AXIS Capital (NYSE:AXS) Rating Lowered to Hold at StockNews.com

AXIS Capital (NYSE:AXSGet Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group decreased their price target on AXIS Capital from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, July 12th. TheStreet lowered AXIS Capital from a “b” rating to a “c+” rating in a research note on Tuesday, July 26th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.00.

AXIS Capital Trading Up 2.5 %

Shares of AXS opened at $50.56 on Friday. AXIS Capital has a twelve month low of $44.49 and a twelve month high of $61.39. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $54.78 and its 200-day simple moving average is $55.83. The company has a market cap of $4.28 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.57 and a beta of 0.75.

AXIS Capital (NYSE:AXSGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The insurance provider reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.21. AXIS Capital had a net margin of 8.55% and a return on equity of 11.81%. During the same period last year, the company posted $2.00 EPS. As a group, analysts expect that AXIS Capital will post 6.39 EPS for the current year.

Institutional Investors Weigh In On AXIS Capital

Several hedge funds have recently made changes to their positions in AXS. US Bancorp DE raised its holdings in shares of AXIS Capital by 447.2% in the first quarter. US Bancorp DE now owns 487 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 398 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of AXIS Capital in the 1st quarter worth approximately $33,000. DekaBank Deutsche Girozentrale bought a new position in shares of AXIS Capital during the second quarter valued at approximately $85,000. Atlas Capital Advisors LLC bought a new position in shares of AXIS Capital during the first quarter valued at approximately $93,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in AXIS Capital during the first quarter valued at approximately $135,000. 93.67% of the stock is currently owned by hedge funds and other institutional investors.

About AXIS Capital

(Get Rating)

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.

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