Morgan Stanley Maintains Axis Capital Holdings Limited to Equal-weight with Price Target $60.00

Brokerage firm Morgan Stanley Maintains its rating on Axis Capital Holdings Limited(NYSE:AXS). In a research note issued to the investors, the brokerage major Raises the price-target to $60.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Jul 28, 2016.

In a different note, On May 26, 2016, Janney Capital said it Downgrades its rating on Axis Capital Holdings Limited. The shares have been rated ‘Neutral’ by the firm.

Axis Capital Holdings Limited (AXS) shares turned negative on Thursdays trading session with the shares closing down -0.12 points or -0.22% at a volume of 4,19,516. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $55.98. The peak price level was also seen at $55.98 while the days lowest was $55.57. Finally the shares closed at $55.64. The 52-week high of the shares is $59.99 while the 52-week low is $51.01. According to the latest information available, the market cap of the company is $5,045 M.

Axis Capital Holdings Limited(AXS) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.06B. Analysts had an estimated revenue of $988.75M. Earnings per share were $0.51. Analysts had estimated an EPS of $0.90.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Richard T Jr Gieryn (EVP, General Counsel & Sec) sold 14,967 shares at $54.37 per share price.Also, On May 4, 2016, Wilhelm Zeller (director) sold 9,700 shares at $53.31 per share price.

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.

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