Eaton Vance Management maintained its position in shares of Axis Capital Holdings Limited (NYSE:AXS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,996 shares of the insurance provider’s stock at the close of the second quarter. Eaton Vance Management’s holdings in Axis Capital Holdings Limited were worth $1,358,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Axis Capital Holdings Limited in the second quarter worth about $150,000. Stephens Inc. AR purchased a new position in shares of Axis Capital Holdings Limited in the first quarter worth about $244,000. Karp Capital Management Corp purchased a new position in shares of Axis Capital Holdings Limited in the first quarter worth about $295,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Axis Capital Holdings Limited in the first quarter worth about $301,000. Finally, Aperio Group LLC increased its holdings in shares of Axis Capital Holdings Limited by 8.2% in the second quarter. Aperio Group LLC now owns 4,757 shares of the insurance provider’s stock worth $308,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

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Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at 57.53 on Friday. The company has a market capitalization of $4.78 billion, a PE ratio of 12.69 and a beta of 0.61. Axis Capital Holdings Limited has a 52-week low of $52.15 and a 52-week high of $71.06. The firm’s 50-day moving average price is $61.28 and its 200 day moving average price is $64.48.

Axis Capital Holdings Limited (NYSE:AXS) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.12. The business had revenue of $956.02 million for the quarter, compared to analyst estimates of $989.95 million. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. On average, equities analysts forecast that Axis Capital Holdings Limited will post $4.02 earnings per share for the current year.

Several research analysts have recently commented on AXS shares. ValuEngine upgraded Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $64.00 target price on shares of Axis Capital Holdings Limited in a research note on Friday, June 2nd. BidaskClub cut Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $70.00 target price (up from $68.00) on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Axis Capital Holdings Limited has a consensus rating of “Hold” and a consensus target price of $65.60.

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.

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

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