Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS – Free Report) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,306,430 shares of the insurance provider’s stock after buying an additional 9,079 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 1.53% of AXIS Capital worth $71,227,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. ExodusPoint Capital Management LP bought a new stake in shares of AXIS Capital in the first quarter worth $3,476,000. American Century Companies Inc. boosted its position in AXIS Capital by 8.3% during the first quarter. American Century Companies Inc. now owns 2,554,928 shares of the insurance provider’s stock valued at $139,295,000 after acquiring an additional 195,535 shares during the last quarter. Credit Suisse AG boosted its position in AXIS Capital by 8.2% during the first quarter. Credit Suisse AG now owns 81,832 shares of the insurance provider’s stock valued at $4,461,000 after acquiring an additional 6,189 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in AXIS Capital by 10.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,466 shares of the insurance provider’s stock valued at $407,000 after acquiring an additional 717 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in AXIS Capital by 6.1% during the first quarter. Principal Financial Group Inc. now owns 7,797 shares of the insurance provider’s stock valued at $425,000 after acquiring an additional 448 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.
AXIS Capital Stock Down 0.2 %
Shares of AXS stock traded down $0.09 on Friday, reaching $54.94. 67,710 shares of the company were exchanged, compared to its average volume of 511,782. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.29 and a beta of 0.84. The company has a 50-day moving average of $54.41 and a 200-day moving average of $55.58. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.59 and a quick ratio of 0.59. AXIS Capital Holdings Limited has a one year low of $48.32 and a one year high of $63.99.
AXIS Capital (NYSE:AXS – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.46. AXIS Capital had a net margin of 6.85% and a return on equity of 14.09%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $1.74 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Analysts anticipate that AXIS Capital Holdings Limited will post 8.41 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have commented on AXS shares. Roth Capital reaffirmed a “buy” rating on shares of AXIS Capital in a research report on Thursday, April 27th. StockNews.com assumed coverage on shares of AXIS Capital in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods increased their price objective on shares of AXIS Capital from $59.00 to $61.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, AXIS Capital has a consensus rating of “Hold” and an average price target of $64.00.
Check Out Our Latest Report on AXS
Insider Buying and Selling at AXIS Capital
In other AXIS Capital news, Director Henry B. Smith sold 6,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $55.50, for a total value of $333,000.00. Following the completion of the sale, the director now owns 49,710 shares in the company, valued at approximately $2,758,905. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.
About AXIS Capital
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine classes covering offshore energy, cargo, liability, kidnap and ransom, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.
Further Reading
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