Axis Capital Holdings Limited (AXS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Axis Capital Holdings Limited (NYSE:AXS) by 13.9% during the first quarter, Holdings Channel reports. The institutional investor owned 9,210 shares of the insurance provider’s stock after selling 1,493 shares during the period. Envestnet Asset Management Inc.’s holdings in Axis Capital Holdings Limited were worth $617,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Axis Capital Holdings Limited during the fourth quarter valued at about $93,650,000. Wells Fargo & Company MN increased its stake in shares of Axis Capital Holdings Limited by 27.4% in the first quarter. Wells Fargo & Company MN now owns 1,091,883 shares of the insurance provider’s stock valued at $73,189,000 after buying an additional 234,985 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Axis Capital Holdings Limited by 1,483.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 158,930 shares of the insurance provider’s stock valued at $10,373,000 after buying an additional 148,895 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Axis Capital Holdings Limited during the fourth quarter valued at about $8,555,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Axis Capital Holdings Limited during the fourth quarter valued at about $5,326,000. 88.35% of the stock is currently owned by institutional investors.

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

Shares of Axis Capital Holdings Limited (AXS) opened at 65.33 on Friday. Axis Capital Holdings Limited has a 52-week low of $51.33 and a 52-week high of $71.06. The firm has a market capitalization of $5.53 billion, a P/E ratio of 13.56 and a beta of 0.58. The company’s 50-day moving average price is $64.69 and its 200-day moving average price is $65.87.

Axis Capital Holdings Limited (NYSE:AXS) last announced its earnings results on Wednesday, April 26th. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.22. Axis Capital Holdings Limited had a return on equity of 7.86% and a net margin of 11.74%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the company earned $1.07 EPS. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities research analysts expect that Axis Capital Holdings Limited will post $3.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.52 annualized dividend and a dividend yield of 2.33%. Axis Capital Holdings Limited’s dividend payout ratio is 31.73%.

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Several equities research analysts have recently issued reports on AXS shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $64.00 price target (down from $66.00) on shares of Axis Capital Holdings Limited in a research report on Wednesday, March 15th. Zacks Investment Research downgraded Axis Capital Holdings Limited from a “hold” rating to a “strong sell” rating in a research report on Monday, May 8th. Citigroup Inc. raised their price target on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the company a “sell” rating in a research report on Friday, April 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $64.00 price target on shares of Axis Capital Holdings Limited in a research report on Friday, June 2nd. Finally, ValuEngine raised Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Five analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Axis Capital Holdings Limited currently has an average rating of “Hold” and a consensus target price of $66.25.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AXS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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