SG Americas Securities LLC Has $460,000 Stock Position in AXIS Capital Holdings Limited (NYSE:AXS)

SG Americas Securities LLC raised its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS – Get Rating) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,613 shares of the insurance provider’s stock after purchasing an additional 222 shares during the quarter. SG Americas Securities LLC’s holdings in AXIS Capital were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AXS. Commerce Bank raised its stake in shares of AXIS Capital by 2.3% in the fourth quarter. Commerce Bank now owns 10,525 shares of the insurance provider’s stock valued at $573,000 after acquiring an additional 241 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of AXIS Capital by 8.6% in the fourth quarter. Acadian Asset Management LLC now owns 4,347 shares of the insurance provider’s stock valued at $236,000 after acquiring an additional 343 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of AXIS Capital by 14.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,425 shares of the insurance provider’s stock valued at $186,000 after acquiring an additional 444 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of AXIS Capital by 10.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,822 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 471 shares during the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of AXIS Capital by 4.3% in the fourth quarter. Hilltop Holdings Inc. now owns 21,598 shares of the insurance provider’s stock valued at $1,176,000 after acquiring an additional 890 shares during the last quarter. 93.67% of the stock is owned by institutional investors and hedge funds.

AXIS Capital Stock Up 2.5 %

Shares of AXS opened at $50.56 on Friday. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.57 and a current ratio of 0.57. The business’s fifty day moving average price is $54.78 and its two-hundred day moving average price is $55.83. AXIS Capital Holdings Limited has a 52 week low of $44.49 and a 52 week high of $61.39.

AXIS Capital (NYSE:AXS – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The insurance provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. AXIS Capital had a return on equity of 11.81% and a net margin of 8.55%. During the same period last year, the business posted $2.00 EPS. On average, analysts predict that AXIS Capital Holdings Limited will post 6.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of AXIS Capital from a “buy” rating to a “hold” rating in a research note on Saturday. TheStreet cut shares of AXIS Capital from a “b” rating to a “c+” rating in a research report on Tuesday, July 26th. Finally, Jefferies Financial Group decreased their price objective on AXIS Capital from $70.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, AXIS Capital presently has an average rating of “Hold” and an average price target of $61.00.

About AXIS Capital

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AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.