Parkwood LLC cut its stake in Axis Capital Holdings Ltd. (NYSE:AXS) by 14.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,312 shares of the company’s stock after selling 1,438 shares during the period. Parkwood LLC’s holdings in Axis Capital Holdings were worth $457,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BlackRock Fund Advisors boosted its position in shares of Axis Capital Holdings by 11.6% in the first quarter. BlackRock Fund Advisors now owns 1,997,476 shares of the company’s stock valued at $110,780,000 after buying an additional 207,052 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Axis Capital Holdings by 2.1% in the first quarter. BlackRock Group LTD now owns 997,809 shares of the company’s stock valued at $55,340,000 after buying an additional 20,358 shares in the last quarter. BlackRock Inc. boosted its position in shares of Axis Capital Holdings by 6.6% in the first quarter. BlackRock Inc. now owns 121,510 shares of the company’s stock valued at $6,740,000 after buying an additional 7,517 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Axis Capital Holdings by 0.7% in the first quarter. Prudential Financial Inc. now owns 187,693 shares of the company’s stock valued at $10,409,000 after buying an additional 1,300 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Axis Capital Holdings by 5.2% in the first quarter. TIAA CREF Investment Management LLC now owns 508,989 shares of the company’s stock valued at $28,229,000 after buying an additional 25,109 shares in the last quarter. 90.48% of the stock is currently owned by institutional investors.

Shares of Axis Capital Holdings Ltd. (NYSE:AXS) traded down 0.99% during mid-day trading on Friday, hitting $54.26. 623,372 shares of the stock were exchanged. The firm has a 50-day moving average price of $55.94 and a 200 day moving average price of $54.72. The company has a market capitalization of $4.92 billion, a PE ratio of 9.63 and a beta of 0.78. Axis Capital Holdings Ltd. has a 12-month low of $51.01 and a 12-month high of $57.98.

Axis Capital Holdings (NYSE:AXS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company earned $1.06 billion during 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%. Axis Capital Holdings’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. On average, equities research analysts expect that Axis Capital Holdings Ltd. will post $3.60 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their target price 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. Janney Montgomery Scott downgraded shares of Axis Capital Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 26th. Langen Mcalenn downgraded shares of Axis Capital Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 26th. Zacks Investment Research downgraded shares of Axis Capital Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Axis Capital Holdings in a research report on Tuesday, June 21st. Nine analysts have rated the stock with a hold rating, The stock has an average 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 company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $56.15, for a total value of $583,960.00. Following the completion of the sale, the executive vice president now directly owns 15,958 shares of the company’s stock, valued at approximately $896,041.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

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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