AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP trimmed its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXSFree Report) by 1.2% during the second quarter, Holdings Channel.com reports. The firm owned 15,133 shares of the insurance provider’s stock after selling 181 shares during the quarter. Wakefield Asset Management LLLP’s holdings in AXIS Capital were worth $1,069,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in AXIS Capital during the 4th quarter valued at about $52,845,000. ING Groep NV acquired a new position in shares of AXIS Capital during the fourth quarter valued at approximately $1,168,000. Toronto Dominion Bank bought a new stake in AXIS Capital during the first quarter worth approximately $5,137,000. Foundry Partners LLC lifted its position in AXIS Capital by 35.6% in the first quarter. Foundry Partners LLC now owns 85,803 shares of the insurance provider’s stock worth $5,579,000 after purchasing an additional 22,540 shares during the period. Finally, M&G Investment Management Ltd. acquired a new stake in AXIS Capital in the fourth quarter worth approximately $7,815,000. 93.44% of the stock is currently owned by institutional investors.

AXIS Capital Stock Performance

AXIS Capital stock opened at $76.70 on Friday. AXIS Capital Holdings Limited has a fifty-two week low of $52.90 and a fifty-two week high of $80.50. The firm’s 50 day simple moving average is $73.78 and its 200-day simple moving average is $68.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $6.49 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.27 and a beta of 0.89.

AXIS Capital (NYSE:AXSGet Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.41. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.49 billion. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.23 EPS. As a group, equities research analysts predict that AXIS Capital Holdings Limited will post 10.7 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on AXIS Capital from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Bank of America upped their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Roth Mkm lifted their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group increased their target price on shares of AXIS Capital from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company lifted their price target on shares of AXIS Capital from $63.00 to $74.00 and gave the stock an “underweight” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $76.29.

Get Our Latest Research Report on AXS

AXIS Capital Company Profile

(Free Report)

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.

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Institutional Ownership by Quarter for AXIS Capital (NYSE:AXS)

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