Axis Capital Holdings Limited (NYSE:AXS) Shares Bought by LS Investment Advisors LLC

LS Investment Advisors LLC increased its position in Axis Capital Holdings Limited (NYSE:AXS) by 6.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,363 shares of the insurance provider’s stock after buying an additional 318 shares during the period. LS Investment Advisors LLC’s holdings in Axis Capital Holdings Limited were worth $347,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Axis Capital Holdings Limited by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,151,654 shares of the insurance provider’s stock valued at $546,405,000 after buying an additional 234,043 shares during the period. BlackRock Inc. boosted its stake in Axis Capital Holdings Limited by 3,740.9% in the first quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock valued at $451,855,000 after buying an additional 6,565,613 shares during the period. State Street Corp boosted its stake in Axis Capital Holdings Limited by 2.6% in the first quarter. State Street Corp now owns 3,093,192 shares of the insurance provider’s stock valued at $207,334,000 after buying an additional 79,832 shares during the period. LSV Asset Management boosted its stake in Axis Capital Holdings Limited by 0.6% in the first quarter. LSV Asset Management now owns 1,892,912 shares of the insurance provider’s stock valued at $126,881,000 after buying an additional 12,100 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Axis Capital Holdings Limited by 27.4% in the first quarter. Wells Fargo & Company MN now owns 1,091,883 shares of the insurance provider’s stock valued at $73,189,000 after buying an additional 234,985 shares during the period. Institutional investors own 89.86% of the company’s stock.

Axis Capital Holdings Limited (NYSE:AXS) traded down 0.19% during midday trading on Friday, hitting $63.89. The stock had a trading volume of 374,580 shares. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 14.10 and a beta of 0.60. The company has a 50-day moving average of $64.43 and a 200-day moving average of $65.87. Axis Capital Holdings Limited has a 1-year low of $53.66 and a 1-year high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.12. The company had revenue of $956.02 million for the quarter, compared to analysts’ expectations of $989.95 million. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities research analysts forecast that Axis Capital Holdings Limited will post $4.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.38 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.52 annualized dividend and a yield of 2.38%. Axis Capital Holdings Limited’s payout ratio is 33.70%.

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Several research firms have recently weighed in on AXS. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $64.00 target price on shares of Axis Capital Holdings Limited in a research report on Friday, June 2nd. Wells Fargo & Company reaffirmed a “sell” rating on shares of Axis Capital Holdings Limited in a research report on Thursday, July 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price target (up from $68.00) on shares of Axis Capital Holdings Limited in a report on Thursday, July 6th. Finally, Citigroup Inc. upped their price objective on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the stock a “sell” rating in a research note on Thursday, July 13th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Axis Capital Holdings Limited presently has a consensus rating of “Hold” and a consensus price target of $66.78.

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.

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

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