Beck Mack & Oliver LLC decreased its position in shares of Axis Capital Holdings Ltd. (NYSE:AXS) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 286,750 shares of the company’s stock after selling 1,300 shares during the period. Beck Mack & Oliver LLC’s holdings in Axis Capital Holdings were worth $15,771,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Chicago Equity Partners LLC increased its stake in shares of Axis Capital Holdings by 11.2% in the second quarter. Chicago Equity Partners LLC now owns 6,070 shares of the company’s stock worth $334,000 after buying an additional 610 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Axis Capital Holdings by 1.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,532 shares of the company’s stock worth $359,000 after buying an additional 121 shares during the period. Benedict Financial Advisors Inc. increased its stake in shares of Axis Capital Holdings by 1.5% in the second quarter. Benedict Financial Advisors Inc. now owns 12,224 shares of the company’s stock worth $666,000 after buying an additional 182 shares during the period. MU Investments Co. Ltd. bought a new stake in shares of Axis Capital Holdings during the second quarter worth approximately $119,000. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Axis Capital Holdings by 6.3% in the second quarter. Candriam Luxembourg S.C.A. now owns 11,602 shares of the company’s stock worth $638,000 after buying an additional 692 shares during the period. Institutional investors own 90.16% of the company’s stock.
Axis Capital Holdings Ltd. (NYSE:AXS) traded down 0.04% during trading on Monday, hitting $56.94. 129,218 shares of the stock were exchanged. The firm has a market capitalization of $5.16 billion, a PE ratio of 10.10 and a beta of 0.74. The stock has a 50 day moving average price of $55.65 and a 200-day moving average price of $54.79. Axis Capital Holdings Ltd. has a 12-month low of $51.01 and a 12-month high of $57.98.
Axis Capital Holdings (NYSE:AXS) last released its earnings results on Tuesday, July 26th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Axis Capital Holdings had a net margin of 14.19% and a return on equity of 6.44%. The firm earned $1.06 billion during the quarter, compared to analyst estimates of $983.53 million. During the same quarter in the previous year, the business earned $0.93 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Axis Capital Holdings Ltd. will post $3.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from Axis Capital Holdings’s previous quarterly dividend of $0.29. Axis Capital Holdings’s payout ratio is currently 25.04%.
A number of analysts have recently issued reports on AXS shares. Morgan Stanley increased their target price on Axis Capital Holdings from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded Axis Capital Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Citigroup Inc. restated a “neutral” rating on shares of Axis Capital Holdings in a report on Tuesday, June 21st. Eight analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $59.00.
In other Axis Capital Holdings news, EVP Richard T. Gieryn, Jr. sold 10,400 shares of Axis Capital Holdings stock in a transaction on Friday, September 9th. The shares were sold at an average price of $56.15, for a total transaction of $583,960.00. Following the completion of the sale, the executive vice president now owns 15,958 shares of the company’s stock, valued at approximately $896,041.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.
Axis Capital Holdings Company Profile
AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re.
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