Rhumbline Advisers lowered its position in shares of Axis Capital Holdings Limited (NYSE:AXS) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,000 shares of the insurance provider’s stock after selling 974 shares during the quarter. Rhumbline Advisers owned about 0.10% of Axis Capital worth $4,642,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlueMountain Capital Management LLC boosted its position in Axis Capital by 62.0% during the second quarter. BlueMountain Capital Management LLC now owns 2,559 shares of the insurance provider’s stock valued at $165,000 after acquiring an additional 979 shares during the last quarter. Quantbot Technologies LP bought a new stake in Axis Capital during the second quarter valued at $203,000. The Manufacturers Life Insurance Company bought a new stake in Axis Capital during the second quarter valued at $207,000. Toronto Dominion Bank boosted its position in Axis Capital by 237.6% during the third quarter. Toronto Dominion Bank now owns 3,572 shares of the insurance provider’s stock valued at $205,000 after acquiring an additional 2,514 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Axis Capital during the third quarter valued at $256,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.
Axis Capital Holdings Limited (NYSE AXS) opened at $51.16 on Tuesday. Axis Capital Holdings Limited has a fifty-two week low of $51.11 and a fifty-two week high of $71.06. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21.
In related news, EVP Conrad D. Brooks sold 7,500 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.31, for a total value of $392,325.00. Following the sale, the executive vice president now owns 6,027 shares in the company, valued at approximately $315,272.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.89% of the company’s stock.
Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of Axis Capital from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Axis Capital from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Wells Fargo & Company set a $54.00 price objective on shares of Axis Capital and gave the company a “sell” rating in a report on Thursday, October 26th. Bank of America dropped their price objective on shares of Axis Capital from $73.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 13th. Finally, MKM Partners dropped their price objective on shares of Axis Capital from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Axis Capital currently has a consensus rating of “Hold” and a consensus target price of $61.45.
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About Axis Capital
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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