Nationwide Fund Advisors cut its position in shares of Axis Capital Holdings Ltd. (NYSE:AXS) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 114,006 shares of the company’s stock after selling 1,248 shares during the period. Nationwide Fund Advisors owned 0.13% of Axis Capital Holdings worth $6,270,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Assetmark Inc. bought a new stake in shares of Axis Capital Holdings during the second quarter worth $111,000. MU Investments Co. Ltd. acquired a new stake in shares of Axis Capital Holdings during the second quarter valued at approximately $119,000. Daiwa SB Investments Ltd. boosted its stake in shares of Axis Capital Holdings by 8.3% in the second quarter. Daiwa SB Investments Ltd. now owns 3,260 shares of the company’s stock valued at $172,000 after buying an additional 250 shares during the period. Synovus Financial Corp boosted its stake in shares of Axis Capital Holdings by 0.6% in the second quarter. Synovus Financial Corp now owns 4,314 shares of the company’s stock valued at $241,000 after buying an additional 26 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of Axis Capital Holdings by 2.4% in the second quarter. Capstone Asset Management Co. now owns 4,608 shares of the company’s stock valued at $253,000 after buying an additional 110 shares during the period. Institutional investors own 90.17% of the company’s stock.
Shares of Axis Capital Holdings Ltd. (NYSE:AXS) traded up 0.39% during trading on Tuesday, reaching $54.67. The company had a trading volume of 78,119 shares. Axis Capital Holdings Ltd. has a 52-week low of $51.01 and a 52-week high of $57.98. The company has a 50 day moving average of $55.84 and a 200-day moving average of $54.73. The firm has a market capitalization of $4.96 billion, a P/E ratio of 9.70 and a beta of 0.78.
Axis Capital Holdings (NYSE:AXS) last announced its earnings results on Tuesday, July 26th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $983.53 million. Axis Capital Holdings had a return on equity of 6.44% and a net margin of 14.19%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. Equities analysts expect that Axis Capital Holdings Ltd. will post $3.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, September 29th. This is a boost from Axis Capital Holdings’s previous quarterly dividend of $0.29. Axis Capital Holdings’s dividend payout ratio is presently 25.04%.
Several equities research analysts have commented on AXS shares. Citigroup Inc. reiterated a “neutral” rating on shares of Axis Capital Holdings in a research report on Tuesday, June 21st. Zacks Investment Research cut shares of Axis Capital Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Finally, Morgan Stanley boosted their price target on shares of Axis Capital Holdings from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Eight analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $59.00.
In other news, EVP Richard T. Gieryn, Jr. sold 10,400 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $56.15, for a total transaction of $583,960.00. Following the sale, the executive vice president now owns 15,958 shares in the company, valued at $896,041.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.
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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