General American Investors Co. Inc. continued to hold its stake in Axis Capital Holdings Limited (NYSE:AXS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 187,500 shares of the insurance provider’s stock at the end of the second quarter. General American Investors Co. Inc.’s holdings in Axis Capital Holdings Limited were worth $12,124,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AXS. BlackRock Inc. raised its stake in Axis Capital Holdings Limited by 3,740.9% in the first quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock valued at $451,855,000 after buying an additional 6,565,613 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Axis Capital Holdings Limited by 63.2% in the first quarter. JPMorgan Chase & Co. now owns 746,488 shares of the insurance provider’s stock valued at $50,038,000 after buying an additional 289,144 shares in the last quarter. Sei Investments Co. raised its stake in Axis Capital Holdings Limited by 354.0% in the second quarter. Sei Investments Co. now owns 364,831 shares of the insurance provider’s stock valued at $23,590,000 after buying an additional 284,474 shares in the last quarter. Wells Fargo & Company MN raised its stake in Axis Capital Holdings Limited by 27.4% in the first quarter. Wells Fargo & Company MN now owns 1,091,883 shares of the insurance provider’s stock valued at $73,189,000 after buying an additional 234,985 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Axis Capital Holdings Limited by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,151,654 shares of the insurance provider’s stock valued at $546,405,000 after buying an additional 234,043 shares in the last quarter. Institutional investors and hedge funds own 89.86% of the company’s stock.

Shares of Axis Capital Holdings Limited (NYSE AXS) opened at 64.51 on Thursday. The firm has a 50-day moving average of $64.46 and a 200-day moving average of $65.89. Axis Capital Holdings Limited has a 12 month low of $53.66 and a 12 month high of $71.06. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 14.23 and a beta of 0.60.

Axis Capital Holdings Limited (NYSE:AXS) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.12. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.13%. The company had revenue of $956.02 million during the quarter, compared to analysts’ expectations of $989.95 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. On average, analysts anticipate that Axis Capital Holdings Limited will post $4.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.38 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.36%. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is 33.70%.

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AXS has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub lowered shares of Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 target price on shares of Axis Capital Holdings Limited in a research report on Friday, June 2nd. Wells Fargo & Company restated a “sell” rating on shares of Axis Capital Holdings Limited in a research report on Thursday, July 6th. Finally, ValuEngine upgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Axis Capital Holdings Limited has a consensus rating of “Hold” and an average target price of $66.78.

About Axis Capital Holdings Limited

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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