Swiss National Bank Has $9.47 Million Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Swiss National Bank trimmed its stake in AXIS Capital Holdings Limited (NYSE:AXS – Free Report) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,600 shares of the insurance provider’s stock after selling 20,600 shares during the quarter. Swiss National Bank owned approximately 0.20% of AXIS Capital worth $9,465,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AXS. T. Rowe Price Investment Management Inc. grew its stake in shares of AXIS Capital by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,193,257 shares of the insurance provider’s stock valued at $552,169,000 after buying an additional 60,669 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of AXIS Capital by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,317,329 shares of the insurance provider’s stock worth $408,797,000 after purchasing an additional 61,648 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of AXIS Capital by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,845,763 shares of the insurance provider’s stock worth $208,323,000 after purchasing an additional 216,025 shares during the last quarter. BlackRock Inc. raised its holdings in shares of AXIS Capital by 1.8% in the 3rd quarter. BlackRock Inc. now owns 3,423,553 shares of the insurance provider’s stock valued at $168,268,000 after purchasing an additional 61,427 shares during the period. Finally, Jennison Associates LLC lifted its stake in AXIS Capital by 8.4% in the 1st quarter. Jennison Associates LLC now owns 1,947,818 shares of the insurance provider’s stock valued at $106,195,000 after purchasing an additional 151,663 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

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Insider Buying and Selling at AXIS Capital

In other news, Director Henry B. Smith sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $55.50, for a total transaction of $333,000.00. Following the transaction, the director now directly owns 49,710 shares of the company’s stock, valued at $2,758,905. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AXS. Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $59.00 to $61.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 9th. StockNews.com started coverage on AXIS Capital in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $64.00.

Check Out Our Latest Analysis on AXS

AXIS Capital Price Performance

Shares of NYSE AXS opened at $54.41 on Friday. The firm has a market cap of $4.64 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. The business’s 50 day moving average is $54.40 and its 200-day moving average is $55.54. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. AXIS Capital Holdings Limited has a 1-year low of $48.32 and a 1-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 return on equity of 14.09% and a net margin of 6.85%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Equities research analysts predict that AXIS Capital Holdings Limited will post 8.41 earnings per share for the current year.

AXIS Capital Company Profile

(Free Report)

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.

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