AXIS Capital’s (AXS) “Market Perform” Rating Reaffirmed at JMP Securities

AXIS Capital (NYSE:AXS)‘s stock had its “market perform” rating reissued by investment analysts at JMP Securities in a report released on Monday,Benzinga reports.

Several other equities analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of AXIS Capital from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. UBS Group upped their price target on AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Bank of America raised their price objective on AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com cut AXIS Capital from a “buy” rating to a “hold” rating in a report on Friday. Finally, TD Cowen boosted their price target on shares of AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, AXIS Capital has an average rating of “Moderate Buy” and a consensus target price of $99.25.

AXIS Capital Stock Performance

Shares of AXIS Capital stock opened at $90.98 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. AXIS Capital has a fifty-two week low of $55.56 and a fifty-two week high of $94.89. The firm has a market capitalization of $7.61 billion, a P/E ratio of 7.37, a P/E/G ratio of 3.87 and a beta of 0.95. The company’s 50 day moving average price is $90.09 and its two-hundred day moving average price is $82.64.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. On average, equities analysts forecast that AXIS Capital will post 11.36 earnings per share for the current fiscal year.

Institutional Trading of AXIS Capital

Several large investors have recently made changes to their positions in AXS. Independent Advisor Alliance grew its stake in AXIS Capital by 0.4% in the third quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider’s stock valued at $2,591,000 after acquiring an additional 125 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of AXIS Capital by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider’s stock worth $2,542,000 after purchasing an additional 127 shares in the last quarter. Versant Capital Management Inc grew its position in AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 130 shares during the period. CIBC Asset Management Inc increased its stake in AXIS Capital by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,799 shares of the insurance provider’s stock valued at $248,000 after purchasing an additional 137 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake 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 valued at $43,000 after buying an additional 148 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

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.