Keefe, Bruyette & Woods Raises AXIS Capital (NYSE:AXS) Price Target to $96.00

AXIS Capital (NYSE:AXS) had its price target increased by research analysts at Keefe, Bruyette & Woods from $94.00 to $96.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 16.21% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Wells Fargo & Company raised their price objective on shares of AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Bank of America raised their price target on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Roth Mkm boosted their price objective on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group raised their target price on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group upped their price target on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AXIS Capital has an average rating of “Moderate Buy” and a consensus price target of $95.86.

AXIS Capital Trading Down 1.1 %

AXS stock opened at $82.61 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The firm has a market cap of $6.91 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.27 and a beta of 0.90. AXIS Capital has a 1-year low of $53.14 and a 1-year high of $84.84. The business’s 50 day moving average is $79.69 and its 200-day moving average is $74.07.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. During the same period last year, the business earned $2.34 earnings per share. Equities analysts anticipate that AXIS Capital will post 10.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AXS. Pathstone Holdings LLC boosted its stake in AXIS Capital by 0.4% in the third quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider’s stock valued at $2,542,000 after acquiring an additional 127 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of AXIS Capital by 32.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 148 shares during the period. Versant Capital Management Inc increased its holdings in AXIS Capital by 55.6% in the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 165 shares during the last quarter. Gries Financial LLC lifted its stake in AXIS Capital by 4.9% in the second quarter. Gries Financial LLC now owns 3,523 shares of the insurance provider’s stock valued at $249,000 after buying an additional 166 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in AXIS Capital by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,212 shares of the insurance provider’s stock worth $368,000 after buying an additional 172 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

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.