Boston Partners lowered its stake in shares of Axis Capital Holdings Limited (NYSE:AXS) by 49.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,802 shares of the insurance provider’s stock after selling 98,499 shares during the period. Boston Partners owned about 0.12% of Axis Capital Holdings Limited worth $6,389,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of Axis Capital Holdings Limited during the second quarter valued at about $150,000. Daiwa Securities Group Inc. raised its position in Axis Capital Holdings Limited by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the insurance provider’s stock valued at $188,000 after buying an additional 400 shares during the last quarter. Macquarie Group Ltd. raised its position in Axis Capital Holdings Limited by 31.8% in the fourth quarter. Macquarie Group Ltd. now owns 2,900 shares of the insurance provider’s stock valued at $189,000 after buying an additional 700 shares during the last quarter. Assetmark Inc. raised its position in Axis Capital Holdings Limited by 5.0% in the first quarter. Assetmark Inc. now owns 3,347 shares of the insurance provider’s stock valued at $224,000 after buying an additional 158 shares during the last quarter. Finally, Stephens Inc. AR acquired a new position in Axis Capital Holdings Limited during the first quarter valued at $244,000. 89.74% of the stock is owned by institutional investors.
Axis Capital Holdings Limited (NYSE:AXS) opened at 63.48 on Friday. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 14.01 and a beta of 0.60. Axis Capital Holdings Limited has a one year low of $53.66 and a one year high of $71.06. The firm has a 50-day moving average of $64.35 and a 200-day moving average of $65.84.
Axis Capital Holdings Limited (NYSE:AXS) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $989.95 million. During the same period last year, the business posted $0.51 EPS. Axis Capital Holdings Limited’s revenue was down 5.1% compared to the same quarter last year. Analysts anticipate that Axis Capital Holdings Limited will post $4.01 EPS for the current year.
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AXS has been the topic of several recent research reports. Zacks Investment Research lowered shares of Axis Capital Holdings Limited from a “hold” rating to a “strong sell” rating in a report on Monday, May 8th. ValuEngine upgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 target price on shares of Axis Capital Holdings Limited in a report on Friday, June 2nd. Finally, Wells Fargo & Company restated a “sell” rating on shares of Axis Capital Holdings Limited in a report on Thursday, July 6th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.11.
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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