Bull Harbor Capital LLC Acquires New Position in Axis Capital Holdings Limited $AXS

Bull Harbor Capital LLC acquired a new position in shares of Axis Capital Holdings Limited (NYSE:AXS) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,973 shares of the insurance provider’s stock, valued at approximately $910,000.

A number of other large investors have also recently bought and sold shares of AXS. Massachusetts Financial Services Co. MA lifted its stake in Axis Capital by 27.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 439,989 shares of the insurance provider’s stock valued at $47,118,000 after acquiring an additional 95,207 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Axis Capital in the fourth quarter worth $2,192,000. CWM LLC boosted its holdings in Axis Capital by 37.0% during the fourth quarter. CWM LLC now owns 92,101 shares of the insurance provider’s stock worth $9,863,000 after purchasing an additional 24,884 shares during the last quarter. Entropy Technologies LP grew its position in Axis Capital by 31.4% in the first quarter. Entropy Technologies LP now owns 53,905 shares of the insurance provider’s stock valued at $5,467,000 after purchasing an additional 12,896 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Axis Capital by 212.1% in the 4th quarter. SG Americas Securities LLC now owns 18,944 shares of the insurance provider’s stock valued at $2,029,000 after buying an additional 12,874 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Axis Capital News Roundup

Here are the key news stories impacting Axis Capital this week:

• Positive Sentiment: Wells Fargo lowered its price target to $126 from $134 but maintained an “overweight” rating, implying nearly 20% upside from the referenced share price. The median target among five analysts is $131. Benzinga
• Positive Sentiment: Management expects approximately $17 million in full-year ACS fee income and indicated that share repurchases will continue during the second half of 2026, potentially supporting per-share value. Axis expects ACS fee income and continued buybacks
• Neutral Sentiment: AXS appointed Rahil Jogani to a newly created role leading technology and artificial-intelligence strategy. The initiative could improve efficiency over time, but its near-term financial impact is unclear. AXIS appoints technology and AI strategy head
• Negative Sentiment: Second-quarter operating earnings were $2.84 per share, below the roughly $3.30 consensus estimate, despite net income of $3.38 per share and revenue of $1.75 billion, which exceeded expectations.
• Negative Sentiment: The consolidated combined ratio deteriorated to 93.1% from 85.3% a year earlier, signaling materially weaker underwriting profitability. Catastrophe and weather-related losses reached $80 million, or 5.3 loss-ratio points, while weaker investment income also weighed on results. AXIS Capital Q2 earnings miss

Insider Buying and Selling at Axis Capital

In other news, Director Henry B. Smith sold 2,542 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $98.69, for a total value of $250,869.98. Following the completion of the sale, the director owned 46,347 shares of the company’s stock, valued at approximately $4,573,985.43. The trade was a 5.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Axis Capital Stock Down 0.8%

Axis Capital stock opened at $105.10 on Friday. The stock has a market cap of $7.67 billion, a P/E ratio of 7.46, a P/E/G ratio of 3.13 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.26. Axis Capital Holdings Limited has a twelve month low of $88.07 and a twelve month high of $119.99. The company’s 50-day moving average price is $106.11 and its two-hundred day moving average price is $103.18.

Axis Capital (NYSE:AXS) last issued its quarterly earnings data on Monday, July 27th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Axis Capital had a return on equity of 17.00% and a net margin of 16.23%.The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.29 EPS. As a group, analysts expect that Axis Capital Holdings Limited will post 13.09 EPS for the current year.

Axis Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.44 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.76 annualized dividend and a yield of 1.7%. Axis Capital’s dividend payout ratio (DPR) is presently 13.11%.

Wall Street Analysts Forecast Growth

AXS has been the subject of several recent research reports. Atlantic Securities set a $122.00 price target on Axis Capital in a research report on Wednesday, July 15th. UBS Group upped their price target on shares of Axis Capital from $129.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Wells Fargo & Company cut their price target on shares of Axis Capital from $134.00 to $126.00 and set an “overweight” rating for the company in a research note on Thursday. Bank of America dropped their target price on shares of Axis Capital from $115.00 to $106.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Axis Capital in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.42.

Axis Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.