Parametric Portfolio Associates LLC lifted its position in shares of Axis Capital Holdings Limited (NYSE:AXS) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 425,702 shares of the insurance provider’s stock after purchasing an additional 19,938 shares during the period. Parametric Portfolio Associates LLC owned about 0.51% of Axis Capital Holdings Limited worth $27,526,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Axis Capital Holdings Limited during the second quarter worth $150,000. BlueMountain Capital Management LLC increased its holdings in Axis Capital Holdings Limited by 62.0% in the second quarter. BlueMountain Capital Management LLC now owns 2,559 shares of the insurance provider’s stock valued at $165,000 after buying an additional 979 shares during the last quarter. Quantbot Technologies LP purchased a new position in Axis Capital Holdings Limited in the second quarter valued at $203,000. Stephens Inc. AR purchased a new position in Axis Capital Holdings Limited in the first quarter valued at $244,000. Finally, Karp Capital Management Corp purchased a new position in Axis Capital Holdings Limited in the first quarter valued at $295,000. 86.23% of the stock is owned by institutional investors and hedge funds.

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Shares of Axis Capital Holdings Limited (AXS) opened at 57.31 on Monday. Axis Capital Holdings Limited has a 52-week low of $52.15 and a 52-week high of $71.06. The stock’s 50 day moving average price is $61.28 and its 200-day moving average price is $64.48. The firm has a market cap of $4.77 billion, a PE ratio of 12.65 and a beta of 0.59.

Axis Capital Holdings Limited (NYSE:AXS) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.12. The company had revenue of $956.02 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. On average, equities research analysts anticipate that Axis Capital Holdings Limited will post $4.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 9th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is presently 33.70%.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Citigroup Inc. raised Axis Capital Holdings Limited from a “sell” rating to a “neutral” rating and set a $59.00 price objective for the company in a research report on Monday, September 11th. ValuEngine downgraded Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. UBS AG dropped their price objective on Axis Capital Holdings Limited from $62.00 to $57.00 and set a “sell” rating on the stock in a report on Tuesday, September 19th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $67.00 target price on shares of Axis Capital Holdings Limited in a research report on Friday, August 18th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $65.60.

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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