Teachers Advisors LLC lifted its stake in shares of Axis Capital Holdings Limited (NYSE:AXS) by 5.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 130,480 shares of the insurance provider’s stock after acquiring an additional 6,370 shares during the period. Teachers Advisors LLC owned approximately 0.16% of Axis Capital Holdings Limited worth $8,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AXS. BlackRock Inc. lifted its holdings in shares of 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 worth $451,855,000 after acquiring an additional 6,565,613 shares during the last quarter. Sei Investments Co. lifted its stake in 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 worth $23,590,000 after purchasing an additional 284,474 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 worth $546,405,000 after purchasing an additional 234,043 shares during the last quarter. KBC Group NV lifted its stake in Axis Capital Holdings Limited by 172.5% in the second quarter. KBC Group NV now owns 182,741 shares of the insurance provider’s stock worth $11,816,000 after purchasing an additional 115,676 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Axis Capital Holdings Limited in the second quarter worth $7,357,000. 86.23% of the stock is owned by institutional investors.

Several analysts have weighed in on the stock. UBS AG lowered their price target on shares of Axis Capital Holdings Limited from $57.00 to $55.00 and set a “sell” rating for the company in a research note on Monday. Citigroup Inc. lowered their price target on shares of Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company reissued a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, BidaskClub downgraded shares of Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.78.

Axis Capital Holdings Limited (NYSE:AXS) opened at 56.42 on Thursday. The stock has a market cap of $4.69 billion, a PE ratio of 12.45 and a beta of 0.59. The firm has a 50 day moving average of $58.93 and a 200-day moving average of $63.59. Axis Capital Holdings Limited has a 52-week low of $52.15 and a 52-week high of $71.06.

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 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 business had revenue of $956.02 million during the quarter, compared to analyst estimates of $989.95 million. During the same quarter last year, the business earned $0.51 earnings per share. Axis Capital Holdings Limited’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities analysts anticipate that Axis Capital Holdings Limited will post $4.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 9th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.52 annualized dividend and a yield of 2.69%. This is a positive change from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is 33.70%.

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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.

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

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