Stephens Inc. AR Takes Position in Axis Capital Holdings Limited (AXS)

Stephens Inc. AR acquired a new stake in shares of Axis Capital Holdings Limited (NYSE:AXS) during the first quarter, Holdings Channel reports. The fund acquired 3,637 shares of the insurance provider’s stock, valued at approximately $244,000.

Other institutional investors also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of Axis Capital Holdings Limited by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the insurance provider’s stock valued at $188,000 after buying an additional 400 shares during the period. Macquarie Group Ltd. boosted its position in shares of Axis Capital Holdings Limited by 31.8% in the fourth quarter. Macquarie Group Ltd. now owns 2,900 shares of the insurance provider’s stock valued at $189,000 after buying an additional 700 shares during the period. Assetmark Inc. boosted its position in shares of Axis Capital Holdings Limited by 5.0% in the first quarter. Assetmark Inc. now owns 3,347 shares of the insurance provider’s stock valued at $224,000 after buying an additional 158 shares during the period. Breton Hill Capital Ltd. bought a new position in shares of Axis Capital Holdings Limited during the first quarter valued at $257,000. Finally, Karp Capital Management Corp bought a new position in shares of Axis Capital Holdings Limited during the first quarter valued at $295,000. Institutional investors and hedge funds own 88.35% of the company’s stock.

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

Shares of Axis Capital Holdings Limited (AXS) traded up 0.14% during midday trading on Friday, hitting $64.98. The stock had a trading volume of 74,470 shares. Axis Capital Holdings Limited has a 12 month low of $51.33 and a 12 month high of $71.06. The stock’s 50-day moving average is $64.76 and its 200-day moving average is $65.85. The stock has a market cap of $5.50 billion, a PE ratio of 13.49 and a beta of 0.58.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Wednesday, June 28th. Axis Capital Holdings Limited’s payout ratio is currently 31.73%.

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

About Axis Capital Holdings Limited

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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