Renaissance Technologies LLC lifted its stake in Axis Capital Holdings Limited (NYSE:AXS) by 190.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 480,100 shares of the insurance provider’s stock after purchasing an additional 314,800 shares during the quarter. Renaissance Technologies LLC owned 0.58% of Axis Capital Holdings Limited worth $31,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of AXS. Karp Capital Management Corp purchased a new position in shares of Axis Capital Holdings Limited in the 1st quarter worth about $295,000. Ameriprise Financial Inc. raised its position in shares of Axis Capital Holdings Limited by 19.5% in the 1st quarter. Ameriprise Financial Inc. now owns 27,329 shares of the insurance provider’s stock worth $1,834,000 after purchasing an additional 4,451 shares during the last quarter. Oxford Asset Management purchased a new position in shares of Axis Capital Holdings Limited in the 1st quarter worth about $718,000. Stifel Financial Corp purchased a new position in shares of Axis Capital Holdings Limited in the 1st quarter worth about $462,000. Finally, SG Americas Securities LLC raised its position in shares of Axis Capital Holdings Limited by 25.1% in the 1st quarter. SG Americas Securities LLC now owns 8,382 shares of the insurance provider’s stock worth $562,000 after purchasing an additional 1,681 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on AXS. Citigroup Inc. lowered their price target on Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. UBS AG lowered their price target on Axis Capital Holdings Limited from $57.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, October 2nd. Zacks Investment Research lowered Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. ValuEngine lowered Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $67.00 price target on shares of Axis Capital Holdings Limited in a research report on Friday, August 18th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Axis Capital Holdings Limited has an average rating of “Hold” and an average target price of $63.78.

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Axis Capital Holdings Limited (NYSE:AXS) opened at 56.11 on Friday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 12.38 and a beta of 0.59. The firm has a 50-day moving average price of $58.51 and a 200-day moving average price of $63.45. Axis Capital Holdings Limited has a 12 month low of $52.15 and a 12 month high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The company had revenue of $956.02 million during the quarter, compared to analysts’ expectations of $989.95 million. During the same period last year, the business posted $0.51 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Axis Capital Holdings Limited will post $0.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 9th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.71%. This is a boost from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, October 5th. Axis Capital Holdings Limited’s dividend payout ratio (DPR) 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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