Axis Capital Holdings Limited (NYSE:AXS) issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.34) by ($0.01), Briefing.com reports. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $972.10 million. Axis Capital Holdings Limited had a negative return on equity of 2.59% and a negative net margin of 4.55%. During the same period in the previous year, the company earned $1.78 earnings per share.
Axis Capital Holdings Limited (NYSE AXS) traded down $0.38 during midday trading on Friday, hitting $53.54. The stock had a trading volume of 784,100 shares, compared to its average volume of 532,377. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.51. Axis Capital Holdings Limited has a 1 year low of $52.15 and a 1 year high of $71.06.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 9th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.52 annualized dividend and a dividend yield of 2.84%. This is an increase from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is -49.51%.
A number of equities research analysts have recently commented on the company. Bank of America Corporation cut their target price on Axis Capital Holdings Limited from $73.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. ValuEngine downgraded Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Morgan Stanley lowered their price target on Axis Capital Holdings Limited from $70.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Finally, Citigroup Inc. lowered their price target on Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $61.45.
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Axis Capital Holdings Limited Company Profile
AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.
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