Posted by Denise Randall am July 27NS, 2021
ACHSE Capital Holdings Limited (NYSE: AXS) received a “hold” consensus rating from the six research firms that currently cover the stock, reports IMS Magazine. One analyst has given the stock a sell rating and three have given the company a hold rating. The average 1 year target price among brokers who have covered the stock over the past year is $ 58.75.
A number of equity research analysts recently released reports on the company. Deutsche Bank Aktiengesellschaft has its target price on AXIS Capital of $ 50.02 to $ 59,000 and gave the company a “hold” rating in a research note on Wednesday, May 5th. Zacks Investment Research upgraded AXIS Capital from a “sell” rating to a “hold” rating and set a $ 58.04 price target on the stock in a research note on Thursday, April 26NS. Morgan Stanley set its target price on AXIS Capital of $ 56.02 to $ 61,000 and announced the company in a research note on Thursday, May 27NS. Finally, TheStreet upgraded AXIS Capital from a “c” rating to a “b-” rating in a research release on Monday May 3rd to funds that have recently bought and sold shares in the company. CHICAGO TRUST Co NA increased its stake in AXIS Capital by 5.7% in the 2nd quarter. CHICAGO TRUST Co NA now owns 6,443 shares of the insurance company’s stock valued at $ 260.02 after purchasing an additional 343 shares in the past quarter. Principal Financial Group Inc. increased its stake in AXIS Capital shares by 1,136.9% in the first quarter. Principal Financial Group Inc. now owns 65,343 shares in the insurance provider valued at $ 3,343.02 after purchasing an additional 60.2021 shares last quarter. Squarepoint Ops LLC increased its stake in AXIS Capital by 443. 8% in the first quarter. Squarepoint Ops LLC now owns 58,779 shares in the insurance provider valued at $ 2, 817.03 after purchasing an additional 49,755 shares last quarter. Paloma Partners Management Co increased its stake in AXIS Capital shares by 150% in the first quarter. Paloma Partners Management Co now owns 16,443 shares of the insurance provider, valued at $ 812,000, after purchasing an additional 1,812 shares last quarter. Finally, Millennium Management LLC increased its stake in AXIS Capital shares by 15.7% in the first quarter. Millennium Management LLC now owns 136,260 shares of the insurance provider, valued at $ 6,755.03 after purchasing an additional 16,443 shares last quarter. 80.56% of the shares are owned by institutional investors and hedge funds.
NYSE AXS shares traded around $ 0. 26 during midday trading on Friday, reaching $ 50.09. 260,136 shares of the company’s shares were swapped, compared to the average volume of 319,443. The company has a market cap of $ 4. 17 billion, a price to earnings ratio of 26.91, a price to earnings ratio of 2.26, and a beta of 0. 78. AXIS Capital has a 51 week low of $ 46.60 and a 56 week high of $ 58.63. The company has a Fast Ratio of 0. 61, a Current Ratio of 0.59, and a Leverage Ratio of 0. 38. The stock has a 52-day moving average price of $ 53.07.
AXIS Capital (NYSE: AXS) last released its earnings results on Tuesday April 28NS. The insurer reported $ 0.97 EPS for the quarter, beating Zacks’ consensus estimate of $ 0.9. 65 from $ 0.32. AXIS Capital had a return on equity of 2.03% and a net margin of 3.65%. The company had sales of $ 1. 77 billion for the quarter, compared to analyst expectations of $ 1. 65 billion. During the same period last year, the business posted ($ 1.91) EPS. The company’s revenue increased 5.9% for the quarter compared to the same quarter last year. On average, analysts expect AXIS Capital 4 38 earnings per share for the current financial year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16NS. Shareholders on Tuesday June 28 were issued a dividend of $ 0. 38 per share. This corresponds to a $. 68 dividend on an annual basis and a yield of 3.49%. The ex-dividend date was Monday, June 28NS. AXIS Capital’s payout ratio is currently -78.75%.
AXIS Capital company profile
AXIS Capital Holdings Limited offers a variety of specialty insurance and reinsurance products through its subsidiaries around the world. It operates in two segments, insurance and reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential buildings, construction projects and onshore energy systems; Marine insurance products that cover offshore energy, freight, liability, marine, arts, species and hull warfare; and terrorism, aviation, credit and political risk, and liability insurance products.
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