Colony Group LLC Has $7,911,000 Stake in Axis Capital Holdings Limited (AXS)

Colony Group LLC cut its stake in shares of Axis Capital Holdings Limited (NYSE:AXS) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,614 shares of the company’s stock after selling 10,006 shares during the period. Colony Group LLC’s holdings in Axis Capital Holdings Limited were worth $7,911,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp raised its position in Axis Capital Holdings Limited by 0.5% in the third quarter. Mackenzie Financial Corp now owns 21,820 shares of the company’s stock valued at $1,185,000 after buying an additional 109 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in Axis Capital Holdings Limited by 1.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,532 shares of the company’s stock valued at $359,000 after buying an additional 121 shares during the period. State of Alaska Department of Revenue raised its position in Axis Capital Holdings Limited by 2.6% in the third quarter. State of Alaska Department of Revenue now owns 9,945 shares of the company’s stock valued at $540,000 after buying an additional 251 shares during the period. Capstone Asset Management Co. raised its position in Axis Capital Holdings Limited by 6.1% in the third quarter. Capstone Asset Management Co. now owns 4,888 shares of the company’s stock valued at $266,000 after buying an additional 280 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Axis Capital Holdings Limited by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 17,301 shares of the company’s stock valued at $953,000 after buying an additional 419 shares during the period. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at 67.76 on Monday. The firm has a market cap of $5.86 billion, a P/E ratio of 13.34 and a beta of 0.55. The stock’s 50 day moving average is $65.49 and its 200 day moving average is $59.70. Axis Capital Holdings Limited has a 52 week low of $51.01 and a 52 week high of $70.00.

Axis Capital Holdings Limited (NYSE:AXS) last released its earnings results on Wednesday, February 1st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.87 by $0.27. Axis Capital Holdings Limited had a net margin of 12.82% and a return on equity of 8.36%. The business earned $464.39 million during the quarter, compared to analyst estimates of $602.70 million. During the same period in the prior year, the business earned $1.23 earnings per share. The business’s quarterly revenue was down 22.0% on a year-over-year basis. On average, equities research analysts predict that Axis Capital Holdings Limited will post $4.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, December 28th. This is a positive change from Axis Capital Holdings Limited’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 2.25%. Axis Capital Holdings Limited’s dividend payout ratio is currently 29.57%.

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Several equities analysts have issued reports on the company. Citigroup Inc. assumed coverage on Axis Capital Holdings Limited in a report on Tuesday, November 22nd. They set a “sell” rating and a $55.00 price objective on the stock. Macquarie lowered Axis Capital Holdings Limited from an “outperform” rating to a “neutral” rating in a report on Friday, December 2nd. MKM Partners raised Axis Capital Holdings Limited from a “neutral” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Thursday, February 2nd. Zacks Investment Research raised Axis Capital Holdings Limited from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, January 3rd. Finally, Wells Fargo & Company lowered Axis Capital Holdings Limited from a “market perform” rating to an “underperform” rating in a report on Monday, January 9th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Axis Capital Holdings Limited currently has a consensus rating of “Hold” and an average target price of $65.33.

In other news, Director Michael A. Butt sold 158,946 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $65.38, for a total transaction of $10,391,889.48. Following the sale, the director now owns 999,982 shares in the company, valued at $65,378,823.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Axis Capital Holdings Limited Company Profile

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.

5 Day Chart for NYSE:AXS

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