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S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)

StockNews.com Downgrades AXIS Capital (NYSE:AXS) to Hold

AXIS Capital (NYSE:AXS - Get Rating) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report released on Saturday.

Several other brokerages also recently weighed in on AXS. Jefferies Financial Group reduced their price target on AXIS Capital from $70.00 to $66.00 and set a "buy" rating for the company in a report on Tuesday, July 12th. TheStreet cut shares of AXIS Capital from a "b" rating to a "c+" rating in a report on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, AXIS Capital currently has a consensus rating of "Hold" and a consensus target price of $61.00.

AXIS Capital Trading Up 2.5 %

NYSE:AXS opened at $50.56 on Friday. The firm has a market capitalization of $4.28 billion, a P/E ratio of 10.45, a PEG ratio of 1.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.57 and a quick ratio of 0.57. AXIS Capital has a one year low of $44.49 and a one year high of $61.39. The company's 50-day simple moving average is $54.78 and its 200 day simple moving average is $55.83.


AXIS Capital (NYSE:AXS - Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The insurance provider reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.21. AXIS Capital had a return on equity of 11.81% and a net margin of 8.55%. During the same period in the previous year, the company posted $2.00 EPS. As a group, analysts forecast that AXIS Capital will post 6.39 EPS for the current fiscal year.

Hedge Funds Weigh In On AXIS Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D raised its holdings in shares of AXIS Capital by 9.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 54,484 shares of the insurance provider's stock valued at $2,968,000 after purchasing an additional 4,929 shares during the last quarter. Yousif Capital Management LLC purchased a new position in shares of AXIS Capital in the 4th quarter worth $223,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of AXIS Capital by 56.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,158 shares of the insurance provider's stock worth $553,000 after acquiring an additional 3,660 shares during the period. Advisor Group Holdings Inc. increased its position in AXIS Capital by 14.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 3,425 shares of the insurance provider's stock valued at $186,000 after acquiring an additional 444 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in AXIS Capital by 4.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 21,240 shares of the insurance provider's stock valued at $1,157,000 after acquiring an additional 950 shares during the period. Institutional investors own 93.67% of the company's stock.

AXIS Capital Company Profile

(Get Rating)

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 insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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