California Public Employees Retirement System grew its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 3.0% during the third quarter, Holdings Channel reports. The firm owned 192,209 shares of the insurance provider’s stock after acquiring an additional 5,623 shares during the quarter. California Public Employees Retirement System’s holdings in AXIS Capital were worth $8,465,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Marshall Wace LLP increased its holdings in AXIS Capital by 1,488.4% during the 1st quarter. Marshall Wace LLP now owns 3,145 shares of the insurance provider’s stock worth $172,000 after purchasing an additional 2,947 shares in the last quarter. Morgan Stanley lifted its holdings in AXIS Capital by 8.8% in the first quarter. Morgan Stanley now owns 92,574 shares of the insurance provider’s stock worth $3,578,000 after buying an additional 7,521 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of AXIS Capital by 28.4% during the second quarter. Envestnet Asset Management Inc. now owns 14,724 shares of the insurance provider’s stock valued at $597,000 after purchasing an additional 3,254 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in AXIS Capital by 34.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,819 shares of the insurance provider’s stock worth $520,000 after acquiring an additional 3,255 shares during the last quarter. Finally, First Trust Advisors LP grew its position in AXIS Capital by 12.3% in the 2nd quarter. First Trust Advisors LP now owns 1,099,171 shares of the insurance provider’s stock worth $44,582,000 after purchasing an additional 120,312 shares during the period. 94.54% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the stock. MKM Partners upped their price target on shares of AXIS Capital from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. TheStreet upgraded shares of AXIS Capital from a “d+” rating to a “c-” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of AXIS Capital from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, November 3rd. Finally, Morgan Stanley increased their target price on shares of AXIS Capital from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $51.67.

In other AXIS Capital news, Director Charles A. Davis acquired 61,415 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $45.71 per share, for a total transaction of $2,807,279.65. Following the completion of the purchase, the director now directly owns 42,120 shares of the company’s stock, valued at $1,925,305.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

NYSE:AXS opened at $51.28 on Friday. The firm has a 50 day moving average of $45.96 and a 200 day moving average of $42.92. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of -27.57 and a beta of 0.73. AXIS Capital Holdings Limited has a 52 week low of $31.82 and a 52 week high of $66.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.37.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings results on Monday, November 2nd. The insurance provider reported ($0.77) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.93) by $0.16. AXIS Capital had a negative net margin of 2.53% and a negative return on equity of 2.79%. As a group, analysts expect that AXIS Capital Holdings Limited will post -0.96 EPS for the current year.

AXIS Capital Profile

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 products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.

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

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