M&T Bank Corp raised its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,137 shares of the insurance provider’s stock after acquiring an additional 42 shares during the quarter. M&T Bank Corp’s holdings in Axis Capital Holdings Limited were worth $849,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nepsis Capital Management Inc. boosted its stake in shares of Axis Capital Holdings Limited by 106.6% in the second quarter. Nepsis Capital Management Inc. now owns 80,774 shares of the insurance provider’s stock worth $5,223,000 after acquiring an additional 41,673 shares during the period. Dai Ichi Life Insurance Company Ltd grew its position in shares of Axis Capital Holdings Limited by 6.0% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 80,116 shares of the insurance provider’s stock worth $5,180,000 after purchasing an additional 4,554 shares in the last quarter. BT Investment Management Ltd purchased a new stake in shares of Axis Capital Holdings Limited during the second quarter worth about $5,349,000. Renaissance Technologies LLC grew its position in shares of Axis Capital Holdings Limited by 48.8% during the first quarter. Renaissance Technologies LLC now owns 165,300 shares of the insurance provider’s stock worth $11,080,000 after purchasing an additional 54,200 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Axis Capital Holdings Limited by 3,740.9% during the first quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock worth $451,855,000 after purchasing an additional 6,565,613 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

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Several analysts recently issued reports on the company. Citigroup Inc. decreased their target price on Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday. UBS AG lowered their price target on Axis Capital Holdings Limited from $57.00 to $55.00 and set a “sell” rating on the stock in a report on Monday. Zacks Investment Research downgraded Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. ValuEngine downgraded Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $67.00 price objective on shares of Axis Capital Holdings Limited in a report on Friday, August 18th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $65.30.

Axis Capital Holdings Limited (AXS) opened at 57.21 on Wednesday. The firm’s 50-day moving average price is $59.15 and its 200 day moving average price is $63.64. Axis Capital Holdings Limited has a 12-month low of $52.15 and a 12-month high of $71.06. The stock has a market cap of $4.76 billion, a PE ratio of 12.62 and a beta of 0.59.

Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.12. The company had revenue of $956.02 million during the quarter, compared to the consensus estimate of $989.95 million. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. Axis Capital Holdings Limited’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Analysts anticipate that Axis Capital Holdings Limited will post $4.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 9th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, October 5th. This is an increase from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. This represents a $1.52 dividend on an annualized basis and a yield of 2.66%. Axis Capital Holdings Limited’s payout ratio is 33.70%.

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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