18,993 Shares in Axis Capital Holdings Limited (AXS) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in Axis Capital Holdings Limited (NYSE:AXS) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 18,993 shares of the insurance provider’s stock, valued at approximately $1,228,000.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Axis Capital Holdings Limited in the 2nd quarter worth about $150,000. BlueMountain Capital Management LLC boosted its position in shares of Axis Capital Holdings Limited by 62.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 2,559 shares of the insurance provider’s stock worth $165,000 after buying an additional 979 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Axis Capital Holdings Limited in the 2nd quarter worth about $203,000. Stephens Inc. AR purchased a new stake in shares of Axis Capital Holdings Limited in the 1st quarter worth about $244,000. Finally, Karp Capital Management Corp purchased a new stake in shares of Axis Capital Holdings Limited in the 1st quarter worth about $295,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Axis Capital Holdings Limited (AXS) opened at 56.39 on Friday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 12.44 and a beta of 0.59. Axis Capital Holdings Limited has a 12-month low of $52.15 and a 12-month high of $71.06. The firm has a 50-day moving average of $57.64 and a 200-day moving average of $63.14.

Axis Capital Holdings Limited (NYSE:AXS) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.12. The firm had revenue of $956.02 million for the quarter, compared to analysts’ expectations of $989.95 million. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. Axis Capital Holdings Limited’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Equities research analysts forecast that Axis Capital Holdings Limited will post $0.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 9th will be paid a $0.38 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.52 dividend on an annualized basis and a yield of 2.72%. This is a boost from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is currently 33.70%.

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Several equities research analysts recently commented on AXS shares. BidaskClub lowered shares of Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price objective (up from $68.00) on shares of Axis Capital Holdings Limited in a research report on Thursday, July 6th. Wells Fargo & Company reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a research report on Thursday, July 6th. Zacks Investment Research lowered shares of Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Citigroup Inc. boosted their price objective on shares of Axis Capital Holdings Limited from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Thursday, July 13th. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Axis Capital Holdings Limited presently has an average rating of “Hold” and an average target price of $63.78.

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.

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

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