Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 90.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,093 shares of the insurance provider’s stock after selling 39,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Axis Capital were worth $235,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. BlueMountain Capital Management LLC increased its stake in shares of Axis Capital by 62.0% during the second quarter. BlueMountain Capital Management LLC now owns 2,559 shares of the insurance provider’s stock worth $165,000 after buying an additional 979 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Axis Capital during the second quarter worth approximately $203,000. Toronto Dominion Bank increased its stake in shares of Axis Capital by 237.6% during the third quarter. Toronto Dominion Bank now owns 3,572 shares of the insurance provider’s stock worth $205,000 after buying an additional 2,514 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Axis Capital during the second quarter worth approximately $207,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Axis Capital during the third quarter worth approximately $256,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Axis Capital Holdings Limited (NYSE:AXS) opened at $50.25 on Friday. Axis Capital Holdings Limited has a one year low of $49.80 and a one year high of $71.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.51 and a quick ratio of 0.51.

Axis Capital (NYSE:AXS) last announced its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($5.34) by ($0.01). The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $972.10 million. Axis Capital had a negative return on equity of 2.59% and a negative net margin of 4.55%. During the same quarter last year, the business posted $1.78 earnings per share. research analysts forecast that Axis Capital Holdings Limited will post -2.2 EPS for the current year.

A number of analysts recently weighed in on the stock. Buckingham Research assumed coverage on shares of Axis Capital in a research note on Monday, September 11th. They set a “neutral” rating and a $58.00 target price on the stock. ValuEngine lowered shares of Axis Capital from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Citigroup upgraded shares of Axis Capital from a “sell” rating to a “neutral” rating and set a $59.00 target price on the stock in a research note on Monday, September 11th. UBS dropped their price target on shares of Axis Capital from $57.00 to $55.00 and set a “sell” rating on the stock in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Axis Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Axis Capital presently has a consensus rating of “Hold” and a consensus target price of $61.45.

In other news, EVP Conrad D. Brooks sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.31, for a total transaction of $392,325.00. Following the transaction, the executive vice president now directly owns 6,027 shares in the company, valued at $315,272.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.89% of the company’s stock.

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Axis Capital 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 (NYSE:AXS)

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