News headlines about Axis Capital Holdings Limited (NYSE:AXS) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of 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 daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 47.2136545586491 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Axis Capital Holdings Limited (NYSE AXS) opened at $52.55 on Wednesday. Axis Capital Holdings Limited has a 12-month low of $52.15 and a 12-month high of $71.06. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21.
Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($5.34) by ($0.01). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $972.10 million. Axis Capital Holdings Limited had a negative net margin of 4.55% and a negative return on equity of 2.59%. During the same period in the previous year, the business posted $1.78 EPS. sell-side analysts predict that Axis Capital Holdings Limited will post -2.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 9th were given a dividend of $0.38 per share. This is a boost from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, October 5th. This represents a $1.52 dividend on an annualized basis and a yield of 2.89%. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is presently -49.67%.
Several analysts have recently commented on the company. Buckingham Research assumed coverage on Axis Capital Holdings Limited in a research report on Monday, September 11th. They issued a “neutral” rating and a $58.00 target price for the company. ValuEngine cut Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Citigroup Inc. raised Axis Capital Holdings Limited from a “sell” rating to a “neutral” rating and set a $59.00 target price for the company in a research report on Monday, September 11th. Wells Fargo & Company reaffirmed a “sell” rating on shares of Axis Capital Holdings Limited in a research report on Thursday, July 27th. Finally, UBS AG decreased their target price on Axis Capital Holdings Limited from $57.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, October 2nd. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $61.45.
About Axis Capital Holdings Limited
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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