Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Axis Capital Holdings Limited (NYSE:AXS) by 46.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,336 shares of the insurance provider’s stock after buying an additional 13,163 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Axis Capital Holdings Limited were worth $2,369,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Axis Capital Holdings Limited during the second quarter valued at $150,000. BlueMountain Capital Management LLC raised its stake in Axis Capital Holdings Limited by 62.0% during the second quarter. BlueMountain Capital Management LLC now owns 2,559 shares of the insurance provider’s stock valued at $165,000 after buying an additional 979 shares during the last quarter. Quantbot Technologies LP purchased a new position in Axis Capital Holdings Limited during the second quarter valued at $203,000. The Manufacturers Life Insurance Company purchased a new position in Axis Capital Holdings Limited during the second quarter valued at $207,000. Finally, Toronto Dominion Bank raised its stake in Axis Capital Holdings Limited by 237.6% during the third quarter. Toronto Dominion Bank now owns 3,572 shares of the insurance provider’s stock valued at $205,000 after buying an additional 2,514 shares during the last quarter. Institutional investors and hedge funds own 86.59% of the company’s stock.

AXS has been the subject of a number of recent research reports. MKM Partners lowered their price objective on Axis Capital Holdings Limited from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 18th. Bank of America Corporation decreased their price target on Axis Capital Holdings Limited from $73.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 13th. TheStreet cut Axis Capital Holdings Limited from a “b-” rating to a “c” rating in a research note on Wednesday, October 25th. Morgan Stanley decreased their price target on Axis Capital Holdings Limited from $70.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 31st. Finally, ValuEngine cut Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $61.45.

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Shares of Axis Capital Holdings Limited (NYSE AXS) opened at $51.56 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.51 and a current ratio of 0.51. Axis Capital Holdings Limited has a fifty-two week low of $51.20 and a fifty-two week high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($5.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.34) by ($0.01). Axis Capital Holdings Limited had a negative return on equity of 2.59% and a negative net margin of 4.55%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $972.10 million. During the same period in the previous year, the firm earned $1.78 EPS. equities research analysts anticipate that Axis Capital Holdings Limited will post -2.2 EPS for the current fiscal year.

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

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