NWQ Investment Management Company LLC grew its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,356,863 shares of the insurance provider’s stock after acquiring an additional 122,224 shares during the quarter. NWQ Investment Management Company LLC owned 1.63% of Axis Capital worth $68,196,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of AXS. The Manufacturers Life Insurance Company bought a new stake in shares of Axis Capital during the second quarter worth about $207,000. Crossmark Global Holdings Inc. bought a new stake in shares of Axis Capital during the third quarter worth about $256,000. State of Wisconsin Investment Board grew its holdings in shares of Axis Capital by 3.4% during the third quarter. State of Wisconsin Investment Board now owns 76,422 shares of the insurance provider’s stock worth $4,380,000 after purchasing an additional 2,543 shares during the last quarter. Swiss National Bank grew its holdings in shares of Axis Capital by 0.3% during the third quarter. Swiss National Bank now owns 759,346 shares of the insurance provider’s stock worth $43,518,000 after purchasing an additional 2,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Axis Capital by 22.5% during the third quarter. BNP Paribas Arbitrage SA now owns 19,102 shares of the insurance provider’s stock worth $1,095,000 after purchasing an additional 3,509 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the company. ValuEngine upgraded Axis Capital from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Wells Fargo & Co reiterated a “hold” rating and issued a $52.00 target price on shares of Axis Capital in a report on Wednesday, February 7th. Zacks Investment Research cut Axis Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 27th. Deutsche Bank reduced their target price on Axis Capital from $55.00 to $54.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Finally, UBS Group upgraded Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $60.22.
Shares of Axis Capital Holdings Limited (NYSE AXS) opened at $55.17 on Monday. Axis Capital Holdings Limited has a twelve month low of $47.43 and a twelve month high of $69.11. The company has a market capitalization of $4,591.73, a P/E ratio of -11.03, a P/E/G ratio of 1.50 and a beta of 0.49. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.30.
Axis Capital (NYSE:AXS) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). Axis Capital had a negative net margin of 8.04% and a negative return on equity of 4.48%. The company had revenue of $729.42 million during the quarter, compared to the consensus estimate of $549.41 million. During the same quarter in the previous year, the company earned $1.14 earnings per share. The business’s revenue was up 57.1% on a year-over-year basis. equities analysts predict that Axis Capital Holdings Limited will post 4.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, March 28th. Axis Capital’s payout ratio is -31.20%.
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Axis Capital Profile
AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.
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