Point72 Asset Management L.P. lowered its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 97.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,300 shares of the insurance provider’s stock after selling 442,071 shares during the quarter. Point72 Asset Management L.P.’s holdings in Axis Capital were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in shares of Axis Capital by 3.0% during the 2nd quarter. Pzena Investment Management LLC now owns 6,569,931 shares of the insurance provider’s stock valued at $365,420,000 after purchasing an additional 192,005 shares in the last quarter. Victory Capital Management Inc. grew its stake in Axis Capital by 597.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,477,410 shares of the insurance provider’s stock valued at $82,173,000 after buying an additional 1,265,436 shares during the last quarter. Janus Henderson Group PLC grew its stake in Axis Capital by 715.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,151,704 shares of the insurance provider’s stock valued at $64,058,000 after buying an additional 1,010,516 shares during the last quarter. Millennium Management LLC grew its stake in Axis Capital by 71.1% in the 1st quarter. Millennium Management LLC now owns 1,099,462 shares of the insurance provider’s stock valued at $63,296,000 after buying an additional 456,703 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Axis Capital in the 1st quarter valued at $59,837,000. Institutional investors and hedge funds own 89.44% of the company’s stock.

NYSE:AXS opened at $58.22 on Monday. Axis Capital Holdings Limited has a 1 year low of $47.43 and a 1 year high of $60.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.55 and a quick ratio of 0.55.

Axis Capital (NYSE:AXS) last posted its quarterly earnings results on Wednesday, July 25th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.08. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.23 billion. Axis Capital had a negative net margin of 6.16% and a negative return on equity of 3.63%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $1.31 EPS. sell-side analysts predict that Axis Capital Holdings Limited will post 4.77 earnings per share for the current year.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Axis Capital from a “hold” rating to a “strong-buy” rating and set a $65.00 target price on the stock in a research note on Tuesday, July 17th. Goldman Sachs Group assumed coverage on shares of Axis Capital in a research note on Monday, June 18th. They issued a “neutral” rating and a $60.00 target price on the stock. Citigroup raised their target price on shares of Axis Capital from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, August 2nd. Finally, TheStreet lowered shares of Axis Capital from a “b-” rating to a “c” rating in a research note on Thursday, June 21st. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $61.56.

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 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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