AXIS Capital (AXS) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of AXIS Capital (NYSE:AXS) by 1.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 525,046 shares of the insurance provider’s stock after selling 10,000 shares during the period. Swiss National Bank owned approximately 0.63% of AXIS Capital worth $30,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AXS. Jane Street Group LLC purchased a new position in AXIS Capital in the 4th quarter worth $862,000. AXA purchased a new position in AXIS Capital in the 4th quarter worth $3,536,000. Boston Partners raised its position in AXIS Capital by 16.8% in the 4th quarter. Boston Partners now owns 115,610 shares of the insurance provider’s stock worth $5,811,000 after purchasing an additional 16,664 shares during the period. Allianz Asset Management GmbH raised its position in AXIS Capital by 7.7% in the 4th quarter. Allianz Asset Management GmbH now owns 184,218 shares of the insurance provider’s stock worth $9,259,000 after purchasing an additional 13,165 shares during the period. Finally, Cerebellum GP LLC purchased a new position in AXIS Capital in the 4th quarter worth $3,484,000. 89.72% of the stock is owned by institutional investors.

In other news, Director Charles A. Davis acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $49.90 per share, for a total transaction of $1,247,500.00. Following the completion of the transaction, the director now owns 34,063 shares of the company’s stock, valued at $1,699,743.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

A number of equities analysts recently commented on the stock. Wells Fargo reiterated a “hold” rating and issued a $52.00 target price on shares of AXIS Capital in a research report on Monday, April 2nd. ValuEngine upgraded shares of AXIS Capital from a “sell” rating to a “hold” rating in a research report on Saturday, March 17th. TheStreet upgraded shares of AXIS Capital from a “c” rating to a “b-” rating in a research report on Thursday, April 26th. Zacks Investment Research upgraded shares of AXIS Capital from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Finally, Deutsche Bank decreased their target price on shares of AXIS Capital from $55.00 to $54.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. AXIS Capital presently has a consensus rating of “Hold” and an average target price of $60.89.

AXIS Capital opened at $57.98 on Friday, MarketBeat reports. AXIS Capital has a 12-month low of $58.14 and a 12-month high of $58.83. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.54 and a quick ratio of 0.54.

AXIS Capital (NYSE:AXS) last released its quarterly earnings data on Wednesday, April 25th. The insurance provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. AXIS Capital had a negative net margin of 6.52% and a negative return on equity of 3.42%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. sell-side analysts anticipate that AXIS Capital will post 4.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, June 28th. AXIS Capital’s payout ratio is -49.52%.

AXIS Capital Company Profile

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 for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.

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Institutional Ownership by Quarter for AXIS Capital (NYSE:AXS)

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