Thompson Siegel & Walmsley LLC purchased a new stake in Axis Capital Holdings Limited (NYSE:AXS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 217,326 shares of the insurance provider’s stock, valued at approximately $12,455,000. Thompson Siegel & Walmsley LLC owned approximately 0.26% of Axis Capital Holdings Limited at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlueMountain Capital Management LLC raised 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 valued at $165,000 after buying an additional 979 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Axis Capital Holdings Limited in the second quarter valued at $203,000. Toronto Dominion Bank raised its stake in Axis Capital Holdings Limited by 237.6% in the third quarter. Toronto Dominion Bank now owns 3,572 shares of the insurance provider’s stock valued at $205,000 after buying an additional 2,514 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Axis Capital Holdings Limited in the second quarter valued at $207,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Axis Capital Holdings Limited in the third quarter valued at $256,000. Institutional investors own 86.59% of the company’s stock.

A number of analysts have weighed in on AXS shares. MKM Partners cut their price target on Axis Capital Holdings Limited from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. Bank of America Corporation dropped their price objective on Axis Capital Holdings Limited from $73.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 13th. TheStreet lowered Axis Capital Holdings Limited from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Morgan Stanley dropped their price objective on Axis Capital Holdings Limited from $70.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Finally, ValuEngine lowered Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Axis Capital Holdings Limited presently has a consensus rating of “Hold” and a consensus target price of $61.45.

Axis Capital Holdings Limited (AXS) traded up $0.10 during midday trading on Thursday, hitting $51.66. The company had a trading volume of 986,400 shares, compared to its average volume of 536,185. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.51 and a current ratio of 0.51. Axis Capital Holdings Limited has a 52-week low of $51.20 and a 52-week high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($5.34) by ($0.01). Axis Capital Holdings Limited had a negative return on equity of 2.59% and a negative net margin of 4.55%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $972.10 million. During the same period in the prior year, the business earned $1.78 EPS. analysts predict that Axis Capital Holdings Limited will post -2.2 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was first published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/thompson-siegel-walmsley-llc-takes-12-46-million-position-in-axis-capital-holdings-limited-axs/1721742.html.

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)

Receive News & Ratings for Axis Capital Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axis Capital Holdings Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.