AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP lessened its stake in AXIS Capital Holdings Limited (NYSE:AXS) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,133 shares of the insurance provider’s stock after selling 181 shares during the quarter. Wakefield Asset Management LLLP’s holdings in AXIS Capital were worth $1,069,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of AXIS Capital by 55.6% during the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 165 shares during the last quarter. GAMMA Investing LLC increased its holdings in AXIS Capital by 80.4% during the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 226 shares during the last quarter. Covestor Ltd raised its position in shares of AXIS Capital by 45.9% in the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 185 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in shares of AXIS Capital by 61,675.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,471 shares of the insurance provider’s stock valued at $137,000 after buying an additional 2,467 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of AXIS Capital during the first quarter worth approximately $201,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of AXIS Capital from $63.00 to $74.00 and gave the company an “underweight” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods lifted their price target on AXIS Capital from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Bank of America upped their price objective on AXIS Capital from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. UBS Group lifted their target price on AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, Roth Mkm upped their price target on AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $76.29.

AXIS Capital Stock Down 0.8 %

Shares of AXIS Capital stock opened at $76.70 on Friday. AXIS Capital Holdings Limited has a twelve month low of $52.90 and a twelve month high of $80.50. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.27 and a beta of 0.89. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The business’s 50 day simple moving average is $73.78 and its 200-day simple moving average is $68.87.

AXIS Capital (NYSE:AXS) last issued its earnings results on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.41. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.49 billion. AXIS Capital had a return on equity of 19.70% and a net margin of 11.28%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company earned $2.23 earnings per share. Equities research analysts forecast that AXIS Capital Holdings Limited will post 10.7 earnings per share for the current year.

AXIS Capital Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.