They announced their decision to do so in a research note that was distributed to investors on Thursday.
Equities analysts at StockNews.com have begun covering shares of AXIS Capital (NYSE: AXS), and they did so publicly for the first time on Thursday.
A recommendation to “buy” was made by the organization about the stock of the insurance provider.
AXIS Capital, traded on the NYSE under the symbol AXS, disclosed its most recent earnings on January 26.
The report was published online.
The insurance company reported that it had profits of $1.95 per share for the quarter, which was $0.25 more than the consensus estimate of $1.70 per share for the quarter’s profits.
AXIS Capital achieved a return on equity of 12.72% and a net margin of 4.34% during the reporting period.
These are the statistics that were gathered.
The sales for the company for the quarter came in at $1.10 billion, which is significantly higher than the analysts’ predictions of $1.06 billion, which were significantly lower.
The corporation generated earnings of $2.13 per share during the same period the previous year. Compared to the same period the previous year, the revenue for this quarter saw a 15.7% increase.
According to projections made by professionals in equity research, AXIS Capital will bring in a profit of 7.53 cents per share in 2018.
On Thursday, the opening price of a share of AXIS Capital was $52.86.
Trading began that day.
The current price of AXIS Capital represents a 52-week low of $48.32, while the current price of $63.99 represents a 52-week high.
A debt-to-equity ratio comes in at 0.35, a quick ratio at 0.57, and a current ratio at 0.57.
These numbers all add up to the same total.
The stock currently has a simple moving average of $59.39 for the past 50 days, and its simple moving average for the past 200 days is $55.71.
The price-to-earnings ratio for this company is 23.49; the price-to-earnings-growth ratio is 1.50; and the beta value comes in at 0.81.
The company has a market capitalization of $4.48 billion at present.
The following link provides access to several additional reports written about AXS. Keefe, Bruyette & Woods upgraded their rating on the stock to “market perform” and increased their target price on AXIS Capital shares from $62.00 to $64.00 in a research note published on Tuesday.
The Street raised its rating of AXIS Capital by one notch, from “c+” to “b-,” reflecting the findings of a study made available to the public on November 28. Wells Fargo & Company downgraded shares of AXIS Capital from “equal weight” to “underweight” in a research note published on Friday, December 16.
The firm also established a price objective of $55.00 for the stock at the time of the downgrade.
Investment analysts have provided the stock with four unique evaluations, including one recommendation to sell, two to hold, and two to buy. Of these, one recommendation is to sell, two are to hold, and two are to buy.
Analysts who have provided ratings on Bloomberg.com have, on average, given the company a “hold” recommendation and set the target price for the stock at $61.50.
Due to recent occurrences, hedge funds and institutional investors have modified their company stock holdings and taken new positions. US Bancorp DE increased its holdings in AXIS Capital by 447.2% over the first three months of 2018. US Bancorp DE now has 487 shares of the insurance provider’s stock, valued at $30,000, thanks to the purchase of an additional 398 shares during the period in question.
Each share of the stock has a value of $0.01.
Lazard Asset Management LLC made a new investment in AXIS Capital during the year’s first three months.
About $33,000 was exchanged in the course of this business transaction.
During the year’s final three months, Horizon Bank, INC paid approximately $33,000 to acquire a new interest in AXIS Capital.
In the final three months of 2018, Quent Capital LLC saw a 97.5% increase in the proportion of its holdings allocated to AXIS Capital.
As a result of Quent Capital LLC’s purchase of an additional 314 shares of the insurance provider’s stock during the period, the company now holds 636 shares of the company’s stock, which is currently valued at $34,000.
During the second quarter, Private Trust Co NA made a new investment in AXIS Capital stock, which was certainly not the least important thing then.
This acquisition cost approximately $46,000.
Most of the company’s stock is owned by institutional investors and hedge funds, which account for 92.89 percent of the total.
AXIS Capital Holdings Ltd offers a comprehensive portfolio of services and solutions in insurance and reinsurance.
It is active in the insurance and reinsurance sectors of the economy.
Thanks to the Insurance Division, customers have access to a wide variety of insurance options.
These options include protecting their automobiles, homes, boats, businesses, terrorism, aviation, professional lines, liability and accidents, and health.