Bank of New York Mellon Corp decreased its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,755 shares of the insurance provider’s stock after selling 8,701 shares during the period. Bank of New York Mellon Corp owned 0.46% of Axis Capital Holdings Limited worth $24,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Axis Capital Holdings Limited by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 8,151,654 shares of the insurance provider’s stock valued at $546,405,000 after purchasing an additional 234,043 shares during the last quarter. BlackRock Inc. raised its position in Axis Capital Holdings Limited by 3,740.9% during the 1st quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock valued at $451,855,000 after purchasing an additional 6,565,613 shares during the last quarter. State Street Corp raised its position in Axis Capital Holdings Limited by 2.6% during the 1st quarter. State Street Corp now owns 3,093,192 shares of the insurance provider’s stock valued at $207,334,000 after purchasing an additional 79,832 shares during the last quarter. JPMorgan Chase & Co. raised its position in Axis Capital Holdings Limited by 63.2% during the 1st quarter. JPMorgan Chase & Co. now owns 746,488 shares of the insurance provider’s stock valued at $50,038,000 after purchasing an additional 289,144 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Axis Capital Holdings Limited by 5.2% during the 2nd quarter. First Trust Advisors LP now owns 528,552 shares of the insurance provider’s stock valued at $34,176,000 after purchasing an additional 25,923 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

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AXS has been the subject of a number of recent analyst reports. ValuEngine raised Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reissued 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. BidaskClub lowered Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Morgan Stanley reissued an “equal weight” rating and issued 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. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $66.00.

Shares of Axis Capital Holdings Limited (NYSE AXS) opened at 59.38 on Thursday. The company has a 50 day moving average price of $62.21 and a 200 day moving average price of $64.91. Axis Capital Holdings Limited has a 1-year low of $52.15 and a 1-year high of $71.06. The stock has a market cap of $4.94 billion, a P/E ratio of 13.10 and a beta of 0.61.

Axis Capital Holdings Limited (NYSE:AXS) last posted its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.12. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The firm had revenue of $956.02 million during the quarter, compared to the consensus estimate of $989.95 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. On average, equities analysts anticipate that Axis Capital Holdings Limited will post $3.85 EPS for the current year.

Axis Capital Holdings Limited 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 Holdings Limited (NYSE:AXS)

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