Axis Capital Holdings Limited (AXS) Shares Sold by Ajo LP

Ajo LP cut its stake in Axis Capital Holdings Limited (NYSE:AXS) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,309,494 shares of the insurance provider’s stock after selling 6,415 shares during the period. Ajo LP owned approximately 1.57% of Axis Capital Holdings Limited worth $84,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its stake in shares of Axis Capital Holdings Limited by 2.9% during the 1st quarter. Capstone Asset Management Co. now owns 4,688 shares of the insurance provider’s stock worth $314,000 after buying an additional 130 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Axis Capital Holdings Limited by 7.8% during the 1st quarter. ProShare Advisors LLC now owns 13,024 shares of the insurance provider’s stock worth $873,000 after buying an additional 941 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Axis Capital Holdings Limited by 16.0% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,245 shares of the insurance provider’s stock worth $485,000 after buying an additional 1,001 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Axis Capital Holdings Limited by 16.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the insurance provider’s stock worth $188,000 after buying an additional 400 shares during the last quarter. Finally, Capital Fund Management S.A. boosted its stake in shares of Axis Capital Holdings Limited by 7.5% during the 1st quarter. Capital Fund Management S.A. now owns 14,317 shares of the insurance provider’s stock worth $960,000 after buying an additional 998 shares during the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on AXS shares. ValuEngine upgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $67.00 price objective on shares of Axis Capital Holdings Limited in a research note on Friday, August 18th. Zacks Investment Research downgraded shares of Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Finally, Citigroup Inc. upgraded shares of Axis Capital Holdings Limited from a “sell” rating to a “neutral” rating and set a $59.00 price objective for the company in a research note on Monday. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Axis Capital Holdings Limited currently has a consensus rating of “Hold” and an average price target of $66.00.

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Shares of Axis Capital Holdings Limited (NYSE AXS) opened at 58.71 on Tuesday. Axis Capital Holdings Limited has a one year low of $52.15 and a one year high of $71.06. The company has a market capitalization of $4.88 billion, a PE ratio of 12.95 and a beta of 0.61. The stock has a 50 day moving average of $62.49 and a 200-day moving average of $65.02.

Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.12. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The business had revenue of $956.02 million for the quarter, compared to analysts’ expectations of $989.95 million. During the same period in the previous year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts forecast that Axis Capital Holdings Limited will post $3.95 earnings per share for the current fiscal year.

About Axis Capital Holdings Limited

AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.

Institutional Ownership by Quarter for Axis Capital Holdings Limited (NYSE:AXS)

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