Media coverage about Axis Capital Holdings Limited (NYSE:AXS) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Axis Capital Holdings Limited earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 47.5221144984907 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Axis Capital Holdings Limited (AXS) Stock Rating Lowered by TheStreet (americanbankingnews.com)
- Relative Strength Alert For AXIS Capital Holdings (nasdaq.com)
- Edited Transcript of AXS earnings conference call or presentation 26-Oct-17 1:00pm GMT (finance.yahoo.com)
- Axis Capital Holdings Limited to Host Earnings Call (finance.yahoo.com)
- AXIS Capital (AXS) Announces Wider-than-Expected Q3 Loss (zacks.com)
Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($5.34) by ($0.01). Axis Capital Holdings Limited had a negative return on equity of 2.54% and a negative net margin of 4.55%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $972.10 million. During the same period last year, the company earned $1.78 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 9th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Thursday, October 5th. This is an increase from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s dividend payout ratio is presently -49.67%.
A number of analysts have issued reports on AXS shares. Bank of America Corporation reduced their target price on shares of Axis Capital Holdings Limited from $73.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 13th. ValuEngine cut shares of Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Citigroup Inc. reduced their target price on shares of Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $67.00 target price on shares of Axis Capital Holdings Limited in a research note on Friday, August 18th. Finally, MKM Partners reduced their target price on shares of Axis Capital Holdings Limited from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Axis Capital Holdings Limited presently has an average rating of “Hold” and an average target price of $61.45.
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Axis Capital Holdings Limited Company Profile
AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.
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