Axis Capital Holdings Limited (AXS) Given New $57.00 Price Target at UBS AG

Axis Capital Holdings Limited (NYSE:AXS) had its target price lowered by UBS AG from $62.00 to $57.00 in a report released on Tuesday. The firm currently has a sell rating on the insurance provider’s stock.

A number of other research analysts have also issued reports on AXS. Citigroup Inc. upgraded Axis Capital Holdings Limited from a sell rating to a neutral rating and set a $59.00 price target for the company in a research report on Monday, September 11th. ValuEngine lowered Axis Capital Holdings Limited from a buy rating to a hold rating in a research report on Thursday, September 7th. Zacks Investment Research lowered Axis Capital Holdings Limited from a buy rating to a hold rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a hold rating and issued a $67.00 price objective on shares of Axis Capital Holdings Limited in a research note on Friday, August 18th. Finally, Buckingham Research started coverage on Axis Capital Holdings Limited in a research note on Monday, September 11th. They issued a neutral rating and a $58.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $65.60.

Axis Capital Holdings Limited (AXS) opened at 56.73 on Tuesday. The stock has a market cap of $4.72 billion, a PE ratio of 12.52 and a beta of 0.61. The firm has a 50-day moving average price of $61.28 and a 200 day moving average price of $64.48. Axis Capital Holdings Limited has a 52-week low of $52.15 and a 52-week high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last announced its quarterly earnings results 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 analyst estimates of $989.95 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts anticipate that Axis Capital Holdings Limited will post $3.95 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the company. Blair William & Co. IL raised its position in shares of Axis Capital Holdings Limited by 0.3% during 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 during the period. M&T Bank Corp raised its position in Axis Capital Holdings Limited by 0.3% during the second quarter. M&T Bank Corp now owns 13,137 shares of the insurance provider’s stock valued at $849,000 after buying an additional 42 shares during the period. AMG Funds LLC raised its position in Axis Capital Holdings Limited by 0.4% during the second quarter. AMG Funds LLC now owns 21,193 shares of the insurance provider’s stock valued at $1,370,000 after buying an additional 82 shares during the period. TD Asset Management Inc. raised its position in Axis Capital Holdings Limited by 0.4% during the first quarter. TD Asset Management Inc. now owns 45,328 shares of the insurance provider’s stock valued at $3,038,000 after buying an additional 180 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in Axis Capital Holdings Limited by 1.4% during the second quarter. Candriam Luxembourg S.C.A. now owns 13,034 shares of the insurance provider’s stock valued at $843,000 after buying an additional 180 shares during the period. 86.23% of the stock is currently owned by institutional investors.

About Axis Capital Holdings Limited

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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