The stock of AXIS Capital Holdings Limited (NYSE:AXS) last traded at $57.07, up 1.19% from the previous session.
Data from the available sources indicates that AXIS Capital Holdings Limited (NYSE:AXS) is covered by 8 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $71.00 and a low of $46.00, we find $60.00. Given the previous closing price of $56.40, this indicates a potential upside of 6.38 percent. AXS stock price is now 2.37% away from the 50-day moving average and 4.33% away from the 200-day moving average. The market capitalization of the company currently stands at $4.78B.
In total, 3 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $59.33 as their price target over the next twelve months.
With the price target reduced from $63 to $60, Keefe Bruyette Downgraded its rating from Outperform to Mkt Perform for AXIS Capital Holdings Limited (NYSE: AXS). On December 16, 2022, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $55, while ‘Jefferies’ rates the stock as ‘Buy’.
Insiders disposed of 63,666 shares of company stock worth roughly $3.63 million over the past 1 year. A total of 1.11% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AXS stock. A new stake in AXIS Capital Holdings Limited shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $578,267,000. FULLER & THALER ASSET MANAGEMENT, INC. invested $56,891,000 in shares of AXS during the first quarter. In the first quarter, CANDRIAM S.C.A. acquired a new stake in AXIS Capital Holdings Limited valued at approximately $12,685,000. PRANA CAPITAL MANAGEMENT, LP acquired a new stake in AXS for approximately $12,012,000. SCHONFELD STRATEGIC ADVISORS LLC purchased a new stake in AXS valued at around $7,684,000 in the second quarter. In total, there are 392 active investors with 95.80% ownership of the company’s stock.
With an opening price of $56.66 on Friday morning, AXIS Capital Holdings Limited (NYSE: AXS) set off the trading day. During the past 12 months, AXIS Capital Holdings Limited has had a low of $48.32 and a high of $61.39. The fifty day moving average price for AXS is $55.79 and a two-hundred day moving average price translates $54.69 for the stock.
The latest earnings results from AXIS Capital Holdings Limited (NYSE: AXS) was released for Sep, 2022. The net profit margin was 5.80% and return on equity was 6.80% for AXS. For the current quarter, analysts expect AXS to generate $1.03B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/18/2023. Investors who held shares on 12/30/2022 were paid a $0.44 dividend. On an annualized basis, this represents a $1.76 dividend and a 3.08% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, AXS is presently at 49.70%.
AXIS Capital Holdings Limited(AXS) 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 products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products. It also provides professional insurance products that cover directors’ and officers’ liability, errors and omissions liability, employment practices liability, fiduciary liability, crime, professional indemnity, cyber and privacy, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers. In addition, this segment offers accidental death, travel, and specialty health products for employer and affinity groups. The Reinsurance segment offers reinsurance products to insurance companies, including catastrophe reinsurance products; property reinsurance products covering property damage and related losses resulting from natural and man-made perils; professional lines; credit and surety; and motor liability products. This segment also provides agriculture reinsurance products; coverages for various types of construction risks and risks related to erection, testing, and commissioning of machinery and plants during the construction stage; marine and aviation reinsurance products; and personal accident, specialty health, accidental death, travel, life and disability reinsurance products. The company was founded in 2001 and is headquartered in Pembroke, Bermuda.