California Public Employees Retirement System boosted its position in Axis Capital Holdings Limited (NYSE:AXS) by 15.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 445,996 shares of the insurance provider’s stock after buying an additional 58,829 shares during the period. California Public Employees Retirement System’s holdings in Axis Capital were worth $24,806,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Putnam Investments LLC bought a new position in Axis Capital in the second quarter worth approximately $2,843,000. Millennium Management LLC boosted its holdings in Axis Capital by 37.1% in the second quarter. Millennium Management LLC now owns 1,507,418 shares of the insurance provider’s stock worth $83,843,000 after acquiring an additional 407,956 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Axis Capital by 365.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,104 shares of the insurance provider’s stock worth $340,000 after acquiring an additional 4,792 shares in the last quarter. Signaturefd LLC bought a new position in Axis Capital in the second quarter worth approximately $2,216,000. Finally, Paloma Partners Management Co boosted its holdings in Axis Capital by 104.3% in the second quarter. Paloma Partners Management Co now owns 11,340 shares of the insurance provider’s stock worth $631,000 after acquiring an additional 5,788 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Axis Capital from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Tuesday. TheStreet lowered Axis Capital from a “b-” rating to a “c” rating in a report on Thursday, June 21st. Goldman Sachs Group assumed coverage on Axis Capital in a report on Monday, June 18th. They issued a “neutral” rating and a $60.00 price target on the stock. Finally, Citigroup increased their price target on Axis Capital from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, August 2nd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.44.

Shares of Axis Capital stock opened at $57.45 on Friday. The company has a market capitalization of $4.79 billion, a PE ratio of -18.33, a P/E/G ratio of 1.41 and a beta of 0.42. Axis Capital Holdings Limited has a 52 week low of $47.43 and a 52 week high of $60.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.55 and a quick ratio of 0.55.

Axis Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, July 25th. The insurance provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.23 billion. Axis Capital had a negative return on equity of 3.63% and a negative net margin of 6.16%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 earnings per share. equities research analysts predict that Axis Capital Holdings Limited will post 4.77 earnings per share for the current fiscal year.

About Axis Capital

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.

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

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