Swiss National Bank raised its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 3.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 152,300 shares of the insurance provider’s stock after purchasing an additional 4,500 shares during the period. Swiss National Bank’s holdings in Axis Capital were worth $8,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Mercantile Trust Co. increased its position in shares of Axis Capital by 120.8% during the fourth quarter. First Mercantile Trust Co. now owns 530 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 290 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Axis Capital by 7.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,934 shares of the insurance provider’s stock valued at $254,000 after acquiring an additional 341 shares in the last quarter. Whittier Trust Co. increased its position in shares of Axis Capital by 7.5% during the fourth quarter. Whittier Trust Co. now owns 5,725 shares of the insurance provider’s stock valued at $296,000 after acquiring an additional 400 shares in the last quarter. Amalgamated Bank increased its position in shares of Axis Capital by 3.8% during the fourth quarter. Amalgamated Bank now owns 15,648 shares of the insurance provider’s stock valued at $808,000 after acquiring an additional 571 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Axis Capital by 3.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,404 shares of the insurance provider’s stock valued at $1,157,000 after acquiring an additional 685 shares in the last quarter. 89.47% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on AXS shares. ValuEngine downgraded shares of Axis Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Keefe, Bruyette & Woods raised shares of Axis Capital from a “market perform” rating to an “outperform” rating and raised their price target for the company from $61.00 to $67.00 in a research report on Wednesday, March 13th. Zacks Investment Research raised shares of Axis Capital from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Tuesday, April 2nd. UBS Group raised their price target on shares of Axis Capital from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Finally, TheStreet raised shares of Axis Capital from a “c” rating to a “b-” rating in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $62.57.

Shares of Axis Capital stock opened at $60.48 on Friday. The firm has a market cap of $5.03 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 1.46 and a beta of 0.36. Axis Capital Holdings Limited has a 1-year low of $48.27 and a 1-year high of $60.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58.

Axis Capital (NYSE:AXS) last issued its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.16). The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Axis Capital had a return on equity of 3.95% and a net margin of 1.54%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. As a group, equities analysts expect that Axis Capital Holdings Limited will post 4.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, June 27th. Axis Capital’s dividend payout ratio is presently 83.33%.

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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 products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.

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

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