Axis Capital Holdings Ltd. (AXS) Stake Boosted by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. boosted its position in Axis Capital Holdings Ltd. (NYSE:AXS) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,602 shares of the company’s stock after buying an additional 692 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Axis Capital Holdings were worth $638,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in AXS. Pacad Investment Ltd. purchased a new stake in Axis Capital Holdings during the first quarter worth $338,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Axis Capital Holdings by 1.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,757 shares of the company’s stock worth $1,817,000 after buying an additional 610 shares during the period. TIAA CREF Investment Management LLC increased its stake in Axis Capital Holdings by 5.2% in the first quarter. TIAA CREF Investment Management LLC now owns 508,989 shares of the company’s stock worth $28,229,000 after buying an additional 25,109 shares during the period. Prudential Financial Inc. increased its stake in Axis Capital Holdings by 0.7% in the first quarter. Prudential Financial Inc. now owns 187,693 shares of the company’s stock worth $10,409,000 after buying an additional 1,300 shares during the period. Finally, BlackRock Inc. increased its stake in Axis Capital Holdings by 6.6% in the first quarter. BlackRock Inc. now owns 121,510 shares of the company’s stock worth $6,740,000 after buying an additional 7,517 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Axis Capital Holdings Ltd. (NYSE:AXS) traded up 0.39% on Monday, reaching $56.07. 217,919 shares of the company’s stock were exchanged. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 9.95 and a beta of 0.74. The firm’s 50-day moving average price is $55.55 and its 200 day moving average price is $54.73. Axis Capital Holdings Ltd. has a 12 month low of $51.01 and a 12 month high of $57.98.
Axis Capital Holdings (NYSE:AXS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. Axis Capital Holdings had a net margin of 14.19% and a return on equity of 6.44%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $983.53 million. During the same quarter in the prior year, the business earned $0.93 EPS. Axis Capital Holdings’s quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts predict that Axis Capital Holdings Ltd. will post $3.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a $0.35 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.50%. This is a positive change from Axis Capital Holdings’s previous quarterly dividend of $0.29. Axis Capital Holdings’s dividend payout ratio is 25.04%.
A number of equities research analysts recently weighed in on AXS shares. Citigroup Inc. reissued a “neutral” rating on shares of Axis Capital Holdings in a research report on Tuesday, June 21st. Zacks Investment Research downgraded Axis Capital Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Finally, Morgan Stanley lifted their target price on Axis Capital Holdings from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Eight investment analysts have rated the stock with a hold rating, Axis Capital Holdings currently has an average rating of “Hold” and an average target price of $59.00.
In related news, EVP Richard T. Gieryn, Jr. sold 10,400 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $56.15, for a total value of $583,960.00. Following the transaction, the executive vice president now owns 15,958 shares in the company, valued at approximately $896,041.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.
About Axis Capital Holdings
AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re.
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