Mackenzie Financial Corp Has $1,185,000 Position in Axis Capital Holdings Limited (AXS)

Mackenzie Financial Corp raised its position in shares of Axis Capital Holdings Limited (NYSE:AXS) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 21,820 shares of the company’s stock after buying an additional 109 shares during the period. Mackenzie Financial Corp’s holdings in Axis Capital Holdings Limited were worth $1,185,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of 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 worth $359,000 after buying an additional 121 shares in the last quarter. Chicago Equity Partners LLC boosted its position in shares of Axis Capital Holdings Limited by 11.2% in the second quarter. Chicago Equity Partners LLC now owns 6,070 shares of the company’s stock worth $334,000 after buying an additional 610 shares in the last quarter. General American Investors Co. Inc. acquired a new position in shares of Axis Capital Holdings Limited during the second quarter worth about $10,313,000. SG Americas Securities LLC boosted its position in shares of Axis Capital Holdings Limited by 71.3% in the second quarter. SG Americas Securities LLC now owns 156,172 shares of the company’s stock worth $8,589,000 after buying an additional 65,026 shares in the last quarter. Finally, Scout Investments Inc. boosted its position in shares of Axis Capital Holdings Limited by 3.6% in the second quarter. Scout Investments Inc. now owns 424,641 shares of the company’s stock worth $23,355,000 after buying an additional 14,879 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

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

Shares of Axis Capital Holdings Limited (NYSE:AXS) traded up 0.04% during mid-day trading on Friday, reaching $67.60. 428,249 shares of the company’s stock traded hands. Axis Capital Holdings Limited has a 12-month low of $51.01 and a 12-month high of $70.00. The firm’s 50 day moving average price is $65.49 and its 200-day moving average price is $59.70. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 13.31 and a beta of 0.55.

Axis Capital Holdings Limited (NYSE:AXS) last released its earnings results on Wednesday, February 1st. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.27. The firm had revenue of $464.39 million for the quarter, compared to the consensus estimate of $602.70 million. Axis Capital Holdings Limited had a net margin of 12.82% and a return on equity of 8.36%. The company’s revenue was down 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. Equities research analysts forecast that Axis Capital Holdings Limited will post $4.69 earnings per share for the current year.

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

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A number of research analysts have recently issued reports on AXS shares. Zacks Investment Research upgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Tuesday, November 8th. Goldman Sachs Group, Inc. (The) cut shares of Axis Capital Holdings Limited from a “neutral” rating to a “sell” rating in a report on Tuesday, November 15th. Citigroup Inc. started coverage on shares of Axis Capital Holdings Limited in a report on Tuesday, November 22nd. They set a “sell” rating and a $55.00 price objective for the company. Macquarie lowered shares of Axis Capital Holdings Limited from an “outperform” rating to a “neutral” rating in a research report on Friday, December 2nd. Finally, Wells Fargo & Company lowered shares of Axis Capital Holdings Limited from a “market perform” rating to an “underperform” rating in a research report on Monday, January 9th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $65.33.

In related news, Director Michael A. Butt sold 158,946 shares of the stock in a transaction dated 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 directly owns 999,982 shares of the company’s stock, valued at approximately $65,378,823.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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

Want to see what other hedge funds are holding AXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axis Capital Holdings Limited (NYSE:AXS).

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