Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Axis Capital Holdings Limited (NYSE:AXS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,536 shares of the insurance provider's stock, valued at approximately $354,000.
Several other hedge funds and other institutional investors also recently modified their holdings of AXS. NBC Securities Inc. purchased a new position in shares of Axis Capital during the first quarter worth about $33,000. IFP Advisors Inc grew its holdings in shares of Axis Capital by 1,542.9% during the first quarter. IFP Advisors Inc now owns 575 shares of the insurance provider's stock worth $58,000 after purchasing an additional 540 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Axis Capital by 36.9% during the first quarter. Private Trust Co. NA now owns 1,184 shares of the insurance provider's stock worth $119,000 after purchasing an additional 319 shares in the last quarter. US Bancorp DE grew its holdings in shares of Axis Capital by 34.3% during the first quarter. US Bancorp DE now owns 1,628 shares of the insurance provider's stock worth $163,000 after purchasing an additional 416 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Axis Capital by 14.9% during the first quarter. GAMMA Investing LLC now owns 1,853 shares of the insurance provider's stock worth $186,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.
Insiders Place Their Bets
In related news, insider Daniel J. Draper sold 4,305 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $97.57, for a total value of $420,038.85. Following the completion of the sale, the insider owned 16,269 shares of the company's stock, valued at $1,587,366.33. This trade represents a 20.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Henry B. Smith sold 3,500 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $98.67, for a total value of $345,345.00. Following the completion of the sale, the director directly owned 47,295 shares of the company's stock, valued at $4,666,597.65. The trade was a 6.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,205 shares of company stock valued at $1,188,048 in the last ninety days. 0.70% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several brokerages have recently commented on AXS. UBS Group reissued a "buy" rating and set a $119.00 price objective (up previously from $115.00) on shares of Axis Capital in a report on Monday, August 4th. Cowen restated a "buy" rating on shares of Axis Capital in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their target price on Axis Capital from $104.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. JMP Securities restated a "market perform" rating on shares of Axis Capital in a research report on Thursday, May 1st. Finally, Wall Street Zen downgraded Axis Capital from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $111.43.
Read Our Latest Research Report on Axis Capital
Axis Capital Trading Down 1.1%
AXS stock traded down $1.1040 during midday trading on Monday, hitting $98.0860. The company had a trading volume of 486,478 shares, compared to its average volume of 723,003. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. Axis Capital Holdings Limited has a 52 week low of $74.68 and a 52 week high of $107.19. The stock's 50 day moving average price is $98.02 and its 200 day moving average price is $97.32. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.45 and a beta of 0.83.
Axis Capital (NYSE:AXS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $3.29 EPS for the quarter, beating analysts' consensus estimates of $2.88 by $0.41. Axis Capital had a return on equity of 18.77% and a net margin of 14.30%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company earned $2.93 earnings per share. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities research analysts expect that Axis Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.
About Axis Capital
(
Free Report)
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.
Featured Stories
Before you consider Axis Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axis Capital wasn't on the list.
While Axis Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access