Axis Capital Holdings Limited (NYSE:AXS) EVP Conrad D. Brooks sold 7,500 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 6,027 shares of the company’s stock, valued at $315,272.37. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Axis Capital Holdings Limited (AXS) traded down $0.75 during trading on Friday, hitting $51.64. 1,014,262 shares of the stock were exchanged, compared to its average volume of 797,910. Axis Capital Holdings Limited has a 1 year low of $51.14 and a 1 year 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 released its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($5.34) by ($0.01). Axis Capital had a negative net margin of 4.55% and a negative return on equity of 2.59%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $972.10 million. During the same period in the prior year, the company earned $1.78 earnings per share. equities analysts expect that Axis Capital Holdings Limited will post -2.2 EPS for the current fiscal year.

A number of equities research analysts have issued reports on AXS shares. Bank of America reduced their price objective on shares of Axis Capital from $73.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 13th. ValuEngine downgraded shares of Axis Capital from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Zacks Investment Research raised shares of Axis Capital from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Morgan Stanley reduced their price objective on shares of Axis Capital from $70.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 31st. Finally, Citigroup reduced their price objective on shares of Axis Capital from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Axis Capital has an average rating of “Hold” and a consensus price target of $61.45.

Institutional investors have recently added to or reduced their stakes in the company. Clinton Group Inc. lifted its stake in shares of Axis Capital by 286.1% during the 2nd quarter. Clinton Group Inc. now owns 50,389 shares of the insurance provider’s stock valued at $3,258,000 after buying an additional 37,338 shares in the last quarter. Dai Ichi Life Insurance Company Ltd lifted its stake in shares of Axis Capital by 6.0% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 80,116 shares of the insurance provider’s stock valued at $5,180,000 after buying an additional 4,554 shares in the last quarter. General American Investors Co. Inc. lifted its stake in shares of Axis Capital by 30.7% during the 3rd quarter. General American Investors Co. Inc. now owns 245,000 shares of the insurance provider’s stock valued at $14,041,000 after buying an additional 57,500 shares in the last quarter. Swiss National Bank lifted its stake in shares of Axis Capital by 0.3% during the 3rd quarter. Swiss National Bank now owns 759,346 shares of the insurance provider’s stock valued at $43,518,000 after buying an additional 2,000 shares in the last quarter. Finally, Shell Asset Management Co. lifted its stake in shares of Axis Capital by 92.2% during the 3rd quarter. Shell Asset Management Co. now owns 189,880 shares of the insurance provider’s stock valued at $8,987,000 after buying an additional 91,084 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

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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.

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