LSV Asset Management boosted its position in Axis Capital Holdings Ltd. (NYSE:AXS) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,836,262 shares of the company’s stock after buying an additional 9,600 shares during the period. LSV Asset Management owned about 2.08% of Axis Capital Holdings worth $99,764,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AXS. First Interstate Bank purchased a new stake in shares of Axis Capital Holdings during the second quarter worth $110,000. Assetmark Inc. purchased a new stake in shares of Axis Capital Holdings during the second quarter worth $111,000. MU Investments Co. Ltd. purchased a new stake in shares of Axis Capital Holdings during the second quarter worth $119,000. Daiwa SB Investments Ltd. boosted its stake in shares of Axis Capital Holdings by 8.3% in the second quarter. Daiwa SB Investments Ltd. now owns 3,260 shares of the company’s stock worth $172,000 after buying an additional 250 shares during the last quarter. Finally, First Quadrant L P CA purchased a new stake in shares of Axis Capital Holdings during the third quarter worth $203,000. Institutional investors and hedge funds own 88.17% of the company’s stock.

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

Axis Capital Holdings Ltd. (NYSE:AXS) opened at 61.77 on Tuesday. The firm has a market cap of $5.46 billion, a PE ratio of 12.35 and a beta of 0.47. Axis Capital Holdings Ltd. has a 52 week low of $51.01 and a 52 week high of $62.71. The stock has a 50 day moving average of $58.43 and a 200-day moving average of $55.73.

Axis Capital Holdings (NYSE:AXS) last posted its earnings results on Wednesday, October 26th. The company reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.73. Axis Capital Holdings had a return on equity of 8.62% and a net margin of 12.81%. The company earned $595.43 million during the quarter, compared to the consensus estimate of $710.69 million. During the same quarter last year, the firm earned $0.51 earnings per share. The company’s revenue was down 12.1% on a year-over-year basis. Analysts expect that Axis Capital Holdings Ltd. will post $4.21 earnings per share for the current year.

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AXS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Axis Capital Holdings from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Tuesday, November 8th. Citigroup Inc. initiated coverage on shares of Axis Capital Holdings in a research note on Tuesday, November 22nd. They set a “sell” rating and a $55.00 target price for the company. Finally, Goldman Sachs Group Inc. cut shares of Axis Capital Holdings from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Axis Capital Holdings presently has an average rating of “Hold” and a consensus price target of $59.50.

In related news, Director Michael A. Butt sold 40,673 shares of the business’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $57.01, for a total value of $2,318,767.73. Following the completion of the transaction, the director now owns 1,161,675 shares of the company’s stock, valued at $66,227,091.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard T. Gieryn, Jr. sold 10,400 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $56.15, for a total value of $583,960.00. Following the completion of the transaction, the executive vice president now directly owns 15,958 shares of the company’s stock, valued at approximately $896,041.70. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

About Axis Capital Holdings

AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re.

5 Day Chart for NYSE:AXS

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