BT Investment Management Ltd bought a new stake in Axis Capital Holdings Limited (NYSE:AXS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 82,727 shares of the insurance provider’s stock, valued at approximately $5,349,000. BT Investment Management Ltd owned about 0.10% of Axis Capital Holdings Limited as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in AXS. BlackRock Inc. increased its position in shares of Axis Capital Holdings Limited by 3,740.9% in the first quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock valued at $451,855,000 after acquiring an additional 6,565,613 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Axis Capital Holdings Limited by 63.2% in the first quarter. JPMorgan Chase & Co. now owns 746,488 shares of the insurance provider’s stock valued at $50,038,000 after acquiring an additional 289,144 shares during the last quarter. Sei Investments Co. increased its position in shares of Axis Capital Holdings Limited by 354.0% in the second quarter. Sei Investments Co. now owns 364,831 shares of the insurance provider’s stock valued at $23,590,000 after acquiring an additional 284,474 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Axis Capital Holdings Limited by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,151,654 shares of the insurance provider’s stock valued at $546,405,000 after acquiring an additional 234,043 shares during the last quarter. Finally, Credit Agricole S A increased its position in shares of Axis Capital Holdings Limited by 293.8% in the first quarter. Credit Agricole S A now owns 177,558 shares of the insurance provider’s stock valued at $11,901,000 after acquiring an additional 132,466 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Axis Capital Holdings Limited (NYSE:AXS) traded up 0.36% during trading on Friday, reaching $58.12. The company had a trading volume of 949,175 shares. Axis Capital Holdings Limited has a one year low of $52.15 and a one year high of $71.06. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 12.82 and a beta of 0.61. The company has a 50-day moving average price of $61.68 and a 200 day moving average price of $64.74.

Axis Capital Holdings Limited (NYSE:AXS) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.12. The firm had revenue of $956.02 million during the quarter, compared to analyst estimates of $989.95 million. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Analysts expect that Axis Capital Holdings Limited will post $3.95 earnings per share for the current year.

A number of analysts recently issued reports on the company. Citigroup Inc. raised Axis Capital Holdings Limited from a “sell” rating to a “neutral” rating and set a $59.00 target price on the stock in a research report on Monday, September 11th. ValuEngine cut Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Buckingham Research started coverage on Axis Capital Holdings Limited in a report on Monday, September 11th. They set a “neutral” rating and a $58.00 price target for the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 price target on shares of Axis Capital Holdings Limited in a report on Friday, August 18th. Finally, Zacks Investment Research cut Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $66.00.

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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.

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

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