Axis Capital (NYSE:AXS) Price Target Raised to $121.00

Axis Capital (NYSE:AXS - Get Free Report) had its price objective lifted by research analysts at Keefe, Bruyette & Woods from $118.00 to $121.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 25.70% from the stock's previous close.

AXS has been the topic of several other reports. Wall Street Zen upgraded shares of Axis Capital from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. UBS Group increased their price objective on shares of Axis Capital from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Wells Fargo & Company increased their price objective on shares of Axis Capital from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Cowen reiterated a "buy" rating on shares of Axis Capital in a research note on Wednesday, May 14th. Finally, JMP Securities reiterated a "market perform" rating on shares of Axis Capital in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $108.25.

Axis Capital Stock Down 0.8%

Shares of AXS stock traded down $0.78 during trading on Wednesday, reaching $96.26. The company's stock had a trading volume of 347,231 shares, compared to its average volume of 626,167. The business has a fifty day moving average price of $101.53 and a 200-day moving average price of $95.73. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.29. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81. Axis Capital has a one year low of $70.16 and a one year high of $107.19.

Axis Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.53. Axis Capital had a net margin of 14.54% and a return on equity of 19.01%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the firm posted $3.07 earnings per share. The company's quarterly revenue was up 6.8% compared to the same quarter last year. Analysts anticipate that Axis Capital will post 11.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Axis Capital by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,144,247 shares of the insurance provider's stock valued at $367,265,000 after buying an additional 17,764 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Axis Capital by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,444,128 shares of the insurance provider's stock valued at $305,219,000 after buying an additional 12,571 shares during the last quarter. AQR Capital Management LLC raised its holdings in Axis Capital by 22.3% in the 1st quarter. AQR Capital Management LLC now owns 3,290,411 shares of the insurance provider's stock valued at $328,580,000 after buying an additional 600,901 shares during the last quarter. American Century Companies Inc. raised its holdings in Axis Capital by 1.7% in the 4th quarter. American Century Companies Inc. now owns 3,178,512 shares of the insurance provider's stock valued at $281,680,000 after buying an additional 53,514 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Axis Capital by 1.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,042,925 shares of the insurance provider's stock worth $181,045,000 after purchasing an additional 20,976 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Axis Capital Company Profile

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.