SG Americas Securities LLC Has $460,000 Stock Position in AXIS Capital Holdings Limited (NYSE:AXS)

SG Americas Securities LLC lifted its stake in AXIS Capital Holdings Limited (NYSE:AXSGet Rating) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,613 shares of the insurance provider’s stock after acquiring an additional 222 shares during the quarter. SG Americas Securities LLC’s holdings in AXIS Capital were worth $460,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AXS. Outfitter Financial LLC bought a new position in shares of AXIS Capital during the 4th quarter worth approximately $155,000. C M Bidwell & Associates Ltd. bought a new stake in AXIS Capital in the 1st quarter valued at $184,000. Advisor Group Holdings Inc. boosted 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 period. CIBC Asset Management Inc bought a new stake in shares of AXIS Capital during the 4th quarter valued at $200,000. Finally, Miracle Mile Advisors LLC bought a new stake in shares of AXIS Capital during the 1st quarter valued at $206,000. Institutional investors and hedge funds own 93.67% of the company’s stock.

AXIS Capital Price Performance

Shares of AXS opened at $50.56 on Friday. AXIS Capital Holdings Limited has a 12-month low of $44.49 and a 12-month high of $61.39. The business has a 50-day simple moving average of $54.78 and a two-hundred day simple moving average of $55.83. 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 stock has a market cap of $4.28 billion, a PE ratio of 10.45, a PEG ratio of 1.57 and a beta of 0.75.

AXIS Capital (NYSE:AXSGet Rating) last issued its earnings results on Tuesday, July 26th. The insurance provider reported $1.74 earnings per share (EPS) 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 period in the previous year, the firm posted $2.00 earnings per share. Analysts anticipate that AXIS Capital Holdings Limited will post 6.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on AXS shares. TheStreet downgraded AXIS Capital from a “b” rating to a “c+” rating in a research report on Tuesday, July 26th. StockNews.com downgraded AXIS Capital from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Jefferies Financial Group dropped their price objective on AXIS Capital from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, July 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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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