Fmr LLC lowered its holdings in Axis Capital Holdings Limited (NYSE:AXS) by 16.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,344,894 shares of the insurance provider’s stock after selling 663,308 shares during the period. Fmr LLC’s holdings in Axis Capital were worth $193,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in AXS. Royal Bank of Canada grew its position in shares of Axis Capital by 88.7% in the 1st quarter. Royal Bank of Canada now owns 5,832 shares of the insurance provider’s stock valued at $336,000 after acquiring an additional 2,741 shares during the period. TD Asset Management Inc. grew its position in shares of Axis Capital by 21.7% in the 2nd quarter. TD Asset Management Inc. now owns 64,517 shares of the insurance provider’s stock valued at $3,588,000 after acquiring an additional 11,525 shares during the period. Wasatch Advisors Inc. boosted its holdings in shares of Axis Capital by 13.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 89,511 shares of the insurance provider’s stock worth $4,979,000 after buying an additional 10,709 shares during the period. Barings LLC boosted its holdings in shares of Axis Capital by 430.6% during the 2nd quarter. Barings LLC now owns 26,000 shares of the insurance provider’s stock worth $1,446,000 after buying an additional 21,100 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of Axis Capital during the 2nd quarter worth about $1,408,000. 89.64% of the stock is owned by institutional investors.

Shares of AXS stock opened at $54.19 on Friday. The stock has a market cap of $4.54 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.72 and a beta of 0.35. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.36. Axis Capital Holdings Limited has a 52 week low of $47.43 and a 52 week high of $60.69.

Axis Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, October 24th. The insurance provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.27. Axis Capital had a net margin of 3.91% and a return on equity of 8.02%. The business had revenue of $919.94 million during the quarter, compared to analysts’ expectations of $987.27 million. During the same quarter in the previous year, the company earned ($5.35) EPS. The business’s revenue was up 10.5% on a year-over-year basis. On average, research analysts forecast that Axis Capital Holdings Limited will post 3.72 EPS for the current year.

Several brokerages recently commented on AXS. Zacks Investment Research raised shares of Axis Capital from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, September 25th. Wells Fargo & Co reaffirmed a “hold” rating and set a $60.00 target price on shares of Axis Capital in a report on Thursday, November 8th. Citigroup set a $60.00 target price on shares of Axis Capital and gave the stock a “hold” rating in a report on Thursday, November 8th. Morgan Stanley reduced their target price on shares of Axis Capital from $65.00 to $63.00 and set a “hold” rating for the company in a report on Wednesday, November 14th. Finally, TheStreet raised shares of Axis Capital from a “c” rating to a “b-” rating in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $59.43.

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Axis Capital Company 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 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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