Axis Capital (AXS) Approves $750M Buyback Plan
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Price: $95.24 +0.46%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
EPS Growth %: -13.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
EPS Growth %: -13.5%
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Axis Capital Holdings Ltd. (NYSE: AXS) announced that the Company’s Board of Directors has authorized the Company to repurchase $750 million of the Company’s common shares. The Board has authorized the Company to effect repurchases under this new plan from time to time in open market or privately negotiated transactions through December 31, 2014, depending on market conditions. This new repurchase authorization, effective January 1, 2013, will replace the existing authorization, which has $236 million available through December 31, 2012.
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