World Asset Management Inc decreased its position in shares of Axis Capital Holdings Limited (NYSE:AXS) by 10.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,645 shares of the insurance provider’s stock after selling 655 shares during the period. World Asset Management Inc’s holdings in Axis Capital Holdings Limited were worth $365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AXS. Meeder Asset Management Inc. acquired a new position in shares of Axis Capital Holdings Limited during the second quarter worth about $150,000. Daiwa Securities Group Inc. raised its position in shares of 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 worth $188,000 after buying an additional 400 shares during the period. Macquarie Group Ltd. raised its position in shares of 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 worth $189,000 after buying an additional 700 shares during the period. Assetmark Inc. raised its position in shares of Axis Capital Holdings Limited by 5.0% in the first quarter. Assetmark Inc. now owns 3,347 shares of the insurance provider’s stock worth $224,000 after buying an additional 158 shares during the period. Finally, Stephens Inc. AR acquired a new position in shares of Axis Capital Holdings Limited during the first quarter worth about $244,000. Hedge funds and other institutional investors own 89.74% of the company’s stock.

Axis Capital Holdings Limited (NYSE:AXS) opened at 63.89 on Monday. 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 firm has a 50-day moving average price of $64.43 and a 200-day moving average price of $65.87. Axis Capital Holdings Limited has a one year low of $53.66 and a one year high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $1.31 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 the consensus estimate of $989.95 million. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. Axis Capital Holdings Limited’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. On average, equities analysts predict that Axis Capital Holdings Limited will post $4.01 earnings per share for the current year.

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

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A number of brokerages have recently issued reports on AXS. Zacks Investment Research lowered Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Wells Fargo & Company reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a research report on Thursday, July 27th. Citigroup Inc. increased their target price on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the company a “sell” rating in a research report on Thursday, July 13th. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 target price (up previously from $68.00) on shares of Axis Capital Holdings Limited in a research report on Thursday, July 6th. Finally, ValuEngine upgraded Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.78.

Axis Capital Holdings Limited 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.

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

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