Axis Capital Holdings Limited (NYSE:AXS) declared a quarterly dividend on Tuesday, February 28th. Investors of record on Friday, March 31st will be paid a dividend of 0.38 per share on Monday, April 17th. This represents a $1.52 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, March 29th.
Axis Capital Holdings Limited (NYSE:AXS) opened at 66.48 on Tuesday. The company’s 50-day moving average price is $68.28 and its 200 day moving average price is $62.43. Axis Capital Holdings Limited has a 52 week low of $51.01 and a 52 week high of $71.06. The stock has a market capitalization of $5.73 billion, a P/E ratio of 13.09 and a beta of 0.55.
Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings results on Wednesday, February 1st. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.27. Axis Capital Holdings Limited had a return on equity of 8.36% and a net margin of 12.82%. The company had revenue of $464.39 million for the quarter, compared to analysts’ expectations of $602.70 million. During the same period in the prior year, the firm earned $1.23 earnings per share. The firm’s revenue was down 22.0% compared to the same quarter last year. Equities research analysts expect that Axis Capital Holdings Limited will post $4.46 EPS for the current fiscal year.
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In other news, Director Michael A. Butt sold 158,946 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $65.38, for a total value of $10,391,889.48. Following the sale, the director now directly owns 999,982 shares in the company, valued at $65,378,823.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.
A number of research analysts have commented on AXS shares. Zacks Investment Research cut Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. BMO Capital Markets restated a “market perform” rating and set a $67.00 price target (up from $64.00) on shares of Axis Capital Holdings Limited in a research note on Friday, February 3rd. MKM Partners upgraded Axis Capital Holdings Limited from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday, February 2nd. Wells Fargo & Co cut Axis Capital Holdings Limited from a “market perform” rating to an “underperform” rating in a research note on Monday, January 9th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $64.00 price objective (down from $66.00) on shares of Axis Capital Holdings Limited in a research note on Wednesday, March 15th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $65.71.
About Axis Capital Holdings Limited
AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re.
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