Fuller & Thaler Asset Management Inc. Sells 23,082 Shares of Axis Capital Holdings Limited $AXS

Key Points

• Fuller & Thaler Asset Management Inc. reduced its holdings in Axis Capital by 1.3%, selling 23,082 shares, and now owns 1,726,545 shares valued at approximately $173 million.
• Research analysts have set new price targets for Axis Capital, with UBS raising its target to $119.00 and Wells Fargo increasing it to $105.00, indicating a generally positive outlook on the stock.
• Axis Capital reported an EPS of $3.29 for the last quarter, surpassing estimates, and reflected a 12.6% year-over-year revenue growth, highlighting strong financial performance.

Fuller & Thaler Asset Management Inc. decreased its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,726,545 shares of the insurance provider's stock after selling 23,082 shares during the period. Fuller & Thaler Asset Management Inc. owned 2.20% of Axis Capital worth $173,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AXS. NBC Securities Inc. acquired a new position in Axis Capital during the 1st quarter worth approximately $33,000. IFP Advisors Inc raised its stake in Axis Capital by 1,542.9% during the 1st quarter. IFP Advisors Inc now owns 575 shares of the insurance provider's stock worth $58,000 after buying an additional 540 shares during the period. Private Trust Co. NA raised its stake in Axis Capital by 36.9% during the 1st quarter. Private Trust Co. NA now owns 1,184 shares of the insurance provider's stock worth $119,000 after buying an additional 319 shares during the period. US Bancorp DE raised its stake in Axis Capital by 34.3% during the 1st quarter. US Bancorp DE now owns 1,628 shares of the insurance provider's stock worth $163,000 after buying an additional 416 shares during the period. Finally, GAMMA Investing LLC raised its stake in Axis Capital by 14.9% during the 1st quarter. GAMMA Investing LLC now owns 1,853 shares of the insurance provider's stock worth $186,000 after buying an additional 240 shares during the period. Institutional investors own 93.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Axis Capital from $104.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group reaffirmed a "buy" rating and set a $119.00 price target (up from $115.00) on shares of Axis Capital in a research note on Monday, August 4th. Wall Street Zen downgraded Axis Capital from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods upped their price target on Axis Capital from $118.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, Cowen reissued a "buy" rating on shares of Axis Capital in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $111.43.

Axis Capital Stock Performance

Shares of Axis Capital stock opened at $95.47 on Monday. The company has a market cap of $7.46 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 1.39 and a beta of 0.83. Axis Capital Holdings Limited has a 52 week low of $74.27 and a 52 week high of $107.19. The business has a 50 day moving average price of $98.63 and a 200-day moving average price of $97.08. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.26.

Axis Capital (NYSE:AXS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $3.29 EPS for the quarter, topping the consensus estimate of $2.88 by $0.41. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.68 billion. Axis Capital had a return on equity of 18.77% and a net margin of 14.30%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. Equities analysts anticipate that Axis Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

Axis Capital Company Profile

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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