Swiss National Bank Sells 224,300 Shares of Axis Capital Holdings Limited (AXS)

Swiss National Bank reduced its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 29.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535,046 shares of the insurance provider’s stock after selling 224,300 shares during the period. Swiss National Bank’s holdings in Axis Capital were worth $26,891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stifel Financial Corp grew its position in Axis Capital by 13.5% during the second quarter. Stifel Financial Corp now owns 7,837 shares of the insurance provider’s stock valued at $507,000 after acquiring an additional 930 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Axis Capital by 5.5% during the third quarter. Oppenheimer & Co. Inc. now owns 23,586 shares of the insurance provider’s stock valued at $1,352,000 after acquiring an additional 1,230 shares during the last quarter. Highstreet Asset Management Inc. grew its position in Axis Capital by 12.8% during the third quarter. Highstreet Asset Management Inc. now owns 19,648 shares of the insurance provider’s stock valued at $1,126,000 after acquiring an additional 2,234 shares during the last quarter. Twin Capital Management Inc. grew its position in Axis Capital by 6.0% during the fourth quarter. Twin Capital Management Inc. now owns 41,907 shares of the insurance provider’s stock valued at $2,106,000 after acquiring an additional 2,354 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in Axis Capital by 237.6% during the third quarter. Toronto Dominion Bank now owns 3,572 shares of the insurance provider’s stock valued at $205,000 after acquiring an additional 2,514 shares during the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.

Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at $51.47 on Monday. The firm has a market cap of $4,280.19, a price-to-earnings ratio of -10.29, a P/E/G ratio of 1.40 and a beta of 0.48. Axis Capital Holdings Limited has a fifty-two week low of $47.99 and a fifty-two week high of $71.06. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21.

Axis Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $729.42 million for the quarter, compared to analysts’ expectations of $549.41 million. Axis Capital had a negative net margin of 8.04% and a negative return on equity of 4.39%. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 EPS. equities analysts expect that Axis Capital Holdings Limited will post 4.32 EPS for the current year.

A number of brokerages have commented on AXS. Deutsche Bank reduced their price target on shares of Axis Capital from $55.00 to $54.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. Wells Fargo & Co restated a “hold” rating and issued a $52.00 target price on shares of Axis Capital in a report on Wednesday, February 7th. UBS Group upgraded shares of Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a report on Thursday, January 11th. ValuEngine upgraded shares of Axis Capital from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research cut shares of Axis Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Axis Capital presently has an average rating of “Hold” and a consensus target price of $60.22.

In other Axis Capital news, EVP Conrad D. Brooks sold 7,500 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.31, for a total transaction of $392,325.00. Following the completion of the transaction, the executive vice president now owns 6,027 shares of the company’s stock, valued at $315,272.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.89% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2018/02/19/swiss-national-bank-sells-224300-shares-of-axis-capital-holdings-limited-axs.html.

Axis Capital 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.

Want to see what other hedge funds are holding AXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axis Capital Holdings Limited (NYSE:AXS).

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

Receive News & Ratings for Axis Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axis Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply