AXIS Capital (NYSE:AXS) Hits New 1-Year High at $65.37

AXIS Capital Holdings Limited (NYSE:AXSGet Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $65.37 and last traded at $65.36, with a volume of 319099 shares trading hands. The stock had previously closed at $64.74.

Analyst Ratings Changes

A number of equities analysts have commented on AXS shares. UBS Group boosted their price objective on shares of AXIS Capital from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Wells Fargo & Company boosted their price target on AXIS Capital from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. downgraded AXIS Capital from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $75.00 price target on shares of AXIS Capital in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.83.

View Our Latest Stock Report on AXIS Capital

AXIS Capital Price Performance

The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.28 and a beta of 0.80. The business has a 50-day simple moving average of $61.51 and a two-hundred day simple moving average of $57.80. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.30.

AXIS Capital (NYSE:AXSGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.94 earnings per share for the quarter, beating the consensus estimate of ($1.25) by $4.19. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. AXIS Capital had a net margin of 6.67% and a return on equity of 19.25%. As a group, research analysts predict that AXIS Capital Holdings Limited will post 10.15 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Monday, March 4th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.76 annualized dividend and a dividend yield of 2.69%. AXIS Capital’s dividend payout ratio (DPR) is presently 43.78%.

Insiders Place Their Bets

In related news, Director Stanley A. Galanski acquired 7,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $58.45 per share, with a total value of $409,150.00. Following the acquisition, the director now owns 9,763 shares in the company, valued at approximately $570,647.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AXIS Capital

Institutional investors have recently bought and sold shares of the stock. Summit Global Investments grew its stake in AXIS Capital by 173.9% during the third quarter. Summit Global Investments now owns 81,197 shares of the insurance provider’s stock worth $4,577,000 after buying an additional 51,557 shares during the last quarter. Graham Capital Management L.P. raised its position in shares of AXIS Capital by 721.0% during the third quarter. Graham Capital Management L.P. now owns 58,670 shares of the insurance provider’s stock worth $3,307,000 after acquiring an additional 51,524 shares during the last quarter. Sei Investments Co. raised its stake in shares of AXIS Capital by 3.9% during the third quarter. Sei Investments Co. now owns 323,408 shares of the insurance provider’s stock worth $18,230,000 after buying an additional 12,019 shares during the last quarter. Hsbc Holdings PLC bought a new stake in AXIS Capital in the third quarter valued at about $5,767,000. Finally, Ziegler Capital Management LLC increased its stake in shares of AXIS Capital by 52.5% in the 3rd quarter. Ziegler Capital Management LLC now owns 163,959 shares of the insurance provider’s stock valued at $9,243,000 after acquiring an additional 56,476 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

AXIS Capital Company Profile

(Get Free Report)

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.

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