Tag: AXIS Capital

Fitch Rates AXIS’s Preferred Securities

Fitch Ratings has assigned a BBB rating to the $200 million of Series D Preferred Shares expected to be issued by Bermuda-based AXIS Capital Holdings, Limited. On May 13, 2013, AXIS Capital announced that it had priced an offering for $200 million of 5.5 percent Series D Preferred Shares. The company has also granted the underwriters a 30-day option... Read more of this article

Moody’s Affirms AXIS Capital’s Ratings

Moody’s Investors Service on Tuesday [May 14] assigned a Baa3 [hyb] rating to the 5.50 percent Series D preferred shares to be issued by Bermuda’s AXIS Capital Holdings Limite in an amount up to $230 million. AXIS Capital will use the net proceeds from the offering to repurchase all $100 million of its Series A preferred shares [7.25 percent... Read more of this article

AXIS Capital Declares Quarterly Dividend

AXIS Capital Holdings Limited has declared a quarterly dividend of $0.25 per common share. The common dividend will be payable on July 15, 2013 to the shareholders of record at the close of business on June 28, 2013. In addition, the Board declared a dividend of $0.453125 per Series A 7.25% Preferred Share, a dividend of $1.875 per Series B 7.50% Preferred... Read more of this article

Fitch Affirms AXIS Ratings: Stable Outlook

Fitch Ratings affirmed ’A’ Issuer Default Rating [IDR] and ‘A-’ senior debt rating of Bermuda-based AXIS Capital Holdings, Ltd. Additionally, Fitch has affirmed the ‘A+’ Insurer Financial Strength (IFS) ratings of AXIS Capital’s operating subsidiaries. The Rating Outlook is Stable. The ratings agency said,... Read more of this article

Zacks Affirms AXIS “Outperform” Rating

Stock in Bermuda’s AXIS Capital had its “outperform” rating reaffirmed by Zacks in a report released on Monday [Apr. 29]. They currently have a $52.00 target price on the stock. Zacks’ analysts wrote, “AXIS Capital’s first-quarter earnings per share was better than the Zacks Consensus Estimate as well as year ago results. Improvement... Read more of this article

Raymond James Analysts Upgrade AXIS

Bermuda-based Axis Capital was upgraded by equities researchers at Raymond James to an “outperform” rating in a report issued on Friday [Apr. 26]. Axis Capital posted its quarterly earnings results on Thursday, April 25. The company reported $1.92 earnings per share [EPS] for the quarter, beating the consensus estimate of $1.17 by $0.75. The company... Read more of this article

AXIS: “We Had A Very Good First Quarter”

Bermuda-based AXIS Capital Holdings Limited on Thursday [Apr. 25] reported net income available to common shareholders for the first quarter of 2013 of $303 million, or $2.55 per diluted common share, compared with $122 million, or $0.96 per diluted common share, for the first quarter of 2012. Operating income for the first quarter of 2013 was $227... Read more of this article

BMO Capital: “Outperform” Rating For Axis

BMO Capital Markets initiated coverage on shares of Bermuda’s Axis Capital in a research note issued today [Apr. 18], AnalystRatings.Net reports. The firm set an “outperform” rating on the stock. A number of other analysts have also recently weighed in on AXS. Analysts at Goldman Sachs downgraded shares of Axis Capital from a “buy” rating... Read more of this article

AXIS Appoints Wilson: U.S. Insurance President

Bermuda-based AXIS Capital Holdings Limited has appointed Peter Wilson as its President of U.S. Insurance. At AXIS, Mr. Wilson will be responsible for the management of all of the Company’s U.S. Insurance operations, including the Professional Lines and Property and Casualty Divisions. Mr. Wilson will join AXIS in May and will be based in the Company’s... Read more of this article

AXIS To Release First Quarter Results

Bermuda-based AXIS Capital Holdings Limited today [Mar. 29] announced that it expects to release financial results for the first quarter ended March 31, 2013 on Thursday, April 25, 2013, after the close of the financial markets. Albert Benchimol, CEO and President, and Joseph C. Henry, CFO, will host an investor teleconference, including a question... Read more of this article