Eaton Vance Management boosted its position in Axis Capital Holdings Ltd. (NYSE:AXS) by 13.9% during the second quarter, Holdings Channel reports. The fund owned 5,637 shares of the company’s stock after buying an additional 686 shares during the period. Eaton Vance Management’s holdings in Axis Capital Holdings were worth $310,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. First Interstate Bank purchased a new stake in Axis Capital Holdings during the second quarter worth approximately $110,000. Assetmark Inc. purchased a new stake in Axis Capital Holdings during the second quarter worth approximately $111,000. MU Investments Co. Ltd. purchased a new stake in Axis Capital Holdings during the second quarter worth approximately $119,000. Daiwa SB Investments Ltd. boosted its stake in Axis Capital Holdings by 8.3% in the second quarter. Daiwa SB Investments Ltd. now owns 3,260 shares of the company’s stock worth $172,000 after buying an additional 250 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in Axis Capital Holdings by 0.6% in the second quarter. Synovus Financial Corp now owns 4,314 shares of the company’s stock worth $241,000 after buying an additional 26 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.
Axis Capital Holdings Ltd. (NYSE:AXS) traded up 0.11% on Friday, hitting $54.33. 515,813 shares of the company were exchanged. The stock’s 50-day moving average price is $55.65 and its 200-day moving average price is $54.73. The stock has a market capitalization of $4.93 billion, a P/E ratio of 9.64 and a beta of 0.78. Axis Capital Holdings Ltd. has a 52-week low of $51.01 and a 52-week high of $57.98.
Axis Capital Holdings (NYSE:AXS) last issued its earnings results on Tuesday, July 26th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $983.53 million. Axis Capital Holdings had a return on equity of 6.44% and a net margin of 14.19%. Axis Capital Holdings’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. On average, equities research analysts anticipate that Axis Capital Holdings Ltd. will post $3.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, September 29th. This is a positive change from Axis Capital Holdings’s previous quarterly dividend of $0.29. Axis Capital Holdings’s dividend payout ratio is currently 25.04%.
AXS has been the topic of several recent analyst reports. Citigroup Inc. reiterated a “neutral” rating on shares of Axis Capital Holdings in a research report on Tuesday, June 21st. Zacks Investment Research upgraded shares of Axis Capital Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Morgan Stanley lifted their price objective on shares of Axis Capital Holdings from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, July 28th. Eight analysts have rated the stock with a hold rating, Axis Capital Holdings currently has a consensus rating of “Hold” and an average target price of $59.00.
In other Axis Capital Holdings news, EVP Richard T. Gieryn, Jr. sold 10,400 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $56.15, for a total value of $583,960.00. Following the sale, the executive vice president now owns 15,958 shares in the company, valued at approximately $896,041.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.
About Axis Capital Holdings
AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re.
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