Brokerages Set AXIS Capital Holdings Limited (NYSE:AXS) Target Price at $76.29

AXIS Capital Holdings Limited (NYSE:AXS) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $80.50.

Several equities analysts have recently issued reports on the company. UBS Group upped their price target on AXIS Capital from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Bank of America upped their target price on shares of AXIS Capital from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Wells Fargo & Company boosted their price target on shares of AXIS Capital from $63.00 to $74.00 and gave the stock an “underweight” rating in a research note on Monday, August 12th. Roth Mkm increased their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of AXIS Capital from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th.

Hedge Funds Weigh In On AXIS Capital

Several institutional investors and hedge funds have recently made changes to their positions in AXS. Versant Capital Management Inc lifted its holdings in shares of AXIS Capital by 55.6% during the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 165 shares in the last quarter. GAMMA Investing LLC raised its holdings in AXIS Capital by 80.4% during the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after buying an additional 226 shares during the period. Covestor Ltd lifted its stake in AXIS Capital by 45.9% in the first quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock valued at $38,000 after buying an additional 185 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of AXIS Capital by 32.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock valued at $43,000 after buying an additional 148 shares during the period. Finally, TFO Wealth Partners LLC increased its position in shares of AXIS Capital by 61,675.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,471 shares of the insurance provider’s stock worth $137,000 after acquiring an additional 2,467 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

AXIS Capital Trading Down 0.8 %

Shares of NYSE AXS opened at $76.70 on Tuesday. AXIS Capital has a 1-year low of $52.90 and a 1-year high of $80.50. The company has a 50-day moving average of $73.78 and a two-hundred day moving average of $68.92. The company has a market cap of $6.49 billion, a PE ratio of 11.73, a P/E/G ratio of 0.27 and a beta of 0.89. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.41. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.49 billion. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. AXIS Capital’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.23 EPS. As a group, equities analysts expect that AXIS Capital will post 10.7 earnings per share for the current fiscal year.

About AXIS Capital

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, 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; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.