AXIS Capital (NYSE:AXS) Given New $127.00 Price Target at TD Cowen

AXIS Capital (NYSE:AXS) had its price target upped by TD Cowen from $118.00 to $127.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the insurance provider’s stock.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods increased their price target on shares of AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Roth Mkm boosted their target price on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Bank of America raised their price target on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, October 10th. UBS Group upped their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group raised their target price on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.14.

AXIS Capital Stock Up 3.1 %

Shares of AXIS Capital stock opened at $93.77 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital has a 12 month low of $53.49 and a 12 month high of $94.24. The stock has a market cap of $7.84 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.31 and a beta of 0.90. The business has a fifty day simple moving average of $81.93 and a 200 day simple moving average of $76.20.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.16. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same quarter in the previous year, the firm posted $2.34 earnings per share. Research analysts predict that AXIS Capital will post 10.89 EPS for the current year.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.88%. AXIS Capital’s dividend payout ratio (DPR) is presently 24.41%.

Institutional Trading of AXIS Capital

A number of institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in shares of AXIS Capital by 55.6% in the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after buying an additional 165 shares during the period. GAMMA Investing LLC lifted its position in shares of AXIS Capital by 80.4% during the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 226 shares during the period. True Wealth Design LLC acquired a new stake in shares of AXIS Capital during the 3rd quarter worth $40,000. Point72 Asia Singapore Pte. Ltd. increased its position 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 worth $43,000 after purchasing an additional 148 shares during the period. Finally, Blue Trust Inc. raised its stake in AXIS Capital by 424.6% in the third quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 985 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

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.