Axis Capital Holdings Limited (AXS) Stake Lowered by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its holdings in Axis Capital Holdings Limited (NYSE:AXS) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,598 shares of the insurance provider’s stock after selling 2,400 shares during the period. Nomura Asset Management Co. Ltd. owned 0.07% of Axis Capital worth $3,358,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its position in shares of Axis Capital by 1.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,678,214 shares of the insurance provider’s stock valued at $108,514,000 after purchasing an additional 27,465 shares during the period. Northern Trust Corp grew its position in Axis Capital by 1.3% during the second quarter. Northern Trust Corp now owns 1,143,841 shares of the insurance provider’s stock valued at $73,960,000 after acquiring an additional 14,526 shares during the period. Wells Fargo & Company MN grew its position in Axis Capital by 0.5% during the third quarter. Wells Fargo & Company MN now owns 1,097,922 shares of the insurance provider’s stock valued at $62,922,000 after acquiring an additional 5,941 shares during the period. Bessemer Group Inc. grew its position in Axis Capital by 2,474.1% during the third quarter. Bessemer Group Inc. now owns 819,192 shares of the insurance provider’s stock valued at $46,948,000 after acquiring an additional 787,368 shares during the period. Finally, Swiss National Bank grew its position in Axis Capital by 0.3% during the third quarter. Swiss National Bank now owns 759,346 shares of the insurance provider’s stock valued at $43,518,000 after acquiring an additional 2,000 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Conrad D. Brooks sold 7,500 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $52.31, for a total value of $392,325.00. Following the completion of the sale, the executive vice president now owns 6,027 shares of the company’s stock, valued at $315,272.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.89% of the stock is owned by corporate insiders.

Shares of Axis Capital Holdings Limited (NYSE AXS) opened at $50.25 on Monday. Axis Capital Holdings Limited has a 1 year low of $49.80 and a 1 year high of $71.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.51 and a current ratio of 0.51.

Axis Capital (NYSE:AXS) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.34) by ($0.01). Axis Capital had a negative return on equity of 2.59% and a negative net margin of 4.55%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $972.10 million. During the same period in the previous year, the company earned $1.78 EPS. analysts anticipate that Axis Capital Holdings Limited will post -2.2 EPS for the current fiscal year.

A number of equities research analysts have issued reports on AXS shares. MKM Partners lowered their price target on Axis Capital from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Bank of America lowered their price target on Axis Capital from $73.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 13th. TheStreet downgraded Axis Capital from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. Morgan Stanley lowered their price target on Axis Capital from $70.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 31st. Finally, ValuEngine downgraded Axis Capital from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $61.45.

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Axis Capital Company Profile

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 (NYSE:AXS)

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