Axis Capital Holdings Limited (NYSE:AXS) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $59.25.

Several equities research analysts have commented on the company. TheStreet upgraded Axis Capital from a “c” rating to a “b-” rating in a research note on Thursday, October 25th. Zacks Investment Research upgraded Axis Capital from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Tuesday, September 25th. ValuEngine upgraded Axis Capital from a “hold” rating to a “buy” rating in a research note on Thursday, December 27th. Wells Fargo & Co reiterated a “hold” rating on shares of Axis Capital in a research note on Tuesday. Finally, Morgan Stanley cut their price objective on Axis Capital from $65.00 to $63.00 and set a “hold” rating for the company in a research note on Wednesday, November 14th.

Shares of Axis Capital stock traded up $0.08 on Friday, hitting $53.89. The company’s stock had a trading volume of 338,856 shares, compared to its average volume of 653,925. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.36. Axis Capital has a 1 year low of $47.43 and a 1 year high of $60.69. The firm has a market cap of $4.49 billion, a PE ratio of -17.11, a P/E/G ratio of 1.23 and a beta of 0.41.

Axis Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.27. Axis Capital had a return on equity of 8.02% and a net margin of 3.91%. The firm had revenue of $919.94 million during the quarter, compared to analyst estimates of $987.27 million. During the same quarter in the previous year, the business earned ($5.35) EPS. Axis Capital’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, sell-side analysts expect that Axis Capital will post 2.46 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change from Axis Capital’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.97%. Axis Capital’s dividend payout ratio is -50.79%.

Several hedge funds have recently bought and sold shares of AXS. Valeo Financial Advisors LLC grew its position in shares of 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 in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Axis Capital in the third quarter valued at approximately $119,000. Advisors Asset Management Inc. grew its position in shares of Axis Capital by 1,144.1% in the second quarter. Advisors Asset Management Inc. now owns 20,925 shares of the insurance provider’s stock valued at $172,000 after purchasing an additional 19,243 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Axis Capital in the second quarter valued at approximately $230,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of Axis Capital in the third quarter valued at approximately $233,000. Institutional investors and hedge funds own 89.58% 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.

Further Reading: Leveraged Buyout (LBO)

Analyst Recommendations for Axis Capital (NYSE:AXS)

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