AXIS Capital (NYSE:AXS) Given New $70.00 Price Target at Keefe, Bruyette & Woods

AXIS Capital (NYSE:AXSFree Report) had its price target hoisted by Keefe, Bruyette & Woods from $67.00 to $70.00 in a research report released on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

Several other research analysts also recently weighed in on the company. StockNews.com downgraded AXIS Capital from a buy rating to a hold rating in a research note on Wednesday, January 31st. Wells Fargo & Company raised their target price on AXIS Capital from $56.00 to $59.00 and gave the stock an underweight rating in a research note on Friday, February 2nd. Finally, UBS Group raised their price target on AXIS Capital from $77.00 to $80.00 and gave the company a buy rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AXIS Capital currently has an average rating of Hold and an average price target of $66.00.

Read Our Latest Stock Analysis on AXIS Capital

AXIS Capital Stock Down 0.4 %

AXS stock opened at $58.23 on Tuesday. The company has a market cap of $4.96 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.16 and a beta of 0.79. The business has a 50-day simple moving average of $56.08 and a 200 day simple moving average of $55.83. AXIS Capital has a 52 week low of $51.25 and a 52 week high of $63.93. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.33.

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.76 dividend on an annualized basis and a yield of 3.02%. AXIS Capital’s payout ratio is 43.78%.

Institutional Trading of AXIS Capital

Hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of AXIS Capital by 447.2% during the first quarter. US Bancorp DE now owns 487 shares of the insurance provider’s stock valued at $30,000 after buying an additional 398 shares during the period. Lazard Asset Management LLC purchased a new position in shares of AXIS Capital during the first quarter valued at approximately $33,000. Bruce G. Allen Investments LLC purchased a new stake in AXIS Capital in the fourth quarter worth $43,000. NewEdge Advisors LLC grew its stake in AXIS Capital by 177.9% in the first quarter. NewEdge Advisors LLC now owns 842 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 539 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new stake in AXIS Capital in the third quarter worth $51,000. Institutional investors own 89.61% of the company’s stock.

About AXIS Capital

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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.

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