Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in shares of Axis Capital Holdings Limited (NYSE:AXS) by 22.6% in the 4th quarter, HoldingsChannel reports. The fund owned 10,874 shares of the insurance provider’s stock after selling 3,181 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Axis Capital were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AXS. Stifel Financial Corp grew its holdings in Axis Capital by 13.5% during the 2nd quarter. Stifel Financial Corp now owns 7,837 shares of the insurance provider’s stock worth $507,000 after acquiring an additional 930 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Axis Capital during the 2nd quarter worth $207,000. Nomura Holdings Inc. acquired a new position in Axis Capital during the 2nd quarter worth $464,000. Advisory Services Network LLC grew its holdings in Axis Capital by 2.9% during the 2nd quarter. Advisory Services Network LLC now owns 8,111 shares of the insurance provider’s stock worth $524,000 after acquiring an additional 225 shares in the last quarter. Finally, Shell Asset Management Co. grew its holdings in Axis Capital by 92.2% during the 3rd quarter. Shell Asset Management Co. now owns 189,880 shares of the insurance provider’s stock worth $8,987,000 after acquiring an additional 91,084 shares in the last quarter. 85.27% of the stock is owned by institutional investors.

In other Axis Capital news, EVP Conrad D. Brooks sold 7,500 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.31, for a total transaction of $392,325.00. Following the sale, the executive vice president now directly owns 6,027 shares in the company, valued at approximately $315,272.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.89% of the stock is currently owned by insiders.

AXS has been the subject of several research reports. MKM Partners decreased their price target on shares of Axis Capital from $80.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Wells Fargo & Co set a $54.00 price target on shares of Axis Capital and gave the company a “sell” rating in a report on Thursday, October 26th. TheStreet lowered shares of Axis Capital from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Morgan Stanley decreased their price target on shares of Axis Capital from $70.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Axis Capital from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.22.

Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at $49.20 on Wednesday. Axis Capital Holdings Limited has a 52-week low of $47.99 and a 52-week high of $71.06. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21.

Axis Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). The firm had revenue of $729.42 million during the quarter, compared to the consensus estimate of $549.41 million. Axis Capital had a negative net margin of 8.04% and a negative return on equity of 4.39%. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. sell-side analysts expect that Axis Capital Holdings Limited will post 4.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from Axis Capital’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.17%. Axis Capital’s dividend payout ratio (DPR) is currently -31.20%.

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Axis Capital 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 (NYSE:AXS)

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