Axis Capital Holdings Limited (AXS) is Initiated by Citigroup to Sell

Axis Capital Holdings Limited (AXS) was Initiated by Citigroup to “Sell”. Citigroup advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on Axis Capital Holdings Limited. Axis Capital Holdings Limited was Downgraded by Goldman to ” Sell” on Nov 15, 2016.

On the company’s financial health, Axis Capital Holdings Limited reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.74 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.04. The company had revenue of $595.43 million for the quarter, compared to analysts expectations of $711.40 million. The company’s revenue was down -12.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.

Axis Capital Holdings Limited closed down -0.11 points or -0.18% at $61.2 with 4,47,498 shares getting traded on Monday. Post opening the session at $61.08, the shares hit an intraday low of $60.99 and an intraday high of $61.48 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 18, 2016, Christopher N. Disipio (CEO, Accident & Health) sold 500 shares at $61.04 per share price. According to the SEC, on Oct 17, 2016, Michael A Butt (director) sold 40,673 shares at $57.01 per share price. On Sep 12, 2016, Richard T Jr Gieryn (EVP, General Counsel & Sec) sold 10,400 shares at $56.15 per share price, according to the Form-4 filing with the securities and exchange commission.

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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Axis Capital Holdings Limited - Is it time to Sell?

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