Axis Capital Holdings Limited Company Profile (NYSE:AXS)

About Axis Capital Holdings Limited

Axis Capital Holdings Limited logoAXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re. Its insurance segment operates through offices in Bermuda, the United States, Canada, Europe, Australia and Singapore and offers specialty insurance products to various markets. Its insurance segment's offerings include property, marine, terrorism, aviation, professional lines, liability and accident and health. Its reinsurance segment operates through offices in Bermuda, the United States, Switzerland, Singapore, Brazil, and Canada. The reinsurance segment provides non-life reinsurance to insurance companies. Its reinsurance segment's offering include catastrophe; property; professional lines; credit and surety; motor; liability; engineering, and agriculture.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Property & Casualty Insurance
  • Exchange: NYSE
  • Symbol: AXS
  • CUSIP: G0692U10
Key Metrics:
  • Previous Close: $68.83
  • 50 Day Moving Average: $66.27
  • 200 Day Moving Average: $60.57
  • 52-Week Range: $51.01 - $70.00
  • Trailing P/E Ratio: 13.57
  • Foreward P/E Ratio: 14.19
  • P/E Growth: 2.93
  • Market Cap: $5.96B
  • Outstanding Shares: 86,441,000
  • Beta: 0.55
Profitability:
  • Net Margins: 12.82%
  • Return on Equity: 8.36%
  • Return on Assets: 2.12%
Debt:
  • Debt-to-Equity Ratio: 0.18%
  • Current Ratio: 0.49%
  • Quick Ratio: 0.49%
Additional Links:
Companies Related to Axis Capital Holdings Limited:

Analyst Ratings

Consensus Ratings for Axis Capital Holdings Limited (NYSE:AXS) (?)
Ratings Breakdown: 4 Sell Ratings, 4 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.67)
Consensus Price Target: $63.40 (8.04% downside)

Analysts' Ratings History for Axis Capital Holdings Limited (NYSE:AXS)
Show:
DateFirmActionRatingPrice TargetDetails
2/3/2017BMO Capital MarketsReiterated RatingMarket Perform$64.00 -> $67.00View Rating Details
2/2/2017MKM PartnersUpgradeNeutral -> Buy$80.00View Rating Details
1/17/2017MacquarieDowngradeNeutral -> Underperform$55.00View Rating Details
1/9/2017Wells Fargo & CoDowngradeMarket Perform -> UnderperformView Rating Details
11/22/2016Citigroup Inc.Initiated CoverageSell$55.00View Rating Details
11/15/2016Goldman Sachs Group, Inc. (The)DowngradeNeutral -> SellView Rating Details
7/28/2016Morgan StanleyBoost Price TargetEqual Weight$59.00 -> $60.00View Rating Details
5/26/2016Langen McalennDowngradeBuy -> NeutralView Rating Details
5/26/2016Janney Montgomery ScottDowngradeBuy -> NeutralView Rating Details
2/4/2016Deutsche Bank AGLower Price TargetHold$58.00 -> $57.00View Rating Details
1/19/2016JMP SecuritiesDowngradeOutperform -> Market PerformView Rating Details
9/21/2015Sterne Agee CRTInitiated CoverageNeutral$59.00View Rating Details
9/8/2015Bank of America CorpDowngradeBuy -> NeutralView Rating Details
8/5/2015Keefe, Bruyette & WoodsReiterated RatingBuyView Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Axis Capital Holdings Limited (NYSE:AXS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/24/2017        
2/1/2017Q416$0.87$1.14$602.70 million$464.39 millionViewListenView Earnings Details
10/26/2016Q316$1.05$1.78$710.69 million$595.43 millionViewN/AView Earnings Details
7/26/2016Q216$0.32$0.51$983.53 million$1.06 billionViewN/AView Earnings Details
4/26/2016Q116$1.08$1.07$1.48 billion$1.69 billionViewN/AView Earnings Details
2/2/2016Q415$1.13$1.23$567.11 million$595.00 millionViewN/AView Earnings Details
10/27/2015Q315$0.65$0.51$686.67 million$677.22 millionViewListenView Earnings Details
7/28/2015Q215$0.94$0.93$1.02 billion$946.54 millionViewListenView Earnings Details
4/29/2015Q115$1.23$1.35$1.66 billionViewN/AView Earnings Details
2/3/2015Q414$1.12$1.18$669.41 millionViewN/AView Earnings Details
10/29/2014Q314$1.20$1.27$744.53 million$687.00 millionViewN/AView Earnings Details
7/29/2014Q214$1.20$1.63$1.04 billionViewN/AView Earnings Details
4/29/2014Q114$1.34$1.24$1.65 billion$1.04 billionViewN/AView Earnings Details
2/4/2014Q413$1.30$1.41$1.05 million$1.08 millionViewN/AView Earnings Details
10/30/2013Q313$0.86$1.21$705.07 million$1.04 billionViewN/AView Earnings Details
7/30/2013Q2 2013$0.54$0.43$855.76 million$1.05 billionViewN/AView Earnings Details
4/25/2013Q1 2013$1.17$1.92$1.29 billion$1.03 billionViewN/AView Earnings Details
2/4/2013Q4 2012($1.09)($0.23)$945.73 million$975.50 millionViewN/AView Earnings Details
10/31/2012Q312$1.08$1.63$691.33 millionViewN/AView Earnings Details
7/31/2012$0.96$0.90ViewN/AView Earnings Details
4/26/2012$1.09$1.07ViewN/AView Earnings Details
2/7/2012$0.37$0.53ViewN/AView Earnings Details
11/1/2011$0.78$0.74ViewN/AView Earnings Details
8/3/2011$0.53$0.65ViewN/AView Earnings Details
4/28/2011($3.35)($3.39)ViewN/AView Earnings Details
2/8/2011$1.21$1.41ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Axis Capital Holdings Limited (NYSE:AXS)
Current Year EPS Consensus Estimate: $4.70 EPS
Next Year EPS Consensus Estimate: $4.86 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.69$0.69$0.69
Q2 20162$0.38$1.10$0.74
Q3 20162$0.70$0.99$0.85
Q4 20162$1.27$1.37$1.32
Q1 20172$1.14$1.39$1.27
Q2 20172$1.12$1.23$1.18
Q3 20172$0.58$1.01$0.80
Q4 20171$1.17$1.17$1.17
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Axis Capital Holdings Limited (NYSE:AXS)
Annual Dividend:$1.52
Dividend Yield:2.20%
Dividend Growth:11.90% (3 Year Average)
Payout Ratio:29.57% (Based on Trailing 12 Months of Earnings)
32.34% (Based on Current Year Consensus EPS Estimate)
31.28% (Based on Next Year Consensus EPS Estimate)
Track Record:10 Years of Consecutive Dividend Growth

Dividend History for Axis Capital Holdings Limited (NYSE:AXS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/12/2016Quarterly$0.382.34%12/28/201612/30/20161/17/2017
9/22/2016Quarterly$0.352.57%9/29/201610/3/201610/17/2016
5/9/2016quarterly$0.352.57%6/28/20166/30/20167/15/2016
2/29/2016quarterly$0.352.61%3/29/20163/31/20164/15/2016
12/7/2015Quarterly$0.3512/29/201512/31/20151/15/2016
9/11/2015$0.299/28/20159/30/201510/15/2015
5/11/2015quarterly$0.292.1%6/26/20156/30/20157/15/2015
2/23/2015quarterly$0.292.22%3/27/20153/31/20154/15/2015
12/5/2014quarterly$0.292.26%12/29/201412/31/20141/15/2015
9/12/2014quarterly$0.272.25%9/26/20149/30/201410/15/2014
5/8/2014quarterly$0.272.39%6/26/20146/30/20147/15/2014
2/21/2014quarterly$0.272.51%3/27/20143/31/20144/15/2014
12/9/2013quarterly$0.272.24%12/27/201312/31/20131/15/2014
9/18/2013quarterly$0.252.3%9/27/201310/1/201310/15/2013
5/3/2013quarterly$0.252.24%6/26/20136/28/20137/15/2013
2/22/2013quarterly$0.252.5%3/26/20133/28/20134/15/2013
12/17/2012quarterly$0.252.85%12/27/201212/31/20121/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Axis Capital Holdings Limited (NYSE:AXS)
Insider Ownership Percentage: 2.00%
Institutional Ownership Percentage: 90.07%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/4/2017Michael A ButtDirectorSell158,946$65.38$10,391,889.48View SEC Filing  
10/14/2016Michael A ButtDirectorSell40,673$57.01$2,318,767.73View SEC Filing  
9/9/2016Richard T Gieryn JrEVPSell10,400$56.15$583,960.00View SEC Filing  
5/20/2016Richard T Gieryn JrEVPSell14,967$54.37$813,755.79View SEC Filing  
5/3/2016Wilhelm ZellerDirectorSell9,700$53.31$517,107.00View SEC Filing  
3/4/2016Richard T Gieryn JrEVPSell15,697$54.99$863,178.03View SEC Filing  
12/10/2015Richard T Gieryn JrGeneral CounselSell17,700$56.60$1,001,820.00View SEC Filing  
11/20/2014Henry B SmithDirectorSell8,000$49.23$393,840.00View SEC Filing  
11/20/2014Richard T Gieryn JrGeneral CounselSell24,500$49.79$1,219,855.00View SEC Filing  
6/10/2014Richard T Gieryn JrEVPSell10,000$46.46$464,600.00View SEC Filing  
11/6/2013Dennis RedingCOOSell40,000$48.03$1,921,200.00View SEC Filing  
9/5/2013John GressierCEOBuy176,000$42.47$7,474,720.00View SEC Filing  
5/21/2013Donald J GreeneDirectorSell8,000$43.56$348,480.00View SEC Filing  
5/14/2013Richard T Gieryn JrEVPSell12,060$45.53$549,091.80View SEC Filing  
8/30/2012John Drake NicholsCEOBuy30,000$33.60$1,008,000.00View SEC Filing  
8/9/2012Richard T Gieryn JrEVPSell6,000$34.14$204,840.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Axis Capital Holdings Limited (NYSE:AXS)
DateHeadline
finance.yahoo.com logoAXIS Capital Declares Quarterly Dividends on Common and Preferred Shares (NYSE:AXS)
finance.yahoo.com - February 24 at 1:06 PM
4-traders.com logoAxis Capital : Julian Brown Joins AXIS Insurance to Lead London Market Professional Lines MGA Growth (NYSE:AXS)
www.4-traders.com - February 21 at 3:25 PM
uk.finance.yahoo.com logoJulian Brown Joins AXIS Insurance to Lead London Market Professional Lines MGA Growth (NYSE:AXS)
uk.finance.yahoo.com - February 21 at 10:56 AM
biz.yahoo.com logoAXIS CAPITAL HOLDINGS LTD Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:AXS)
biz.yahoo.com - February 17 at 10:25 AM
capitalcube.com logoAXIS Capital Holdings Ltd. : AXS-US: Dividend Analysis : December 30th, 2016 (record date) : By the numbers : February 16, 2017 (NYSE:AXS)
www.capitalcube.com - February 16 at 3:51 PM
4-traders.com logoAxis Capital : RCG & AXIS Insurance Sign Global Framework Agreement (NYSE:AXS)
www.4-traders.com - February 16 at 8:41 AM
biz.yahoo.com logoAXIS CAPITAL HOLDINGS LTD Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:AXS)
biz.yahoo.com - February 16 at 8:41 AM
uk.finance.yahoo.com logoJohn “Jay” Nichols Resigns as CEO of AXIS Re; Jan Ekberg Appointed Interim Head of Reinsurance (NYSE:AXS)
uk.finance.yahoo.com - February 14 at 3:16 PM
finance.yahoo.com logoIs AXIS Capital a Great Stock for Value Investors? (NYSE:AXS)
finance.yahoo.com - February 10 at 4:18 PM
capitalcube.com logoAXIS Capital Holdings Ltd. :AXS-US: Earnings Analysis: 2016 By the Numbers : February 8, 2017 (NYSE:AXS)
www.capitalcube.com - February 8 at 3:57 PM
finance.yahoo.com logoAXIS Insurance Appoints Kelly Dworniczek as Vice President, Public D&O and Fiduciary Product Manager (NYSE:AXS)
finance.yahoo.com - February 8 at 3:57 PM
uk.finance.yahoo.com logoAXIS Insurance Grows Cyber Insurance Team with Additions of Neil Arklie and Delvin Tillett (NYSE:AXS)
uk.finance.yahoo.com - February 7 at 4:43 PM
finance.yahoo.com logoAXIS Capital CEO Albert Benchimol to Present at Bank of America Merrill Lynch Insurance Conference 2017 (NYSE:AXS)
finance.yahoo.com - February 7 at 4:43 PM
finance.yahoo.com logoEdited Transcript of AXS earnings conference call or presentation 2-Feb-17 3:00pm GMT (NYSE:AXS)
finance.yahoo.com - February 3 at 1:53 AM
News IconAXIS Capital Holdings Limited (NYSE:AXS) 4Q16 earnings; Beats Street View (NYSE:AXS)
stockmarketdaily.co - February 2 at 3:51 PM
finance.yahoo.com logoAXIS Capital (AXS) Q4 Earnings Beat, Revenues Miss; Up Y/Y (NYSE:AXS)
finance.yahoo.com - February 2 at 3:51 PM
wsj.com logo[$$] Axis Capital Operating Earnings Fall (NYSE:AXS)
us.rd.yahoo.com - February 2 at 1:56 AM
tmcnet.com logoAXIS Capital Reports Fourth Quarter Net Income Available to Common Shareholders of $131 Million, or $1.48 Per Diluted Common Share (NYSE:AXS)
www.tmcnet.com - February 1 at 8:55 PM
sg.finance.yahoo.com logoAxis Capital beats 4Q profit forecasts (NYSE:AXS)
sg.finance.yahoo.com - February 1 at 8:55 PM
biz.yahoo.com logoQ4 2016 AXIS Capital Holdings Ltd Earnings Release - After Market Close (NYSE:AXS)
biz.yahoo.com - February 1 at 3:53 PM
capitalcube.com logoAXIS Capital Holdings Ltd. breached its 50 day moving average in a Bearish Manner : AXS-US : February 1, 2017 (NYSE:AXS)
www.capitalcube.com - February 1 at 3:53 PM
finance.yahoo.com logoWhy Earnings Season Could Be Great for AXIS Capital (AXS) (NYSE:AXS)
finance.yahoo.com - January 31 at 3:57 PM
bizjournals.com logoPublic insurance giant opens its first Florida office in Miami (NYSE:AXS)
www.bizjournals.com - January 26 at 4:10 PM
finance.yahoo.com logoAXIS Capital Launches Miami Office to Expand Presence in Latin America and the Caribbean (NYSE:AXS)
finance.yahoo.com - January 26 at 4:10 PM
seekingalpha.com logoA Pair Trade Opportunity In AXIS Capital Holdings Preferred Stocks (NYSE:AXS)
seekingalpha.com - January 24 at 4:13 PM
uk.finance.yahoo.com logoAXIS Capital Updates Time for Fourth Quarter and Year End Conference Call (NYSE:AXS)
uk.finance.yahoo.com - January 23 at 8:54 PM
News IconButt Sells 158946 Shares of Axis Capital Holdings Limited (AXS) Stock (NYSE:AXS)
diariocatolico.net - January 11 at 4:04 PM
marketexclusive.com logoAnalyst Downgrades – Axis Capital Holdings Limited (NYSE:AXS) Stock Gets Downgraded By Wells Fargo & Company from Underperform to (NYSE:AXS)
marketexclusive.com - January 9 at 10:08 PM
News IconDirector of Axis Capital Holdings Limited C (NYSE:AXS), Butt Michael A, sells 124,920 shares worth $8,151,455 (NYSE:AXS)
empowerednews.net - January 7 at 4:19 PM
publicnow.com logoAXIS Capital to Release Fourth Quarter and Year End Financial Results on February 1, 2017 (NYSE:AXS)
www.publicnow.com - January 4 at 8:53 PM
News IconChesapeake Lodging Trust (CHSP) Stake Reduced by Cubic Asset Management LLC (NYSE:AXS)
perspectivabetica.com - December 29 at 4:05 PM
nasdaq.com logoAxis Capital Holdings Limited (AXS) Ex-Dividend Date Scheduled for December 28 ... (NYSE:AXS)
www.nasdaq.com - December 28 at 9:19 PM
rttnews.com logoAXIS Capital Holdings (AXS) Rose To A New High On Stock Repurchase News (NYSE:AXS)
www.rttnews.com - December 14 at 9:31 PM
streetinsider.com logoAxis Capital (AXS) Announces Conrad Brooks Promoted to General Counsel (NYSE:AXS)
www.streetinsider.com - December 14 at 1:51 AM
finance.yahoo.com logoAXIS Capital Promotes Conrad D. Brooks to General Counsel (NYSE:AXS)
finance.yahoo.com - December 13 at 8:49 PM
finance.yahoo.com logoAXIS Capital Okays New Share Buyback Plan, Hikes Dividend (NYSE:AXS)
finance.yahoo.com - December 12 at 3:53 PM
finance.yahoo.com logo8:31 am AXIS Capital authorizes $1 bln share repurchase and increases quarterly dividend to $0.38/share from $0.35/share (NYSE:AXS)
finance.yahoo.com - December 11 at 3:38 PM
us.rd.yahoo.com logoAXIS Capital Announces New $1 Billion Share Repurchase Authorization (NYSE:AXS)
us.rd.yahoo.com - December 9 at 3:47 PM
marketwatch.com logoAxis Capital unveils $1 billion share buyback program, raises quarterly dividend by 8% (NYSE:AXS)
us.rd.yahoo.com - December 9 at 3:47 PM
insidermonkey.com logoHedge Funds Are Betting On Axis Capital Holdings Limited (AXS) (NYSE:AXS)
www.insidermonkey.com - December 9 at 2:30 AM
News IconRating Summary: Will Macquarie Research Downgrade Harm Axis Capital Holdings Limited (NYSE:AXS) Stock Price Today? (NYSE:AXS)
www.whatsonthorold.com - December 5 at 4:34 PM
News IconRatings Don’t Lie: Macquarie Gives Axis Capital Holdings Limited (NYSE:AXS) Lower Rating. Lost Its “Outperform” Rating (NYSE:AXS)
www.whatsonthorold.com - December 2 at 9:15 PM
us.rd.yahoo.com logoAXIS Capital downgraded by Macquarie (NYSE:AXS)
us.rd.yahoo.com - December 2 at 4:13 PM
finance.yahoo.com logoShould Axis Capital (AXS) Stock Be in Your Portfolio Now? (NYSE:AXS)
finance.yahoo.com - November 30 at 3:46 PM
us.rd.yahoo.com logo4:30 pm AXIS Capital to acquire European specialty aviation insurer and reinsurer Aviabel; terms not disclosed (NYSE:AXS)
us.rd.yahoo.com - November 30 at 8:32 AM
businesswire.com logoAXIS Capital Announces Acquisition of Aviabel (NYSE:AXS)
www.businesswire.com - November 29 at 5:29 PM
streetinsider.com logoAxis Capital (AXS) to Acquire Aviabel (NYSE:AXS)
www.streetinsider.com - November 29 at 5:29 PM
finance.yahoo.com logoAlleghany Estimates Q4 Catastrophe Loss of Nearly $75M (NYSE:AXS)
finance.yahoo.com - November 21 at 3:36 PM
News IconInsider Change: Christopher Disipio, Axis Capital Holdings Limited (NYSE:AXS)’s insider Sold 500 Shares (NYSE:AXS)
www.whatsonthorold.com - November 18 at 9:22 PM
News IconRating Report: Goldman Sachs Gives Axis Capital Holdings Limited (NYSE:AXS) Lower Rating. What Is Next? (NYSE:AXS)
www.whatsonthorold.com - November 15 at 9:54 PM

Social

What is Axis Capital Holdings Limited's stock symbol?

Axis Capital Holdings Limited trades on the New York Stock Exchange (NYSE) under the ticker symbol "AXS."

How often does Axis Capital Holdings Limited pay dividends? What is the dividend yield for Axis Capital Holdings Limited?

Axis Capital Holdings Limited announced a quarterly dividend on Monday, December 12th. Investors of record on Friday, December 30th will be given a dividend of $0.38 per share on Tuesday, January 17th. This represents a $1.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Wednesday, December 28th. This is a positive change from Axis Capital Holdings Limited's previous quarterly dividend of $0.35.

Where is Axis Capital Holdings Limited's stock going? Where will Axis Capital Holdings Limited's stock price be in 2017?

9 brokers have issued 1 year price objectives for Axis Capital Holdings Limited's shares. Their forecasts range from $55.00 to $80.00. On average, they expect Axis Capital Holdings Limited's share price to reach $63.40 in the next year.

When will Axis Capital Holdings Limited announce their earnings?

Axis Capital Holdings Limited is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.

Who owns Axis Capital Holdings Limited stock?

Axis Capital Holdings Limited's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vulcan Value Partners LLC (9.19%), FMR LLC (7.96%), State Street Corp (3.44%), Dimensional Fund Advisors LP (2.98%), AQR Capital Management LLC (2.03%) and Numeric Investors LLC (1.42%). Company insiders that own Axis Capital Holdings Limited stock include Michael A Butt, Richard T Gieryn Jr and Wilhelm Zeller.

Who sold Axis Capital Holdings Limited stock? Who is selling Axis Capital Holdings Limited stock?

Axis Capital Holdings Limited's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Vulcan Value Partners LLC, NWQ Investment Management Company LLC, FMR LLC, Franklin Resources Inc., Janus Capital Management LLC, Numeric Investors LLC and Guggenheim Capital LLC. Company insiders that have sold Axis Capital Holdings Limited stock in the last year include Michael A Butt, Richard T Gieryn Jr and Wilhelm Zeller.

Who bought Axis Capital Holdings Limited stock? Who is buying Axis Capital Holdings Limited stock?

Axis Capital Holdings Limited's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Asset Management One Co. Ltd., DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Bessemer Group Inc., State Street Corp, Marshall Wace LLP, Elkfork Partners LLC and Credit Agricole S A.

How do I buy Axis Capital Holdings Limited stock?

Shares of Axis Capital Holdings Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Axis Capital Holdings Limited stock cost?

One share of Axis Capital Holdings Limited stock can currently be purchased for approximately $68.94.

Axis Capital Holdings Limited (NYSE:AXS) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Axis Capital Holdings Limited (NYSE:AXS)

Earnings History Chart

Earnings by Quarter for Axis Capital Holdings Limited (NYSE:AXS)

Dividend History Chart

Dividend Payments by Quarter for Axis Capital Holdings Limited (NYSE:AXS)

Last Updated on 2/25/2017 by MarketBeat.com Staff