C M Bidwell & Associates Ltd. bought a new stake in shares of Axis Capital Holdings Limited (NYSE:AXS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,065 shares of the insurance provider’s stock, valued at approximately $119,000.
Other large investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its stake in Axis Capital by 179.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,900 shares of the insurance provider’s stock valued at $106,000 after acquiring an additional 1,220 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Axis Capital by 1,144.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 20,925 shares of the insurance provider’s stock valued at $172,000 after buying an additional 19,243 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Axis Capital during the 2nd quarter valued at about $230,000. Oakbrook Investments LLC acquired a new stake in shares of Axis Capital during the 3rd quarter valued at about $233,000. Finally, Royal Bank of Canada lifted its holdings in shares of Axis Capital by 88.7% during the 1st quarter. Royal Bank of Canada now owns 5,832 shares of the insurance provider’s stock valued at $336,000 after buying an additional 2,741 shares during the last quarter. 89.64% of the stock is currently owned by institutional investors.
Shares of Axis Capital stock opened at $54.28 on Thursday. The stock has a market cap of $4.54 billion, a PE ratio of 13.81, a PEG ratio of 1.72 and a beta of 0.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.56 and a quick ratio of 0.56. Axis Capital Holdings Limited has a 52-week low of $47.43 and a 52-week high of $60.69.
Axis Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.27. Axis Capital had a return on equity of 8.02% and a net margin of 3.91%. The business had revenue of $919.94 million during the quarter, compared to analyst estimates of $987.27 million. During the same period in the previous year, the company earned ($5.35) EPS. The firm’s revenue was up 10.5% on a year-over-year basis. Equities analysts expect that Axis Capital Holdings Limited will post 3.72 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on AXS. Zacks Investment Research lowered Axis Capital from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. TheStreet upgraded Axis Capital from a “c” rating to a “b-” rating in a report on Thursday, October 25th. Wells Fargo & Co reiterated a “hold” rating and set a $60.00 price target on shares of Axis Capital in a report on Thursday, November 8th. Citigroup set a $60.00 price target on Axis Capital and gave the company a “hold” rating in a report on Thursday, November 8th. Finally, Morgan Stanley reduced their price target on Axis Capital from $65.00 to $63.00 and set a “hold” rating for the company in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $59.43.
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About Axis Capital
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.
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