Axis Capital Holdings Limited (AXS) : Zacks Investment Research ranks Axis Capital Holdings Limited (AXS) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.78, which indicates as a Hold.
Axis Capital Holdings Limited (AXS) stock is expected to deviate a maximum of $4.06 from the average target price of $59 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $65 and the most muted being $54.
Company shares have received an average consensus rating of Hold for the current week Axis Capital Holdings Limited (NYSE:AXS): The stock opened at $56.87 on Thursday but the bulls could not build on the opening and the stock topped out at $56.87 for the day. The stock traded down to $55.99 during the day, due to lack of any buying support eventually closed down at $56.01 with a loss of -1.32% for the day. The stock had closed at $56.76 on the previous day. The total traded volume was 497,603 shares.
In a related news, Gieryn Richard T Jr, officer (EVP, General Counsel & Sec) of Axis Capital Holdings Ltd, unloaded 14,967 shares at an average price of $54.37 on May 20, 2016. The total amount of the transaction was worth $813,756, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
AXIS Capital Holdings Limited is a Bermuda-based holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through operating subsidiaries and branch networks -based in Bermuda, the United States, Canada, Europe, Australia and Singapore. The Company operates in to segments: AXIS Insurance and AXIS Re. The Company also has marketing offices in Brazil, France and Spain. The lines of business in insurance segment include property, marine, terrorism, aviation, credit and political risk, professional lines, liability and accident and health. The reinsurance segment provides non-life reinsurance to insurance companies. The lines of business in insurance segment include catastrophe; property; professional lines; credit and surety; motor; liability; engineering; agriculture, among others.