Axis Capital Holdings Limited (AXS) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Axis Capital Holdings Limited (AXS) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $1.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $1.08. The company posted revenue of $1686.00 million in the period, compared to analysts expectations of $1469.20 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS.

Many Wall Street Analysts have commented on Axis Capital Holdings Limited. Shares were Downgraded by UBS on Feb 16, 2016 to ” Neutral” and Lowered the Price Target to $ 54 from a previous price target of $59 .

Axis Capital Holdings Limited opened for trading at $54.18 and hit $54.74 on the upside on Friday, eventually ending the session at $54.74, with a gain of 1.33% or 0.72 points. The heightened volatility saw the trading volume jump to 2,72,764 shares. Company has a market cap of $5,196 M.

In a different news, on Mar 7, 2016, Richard T Jr Gieryn (EVP, General Counsel & Sec) sold 15,697 shares at $54.93 per share price. According to the SEC, on Aug 10, 2015, Wilhelm Zeller (director) sold 1,725 shares at $57.16 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.

Axis Capital Holdings Limited

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