Squarepoint Ops LLC lifted its holdings in Axis Capital Holdings Limited (NYSE:AXS – Free Report) by 180.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 108,501 shares of the insurance provider’s stock after acquiring an additional 69,828 shares during the quarter. Squarepoint Ops LLC’s holdings in Axis Capital were worth $11,657,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of AXS. California State Teachers Retirement System increased its position in shares of Axis Capital by 9,953.8% during the second quarter. California State Teachers Retirement System now owns 9,297,106 shares of the insurance provider’s stock valued at $998,881,000 after acquiring an additional 9,204,632 shares during the last quarter. AQR Capital Management LLC boosted its position in Axis Capital by 30.9% in the fourth quarter. AQR Capital Management LLC now owns 4,592,270 shares of the insurance provider’s stock worth $491,786,000 after purchasing an additional 1,083,579 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Axis Capital by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,682,238 shares of the insurance provider’s stock worth $373,412,000 after purchasing an additional 299,573 shares during the last quarter. Janus Henderson Group PLC grew its stake in Axis Capital by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,710,902 shares of the insurance provider’s stock valued at $173,504,000 after purchasing an additional 21,001 shares during the period. Finally, State Street Corp increased its position in shares of Axis Capital by 1.0% during the 2nd quarter. State Street Corp now owns 1,631,198 shares of the insurance provider’s stock valued at $170,069,000 after purchasing an additional 15,755 shares during the last quarter. 93.44% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on AXS shares. UBS Group cut their price target on shares of Axis Capital from $131.00 to $126.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Weiss Ratings raised shares of Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, September 2nd. Atlantic Securities set a $122.00 target price on shares of Axis Capital in a research note on Wednesday, July 15th. Capital One Financial set a $108.00 target price on shares of Axis Capital in a research report on Wednesday, July 29th. Finally, Mizuho decreased their price target on shares of Axis Capital from $142.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Axis Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.23.
Axis Capital Trading Down 0.3%
Shares of AXS opened at $98.36 on Thursday. Axis Capital Holdings Limited has a fifty-two week low of $88.07 and a fifty-two week high of $119.99. The business has a 50-day moving average of $106.10 and a 200 day moving average of $102.78. The firm has a market cap of $7.18 billion, a P/E ratio of 6.99, a price-to-earnings-growth ratio of 4.30 and a beta of 0.49. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.64 and a current ratio of 0.64.
Axis Capital (NYSE:AXS – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The insurance provider reported $2.84 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.41). The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Axis Capital had a net margin of 16.23% and a return on equity of 17.00%. Axis Capital’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $3.29 earnings per share. As a group, research analysts forecast that Axis Capital Holdings Limited will post 12.39 EPS for the current year.
About Axis Capital
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.
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