AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXSGet Rating) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,613 shares of the insurance provider’s stock after selling 1,716 shares during the quarter. Shell Asset Management Co.’s holdings in AXIS Capital were worth $702,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Outfitter Financial LLC acquired a new position in shares of AXIS Capital during the 4th quarter worth approximately $155,000. C M Bidwell & Associates Ltd. acquired a new position in shares of AXIS Capital during the 1st quarter worth approximately $184,000. Miracle Mile Advisors LLC acquired a new position in AXIS Capital in the 1st quarter valued at $206,000. Advisor Group Holdings Inc. raised its stake in AXIS Capital by 14.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,425 shares of the insurance provider’s stock valued at $186,000 after purchasing an additional 444 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in AXIS Capital in the 4th quarter valued at $200,000. 93.67% of the stock is owned by institutional investors and hedge funds.

AXIS Capital Stock Down 3.4 %

Shares of NYSE:AXS opened at $48.77 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $55.39 and a two-hundred day moving average of $56.02. The stock has a market cap of $4.16 billion, a P/E ratio of 10.08, a PEG ratio of 1.58 and a beta of 0.75. AXIS Capital Holdings Limited has a 52-week low of $44.49 and a 52-week high of $61.39.

AXIS Capital (NYSE:AXSGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The insurance provider reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.21. AXIS Capital had a return on equity of 11.81% and a net margin of 8.55%. During the same quarter in the previous year, the firm posted $2.00 earnings per share. On average, research analysts expect that AXIS Capital Holdings Limited will post 6.39 earnings per share for the current year.

AXIS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.53%. The ex-dividend date was Wednesday, June 29th. AXIS Capital’s payout ratio is 35.54%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group reduced their price objective on AXIS Capital from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, July 12th. TheStreet downgraded AXIS Capital from a “b” rating to a “c+” rating in a research note on Tuesday, July 26th. Finally, raised AXIS Capital from a “hold” rating to a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $61.00.

AXIS Capital Profile

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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 insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.

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Institutional Ownership by Quarter for AXIS Capital (NYSE:AXS)

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