Axis Capital Holdings Limited (AXS) Position Lowered by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. reduced its position in shares of Axis Capital Holdings Limited (NYSE:AXS) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 66,525 shares of the insurance provider’s stock after selling 125 shares during the period. Axis Capital Holdings Limited makes up 1.3% of First Wilshire Securities Management Inc.’s holdings, making the stock its 28th largest position. First Wilshire Securities Management Inc.’s holdings in Axis Capital Holdings Limited were worth $4,459,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Axis Capital Holdings Limited by 3,740.9% in the first quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock worth $451,855,000 after buying an additional 6,565,613 shares in the last quarter. Norges Bank bought a new stake in Axis Capital Holdings Limited during the fourth quarter worth about $93,650,000. JPMorgan Chase & Co. raised its stake in Axis Capital Holdings Limited by 63.2% in the first quarter. JPMorgan Chase & Co. now owns 746,488 shares of the insurance provider’s stock worth $50,038,000 after buying an additional 289,144 shares in the last quarter. Wells Fargo & Company MN raised its stake in Axis Capital Holdings Limited by 27.4% in the first quarter. Wells Fargo & Company MN now owns 1,091,883 shares of the insurance provider’s stock worth $73,189,000 after buying an additional 234,985 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Axis Capital Holdings Limited by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,151,654 shares of the insurance provider’s stock worth $546,405,000 after buying an additional 234,043 shares in the last quarter. 88.35% of the stock is currently owned by institutional investors.

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

Axis Capital Holdings Limited (NYSE:AXS) traded up 0.68% on Friday, hitting $65.33. The stock had a trading volume of 517,034 shares. The company’s 50 day moving average is $64.76 and its 200 day moving average is $65.85. The firm has a market cap of $5.53 billion, a PE ratio of 13.56 and a beta of 0.58. Axis Capital Holdings Limited has a 12-month low of $51.33 and a 12-month high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last announced its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.22. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.69 billion. Axis Capital Holdings Limited had a net margin of 11.74% and a return on equity of 7.86%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, equities research analysts expect that Axis Capital Holdings Limited will post $3.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, June 28th. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is presently 31.73%.

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A number of equities research analysts have issued reports on AXS shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $64.00 price target (down previously from $66.00) on shares of Axis Capital Holdings Limited in a research report on Wednesday, March 15th. Zacks Investment Research lowered Axis Capital Holdings Limited from a “hold” rating to a “strong sell” rating in a research report on Monday, May 8th. Citigroup Inc. increased their price target on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the company a “sell” rating in a research report on Friday, April 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $64.00 price target on shares of Axis Capital Holdings Limited in a research report on Friday, June 2nd. Finally, ValuEngine raised Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $66.25.

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.

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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