Caxton Associates LP Purchases Shares of 9,965 Axis Capital Holdings Limited (AXS)

Caxton Associates LP purchased a new stake in shares of Axis Capital Holdings Limited (NYSE:AXS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,965 shares of the insurance provider’s stock, valued at approximately $644,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AXS. Karp Capital Management Corp bought a new position in Axis Capital Holdings Limited during the first quarter valued at about $295,000. Ameriprise Financial Inc. increased its stake in Axis Capital Holdings Limited by 19.5% during the first quarter. Ameriprise Financial Inc. now owns 27,329 shares of the insurance provider’s stock valued at $1,834,000 after acquiring an additional 4,451 shares during the period. Oxford Asset Management bought a new position in Axis Capital Holdings Limited during the first quarter valued at about $718,000. Stifel Financial Corp bought a new position in Axis Capital Holdings Limited during the first quarter valued at about $462,000. Finally, SG Americas Securities LLC increased its stake in Axis Capital Holdings Limited by 25.1% during the first quarter. SG Americas Securities LLC now owns 8,382 shares of the insurance provider’s stock valued at $562,000 after acquiring an additional 1,681 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Axis Capital Holdings Limited (NYSE AXS) traded up 0.90% during midday trading on Tuesday, hitting $56.28. The stock had a trading volume of 81,182 shares. The company’s 50 day moving average is $58.29 and its 200 day moving average is $63.32. Axis Capital Holdings Limited has a 1-year low of $52.15 and a 1-year high of $71.06. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 12.42 and a beta of 0.59.

Axis Capital Holdings Limited (NYSE:AXS) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. The business had revenue of $956.02 million for the quarter, compared to analysts’ expectations of $989.95 million. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, equities analysts anticipate that Axis Capital Holdings Limited will post $0.79 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 9th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, October 5th. This is a boost from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s payout ratio is presently 33.70%.

COPYRIGHT VIOLATION WARNING: “Caxton Associates LP Purchases Shares of 9,965 Axis Capital Holdings Limited (AXS)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/caxton-associates-lp-purchases-shares-of-9965-axis-capital-holdings-limited-axs.html.

Several equities analysts recently issued reports on AXS shares. Morgan Stanley restated an “equal weight” rating and set a $70.00 price target (up from $68.00) on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Zacks Investment Research lowered Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine lowered Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $67.00 price objective on shares of Axis Capital Holdings Limited in a research note on Friday, August 18th. Finally, Buckingham Research began coverage on Axis Capital Holdings Limited in a research note on Monday, September 11th. They issued a “neutral” rating and a $58.00 price objective on the stock. Seven investment

A number of other institutional investors and hedge funds have also recently modified their holdings of AXS. Karp Capital Management Corp bought a new position in Axis Capital Holdings Limited during the first quarter valued at about $295,000. Ameriprise Financial Inc. increased its stake in Axis Capital Holdings Limited by 19.5% during the first quarter. Ameriprise Financial Inc. now owns 27,329 shares of the insurance provider’s stock valued at $1,834,000 after acquiring an additional 4,451 shares during the period. Oxford Asset Management bought a new position in Axis Capital Holdings Limited during the first quarter valued at about $718,000. Stifel Financial Corp bought a new position in Axis Capital Holdings Limited during the first quarter valued at about $462,000. Finally, SG Americas Securities LLC increased its stake in Axis Capital Holdings Limited by 25.1% during the first quarter. SG Americas Securities LLC now owns 8,382 shares of the insurance provider’s stock valued at $562,000 after acquiring an additional 1,681 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Axis Capital Holdings Limited (NYSE AXS) traded up 0.90% during midday trading on Tuesday, hitting $56.28. The stock had a trading volume of 81,182 shares. The company’s 50 day moving average is $58.29 and its 200 day moving average is $63.32. Axis Capital Holdings Limited has a 1-year low of $52.15 and a 1-year high of $71.06. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 12.42 and a beta of 0.59.

Axis Capital Holdings Limited (NYSE:AXS) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. The business had revenue of $956.02 million for the quarter, compared to analysts’ expectations of $989.95 million. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, equities analysts anticipate that Axis Capital Holdings Limited will post $0.79 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 9th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, October 5th. This is a boost from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s payout ratio is presently 33.70%.

COPYRIGHT VIOLATION WARNING: “Caxton Associates LP Purchases Shares of 9,965 Axis Capital Holdings Limited (AXS)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/caxton-associates-lp-purchases-shares-of-9965-axis-capital-holdings-limited-axs.html.

Several equities analysts recently issued reports on AXS shares. Morgan Stanley restated an “equal weight” rating and set a $70.00 price target (up from $68.00) on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Zacks Investment Research lowered Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine lowered Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $67.00 price objective on shares of Axis Capital Holdings Limited in a research note on Friday, August 18th. Finally, Buckingham Research began coverage on Axis Capital Holdings Limited in a research note on Monday, September 11th. They issued a “neutral” rating and a $58.00 price objective on the stock. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Axis Capital Holdings Limited has an average rating of “Hold” and a consensus target price of $63.78.

Axis Capital Holdings Limited 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.

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

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