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. It also provides professional insurance products that cover directors' and officers' liability, errors and omissions liability, employment practices liability, fiduciary liability, crime, professional indemnity, cyber and privacy, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers. In addition, this segment offers accidental death, travel, and specialty health products for employer and affinity groups. The Reinsurance segment offers reinsurance products to insurance companies, including catastrophe reinsurance products; property reinsurance products covering property damage and related losses resulting from natural and man-made perils; professional lines; credit and surety; and motor liability products. This segment also provides agriculture reinsurance products; coverages for various types of construction risks and risks related to erection, testing, and commissioning of machinery and plants during the construction stage; marine and aviation reinsurance products; and personal accident, specialty health, accidental death, travel, life and disability reinsurance products. The company was founded in 2001 and is headquartered in Pembroke, Bermuda.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. StockNews.com upgraded shares of AXIS Capital from a "hold" rating to a "buy" rating in a report on Sunday. TheStreet cut AXIS Capital from a "b" rating to a "c+" rating in a research note on Tuesday, July 26th. Finally, Jefferies Financial Group decreased their price target on AXIS Capital from $70.00 to $66.00 and set a "buy" rating for the company in a research note on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $61.00.
AXIS Capital Trading Up 1.5 %
AXIS Capital stock traded up $0.81 during trading hours on Thursday, hitting $55.51. The company had a trading volume of 282,101 shares, compared to its average volume of 532,991. The firm has a market cap of $4.70 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.70 and a beta of 0.75. The company has a 50-day moving average price of $53.94 and a two-hundred day moving average price of $55.67. AXIS Capital has a 1 year low of $44.49 and a 1 year high of $61.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.57 and a current ratio of 0.57.
AXIS Capital (NYSE:AXS - Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The insurance provider reported $1.74 earnings per share (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 quarter in the prior year, the business posted $2.00 EPS. On average, sell-side analysts anticipate that AXIS Capital will post 6.4 earnings per share for the current year.