Capital Wealth Planning LLC continued to hold its position in shares of Axis Capital Holdings Limited (NYSE:AXS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,400 shares of the insurance provider’s stock at the close of the 2nd quarter. Capital Wealth Planning LLC’s holdings in Axis Capital Holdings Limited were worth $220,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Axis Capital Holdings Limited in the 2nd quarter worth about $150,000. Daiwa Securities Group Inc. grew its holdings in shares of Axis Capital Holdings Limited by 16.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the insurance provider’s stock worth $188,000 after purchasing an additional 400 shares during the last quarter. Stephens Inc. AR bought a new stake in shares of Axis Capital Holdings Limited in the 1st quarter worth about $244,000. Karp Capital Management Corp bought a new stake in shares of Axis Capital Holdings Limited in the 1st quarter worth about $295,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Axis Capital Holdings Limited in the 1st quarter worth about $301,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Axis Capital Holdings Limited (AXS) traded up 0.36% during midday trading on Tuesday, reaching $58.71. 121,511 shares of the company’s stock were exchanged. The stock has a market cap of $4.88 billion, a PE ratio of 12.95 and a beta of 0.61. Axis Capital Holdings Limited has a 12 month low of $52.15 and a 12 month high of $71.06. The company’s 50 day moving average is $62.49 and its 200-day moving average is $65.02.
Axis Capital Holdings Limited (NYSE:AXS) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.12. The firm had revenue of $956.02 million during the quarter, compared to the consensus estimate of $989.95 million. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities analysts forecast that Axis Capital Holdings Limited will post $3.95 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on AXS shares. Zacks Investment Research raised shares of Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $64.00 price objective on shares of Axis Capital Holdings Limited in a report on Friday, June 2nd. ValuEngine lowered shares of Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Wells Fargo & Company reissued a “sell” rating on shares of Axis Capital Holdings Limited in a report on Thursday, July 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $70.00 price objective (up previously from $68.00) on shares of Axis Capital Holdings Limited in a report on Thursday, July 6th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $66.00.
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.
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