In yesterday’s Wall Street session, Axis Capital Holdings Ltd (NYSE:AXS) shares traded at $55.36, up 0.58% from the previous session.
9 analysts cover Axis Capital Holdings Ltd (NYSE:AXS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $77.00 and a low of $51.00, we find $68.00. Given the previous closing price of $55.04, this indicates a potential upside of 23.55 percent. AXS stock price is now -1.35% away from the 50-day moving average and -0.54% away from the 200-day moving average. The market capitalization of the company currently stands at $4.72B.
The stock has received a hold rating from 2 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $66.00 as their price target over the next twelve months.
With the price target enhanced from $59 to $66, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Axis Capital Holdings Ltd (NYSE: AXS).
In other news, SMITH HENRY B, Director sold 6,000 shares of the company’s stock on Aug 07. The stock was sold for $333,000 at an average price of $55.50. Upon completion of the transaction, the Director now directly owns 49,710 shares in the company, valued at $2.75 million. Insiders disposed of 64,454 shares of company stock worth roughly $3.57 million over the past 1 year. A total of 9.16% of the company’s stock is owned by insiders.
On Wednesday morning Axis Capital Holdings Ltd (NYSE: AXS) stock kicked off with the opening price of $55.06. During the past 12 months, Axis Capital Holdings Ltd has had a low of $51.25 and a high of $63.99. According to the stock market information, the enterprise value for the company is $5.90B, which is based on a 8.86 price-to-earnings ratio, a 0.44 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for AXS is $56.12 and a two-hundred day moving average price translates $55.66 for the stock.
The latest earnings results from Axis Capital Holdings Ltd (NYSE: AXS) was released for Sep, 2023. The net profit margin was 9.50% and return on equity was 12.10% for AXS. For the current quarter, analysts expect AXS to generate $1.24B in revenue.
Axis Capital Holdings Ltd(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 classes covering offshore energy, cargo, liability, kidnap and ransom, 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, 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 pet insurance 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; engineering 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. AXIS Capital Holdings Limited was founded in 2001 and is headquartered in Pembroke, Bermuda.
