27. The company had revenue of $919.94 million during the quarter, compared to analyst estimates of $987.27 million. Axis Capital had a return on equity of 8.02% and a net margin of 3.91%. Axis Capital’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted ($5.35) earnings per share. On average, equities analysts forecast that Axis Capital will post 4.68 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC lifted its stake in Axis Capital by 179.4% in the third quarter. Valeo Financial Advisors LLC now owns 1,900 shares of the insurance provider’s stock valued at $106,000 after purchasing an additional 1,220 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Axis Capital by 83.5% in the second quarter. Advisors Asset Management Inc. now owns 3,086 shares of the insurance provider’s stock valued at $172,000 after purchasing an additional 1,404 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Axis Capital by 75.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,708 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 1,594 shares during the last quarter. Oakbrook Investments LLC purchased a new position in Axis Capital in the third quarter valued at approximately $233,000. Finally, Point72 Hong Kong Ltd purchased a new position in Axis Capital in the second quarter valued at approximately $230,000. Institutional investors and hedge funds own 89.46% of the company’s stock.

Axis Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.

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Analyst Recommendations for Axis Capital (NYSE:AXS)

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