Yorktown Management & Research Co Inc maintained its stake in shares of Axis Capital Holdings Limited (NYSE:AXS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the insurance provider’s stock at the end of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in Axis Capital Holdings Limited were worth $323,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in Axis Capital Holdings Limited in the 2nd quarter valued at $150,000. BlueMountain Capital Management LLC boosted 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 worth $165,000 after purchasing an additional 979 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Axis Capital Holdings Limited by 16.7% in the first 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 in the last quarter. Stephens Inc. AR acquired a new position in Axis Capital Holdings Limited in the first quarter worth $244,000. Finally, Karp Capital Management Corp acquired a new position in Axis Capital Holdings Limited in the first quarter worth $295,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on AXS shares. ValuEngine raised Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price objective (up previously from $68.00) on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $64.00 price objective on shares of Axis Capital Holdings Limited in a research note on Friday, June 2nd. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Buckingham Research started coverage on Axis Capital Holdings Limited in a research note on Monday, September 11th. They issued a “neutral” rating and a $58.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Axis Capital Holdings Limited presently has an average rating of “Hold” and an average target price of $66.00.

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Shares of Axis Capital Holdings Limited (NYSE:AXS) traded up 0.36% during trading on Friday, hitting $58.12. The stock had a trading volume of 949,175 shares. Axis Capital Holdings Limited has a one year low of $52.15 and a one year high of $71.06. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 12.82 and a beta of 0.61. The stock has a 50 day moving average price of $61.68 and a 200-day moving average price of $64.74.

Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $989.95 million. During the same quarter last year, the business posted $0.51 EPS. Axis Capital Holdings Limited’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities research analysts predict that Axis Capital Holdings Limited will post $3.95 earnings per share for the current year.

About Axis Capital Holdings Limited

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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