Nordea Investment Management AB held its position in shares of Axis Capital Holdings Limited (NYSE:AXS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,519 shares of the insurance provider’s stock at the close of the second quarter. Nordea Investment Management AB’s holdings in Axis Capital Holdings Limited were worth $1,909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AXS. Meeder Asset Management Inc. purchased a new stake in Axis Capital Holdings Limited in the second quarter worth $150,000. BlueMountain Capital Management LLC grew its stake in Axis Capital Holdings Limited by 62.0% in the second quarter. BlueMountain Capital Management LLC now owns 2,559 shares of the insurance provider’s stock worth $165,000 after purchasing an additional 979 shares during the period. Quantbot Technologies LP purchased a new stake in Axis Capital Holdings Limited in the second quarter worth $203,000. Stephens Inc. AR purchased a new stake in Axis Capital Holdings Limited in the first quarter worth $244,000. Finally, Karp Capital Management Corp purchased a new stake in Axis Capital Holdings Limited in the first quarter worth $295,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently commented on AXS shares. Citigroup Inc. cut their target price on Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday. UBS AG cut their target price on Axis Capital Holdings Limited from $57.00 to $55.00 and set a “sell” rating on the stock in a research note on Monday. Zacks Investment Research cut Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. ValuEngine downgraded Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $67.00 price target on shares of Axis Capital Holdings Limited in a report on Friday, August 18th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $63.78.

Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at 56.42 on Thursday. Axis Capital Holdings Limited has a 1-year low of $52.15 and a 1-year high of $71.06. The stock has a 50 day moving average price of $58.93 and a 200 day moving average price of $63.59. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 12.45 and a beta of 0.59.

Axis Capital Holdings Limited (NYSE:AXS) last posted its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. The business had revenue of $956.02 million during the quarter, compared to analyst estimates of $989.95 million. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. On average, equities analysts anticipate that Axis Capital Holdings Limited will post $4.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 9th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.69%. This is a positive change from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, October 5th. Axis Capital Holdings Limited’s dividend payout ratio is presently 33.70%.

Axis Capital Holdings Limited 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.

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

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