Wells Fargo & Company MN increased its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 0.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,091,981 shares of the insurance provider’s stock after purchasing an additional 98 shares during the quarter. Wells Fargo & Company MN owned 1.31% of Axis Capital Holdings Limited worth $70,607,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AXS. Meeder Asset Management Inc. acquired a new stake in shares of Axis Capital Holdings Limited during the 2nd quarter worth about $150,000. Daiwa Securities Group Inc. increased its position in shares of Axis Capital Holdings Limited by 16.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the insurance provider’s stock worth $188,000 after purchasing an additional 400 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of Axis Capital Holdings Limited during the 1st quarter worth about $244,000. Karp Capital Management Corp acquired a new stake in shares of Axis Capital Holdings Limited during the 1st quarter worth about $295,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Axis Capital Holdings Limited during the 1st quarter worth about $301,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Axis Capital Holdings Limited (NYSE AXS) opened at 57.91 on Friday. The firm has a 50-day moving average price of $61.83 and a 200 day moving average price of $64.82. The firm has a market capitalization of $4.82 billion, a P/E ratio of 12.78 and a beta of 0.61. Axis Capital Holdings Limited has a 52-week low of $52.15 and a 52-week high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The company had revenue of $956.02 million for the quarter, compared to the consensus estimate of $989.95 million. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. Analysts forecast that Axis Capital Holdings Limited will post $3.85 EPS for the current year.

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A number of analysts recently issued reports on the company. ValuEngine raised Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $64.00 price objective on shares of Axis Capital Holdings Limited in a research report on Friday, June 2nd. Wells Fargo & Company reissued a “sell” rating on shares of Axis Capital Holdings Limited in a research report on Thursday, July 27th. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Citigroup Inc. raised their price objective on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Thursday, July 13th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $66.00.

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.

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

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