AXIS Capital Holdings Limited (NYSE:AXS) Short Interest Update

AXIS Capital Holdings Limited (NYSE:AXSGet Rating) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,040,000 shares, a growth of 12.6% from the August 15th total of 923,700 shares. Based on an average trading volume of 403,700 shares, the short-interest ratio is currently 2.6 days. Approximately 1.4% of the company’s shares are sold short.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of AXIS Capital from a “hold” rating to a “buy” rating in a research note on Sunday, August 14th. TheStreet downgraded shares of AXIS Capital from a “b” rating to a “c+” rating in a research note on Tuesday, July 26th. Morgan Stanley dropped their price target on shares of AXIS Capital from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Friday, August 19th. Finally, Jefferies Financial Group dropped their price target on shares of AXIS Capital from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.

AXIS Capital Price Performance

Shares of NYSE AXS opened at $53.03 on Wednesday. AXIS Capital has a twelve month low of $44.49 and a twelve month high of $61.39. The firm has a fifty day simple moving average of $53.00 and a 200 day simple moving average of $55.30. The company has a market capitalization of $4.49 billion, a PE ratio of 10.96, a P/E/G ratio of 1.67 and a beta of 0.72. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.36.

AXIS Capital (NYSE:AXSGet Rating) last announced its 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 net margin of 8.55% and a return on equity of 11.81%. During the same quarter in the prior year, the firm earned $2.00 earnings per share. On average, sell-side analysts forecast that AXIS Capital will post 6.4 EPS for the current year.

Hedge Funds Weigh In On AXIS Capital

A number of hedge funds have recently bought and sold shares of AXS. Scout Investments Inc. bought a new stake in AXIS Capital in the first quarter valued at $56,866,000. Berkley W R Corp bought a new stake in AXIS Capital in the second quarter valued at $49,259,000. Schonfeld Strategic Advisors LLC increased its stake in AXIS Capital by 161.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 305,992 shares of the insurance provider’s stock valued at $16,668,000 after purchasing an additional 807,850 shares in the last quarter. Millennium Management LLC increased its stake in AXIS Capital by 175.2% in the fourth quarter. Millennium Management LLC now owns 791,038 shares of the insurance provider’s stock valued at $43,088,000 after purchasing an additional 503,565 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in AXIS Capital by 279.6% in the fourth quarter. Point72 Asset Management L.P. now owns 546,273 shares of the insurance provider’s stock valued at $29,755,000 after purchasing an additional 402,349 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

AXIS Capital Company Profile

(Get Rating)

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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