Vanguard Group Inc. Buys 234,043 Shares of Axis Capital Holdings Limited (AXS)

Vanguard Group Inc. increased its stake in Axis Capital Holdings Limited (NYSE:AXS) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,151,654 shares of the insurance provider’s stock after buying an additional 234,043 shares during the period. Vanguard Group Inc.’s holdings in Axis Capital Holdings Limited were worth $546,405,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AXS. Assenagon Asset Management S.A. bought a new stake in Axis Capital Holdings Limited during the fourth quarter valued at $8,555,000. Barings LLC bought a new stake in Axis Capital Holdings Limited during the fourth quarter valued at $607,000. Cigna Investments Inc. New bought a new stake in Axis Capital Holdings Limited during the fourth quarter valued at $297,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Axis Capital Holdings Limited by 18.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,893 shares of the insurance provider’s stock valued at $386,000 after buying an additional 916 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in Axis Capital Holdings Limited during the fourth quarter valued at $389,000. 88.44% of the stock is owned by institutional investors.

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

Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at 63.61 on Monday. The company has a market cap of $5.38 billion, a P/E ratio of 13.20 and a beta of 0.58. The company’s 50 day moving average is $64.67 and its 200-day moving average is $66.00. 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 released its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by $0.22. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.69 billion. Axis Capital Holdings Limited had a return on equity of 7.86% and a net margin of 11.74%. Axis Capital Holdings Limited’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 earnings per share. Analysts expect that Axis Capital Holdings Limited will post $3.94 EPS for the current fiscal year.

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, June 28th. Axis Capital Holdings Limited’s payout ratio is 31.73%.

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Several research firms have recently weighed in on AXS. Zacks Investment Research raised shares of Axis Capital Holdings Limited from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Thursday, March 2nd. Deutsche Bank AG reissued a “hold” rating and issued a $64.00 target price (down previously from $66.00) on shares of Axis Capital Holdings Limited in a research report on Wednesday, March 15th. Citigroup Inc. boosted their target price on shares of Axis Capital Holdings Limited from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Friday, April 7th. ValuEngine raised shares of Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $64.00 target price on shares of Axis Capital Holdings Limited in a research report on Friday, June 2nd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Axis Capital Holdings Limited presently has a consensus rating of “Hold” and a consensus target price of $66.25.

Axis Capital Holdings Limited Company 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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