Axis Capital Holdings Limited $AXS Position Reduced by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lowered its stake in shares of Axis Capital Holdings Limited (NYSE:AXS - Free Report) by 10.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,903 shares of the insurance provider's stock after selling 3,920 shares during the period. Integrated Wealth Concepts LLC's holdings in Axis Capital were worth $3,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. NBC Securities Inc. acquired a new position in Axis Capital in the 1st quarter valued at about $33,000. IFP Advisors Inc raised its stake in shares of Axis Capital by 1,542.9% in the 1st quarter. IFP Advisors Inc now owns 575 shares of the insurance provider's stock valued at $58,000 after acquiring an additional 540 shares during the period. Private Trust Co. NA raised its stake in shares of Axis Capital by 36.9% in the 1st quarter. Private Trust Co. NA now owns 1,184 shares of the insurance provider's stock valued at $119,000 after acquiring an additional 319 shares during the period. US Bancorp DE raised its stake in shares of Axis Capital by 34.3% in the 1st quarter. US Bancorp DE now owns 1,628 shares of the insurance provider's stock valued at $163,000 after acquiring an additional 416 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Axis Capital by 14.9% in the 1st quarter. GAMMA Investing LLC now owns 1,853 shares of the insurance provider's stock valued at $186,000 after acquiring an additional 240 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AXS has been the topic of several recent research reports. UBS Group reaffirmed a "buy" rating and set a $119.00 target price (up from $115.00) on shares of Axis Capital in a research note on Monday, August 4th. Wall Street Zen downgraded shares of Axis Capital from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods upped their target price on shares of Axis Capital from $118.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company increased their price objective on shares of Axis Capital from $104.00 to $105.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Axis Capital has a consensus rating of "Moderate Buy" and an average target price of $111.43.

Axis Capital Trading Down 0.2%

Shares of NYSE AXS traded down $0.16 during midday trading on Friday, reaching $99.14. 573,021 shares of the stock were exchanged, compared to its average volume of 522,276. The company has a market capitalization of $7.75 billion, a P/E ratio of 9.53, a P/E/G ratio of 1.45 and a beta of 0.77. Axis Capital Holdings Limited has a 52-week low of $76.46 and a 52-week high of $107.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $97.02 and a 200-day moving average price of $97.90.

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

Insider Buying and Selling

In other news, Director Henry B. Smith sold 3,500 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $98.67, for a total transaction of $345,345.00. Following the transaction, the director directly owned 47,295 shares of the company's stock, valued at approximately $4,666,597.65. The trade was a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel J. Draper sold 4,305 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $97.57, for a total transaction of $420,038.85. Following the transaction, the insider directly owned 16,269 shares in the company, valued at approximately $1,587,366.33. The trade was a 20.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,205 shares of company stock worth $1,188,048. 0.70% of the stock is currently owned by corporate insiders.

Axis Capital 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.