WINTON GROUP Ltd increased its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 12.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,314 shares of the insurance provider’s stock after purchasing an additional 1,174 shares during the quarter. WINTON GROUP Ltd’s holdings in AXIS Capital were worth $505,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in AXIS Capital in the 1st quarter valued at $153,000. Marshall Wace LLP increased its stake in shares of AXIS Capital by 1,488.4% during the first quarter. Marshall Wace LLP now owns 3,145 shares of the insurance provider’s stock worth $172,000 after acquiring an additional 2,947 shares during the period. Rockefeller Capital Management L.P. raised its holdings in AXIS Capital by 4.4% during the first quarter. Rockefeller Capital Management L.P. now owns 4,332 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 182 shares in the last quarter. AQR Capital Management LLC acquired a new stake in AXIS Capital in the first quarter valued at about $219,000. Finally, Sigma Planning Corp boosted its holdings in AXIS Capital by 3.5% in the 1st quarter. Sigma Planning Corp now owns 5,672 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 90.09% of the company’s stock.
AXS has been the subject of several recent analyst reports. JMP Securities reissued a “hold” rating on shares of AXIS Capital in a report on Wednesday, August 25th. Zacks Investment Research downgraded AXIS Capital from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a report on Friday. Finally, Morgan Stanley lowered their price target on shares of AXIS Capital from $60.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Monday, August 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.75.
AXIS Capital (NYSE:AXS) last announced its quarterly earnings results on Monday, July 26th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.55. AXIS Capital had a return on equity of 4.11% and a net margin of 5.79%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business posted $0.84 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities research analysts predict that AXIS Capital Holdings Limited will post 4.83 earnings per share for the current year.
About AXIS Capital
AXIS Capital Holdings Ltd. engages in the provision of various insurance and reinsurance products and services. It operates through the Insurance and Reinsurance segments. The Insurance segment offers property, marine, terrorism, aviation, political risk, professional lines, liability, and accident, and health insurance products.
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