First Trust Advisors LP increased its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 27.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 715,188 shares of the insurance provider’s stock after purchasing an additional 153,228 shares during the period. First Trust Advisors LP’s holdings in Axis Capital were worth $35,945,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank grew its holdings in Axis Capital by 237.6% during the third quarter. Toronto Dominion Bank now owns 3,572 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 2,514 shares during the period. The Manufacturers Life Insurance Company bought a new position in Axis Capital during the second quarter worth about $207,000. Magnetar Financial LLC bought a new position in Axis Capital during the third quarter worth about $224,000. Crossmark Global Holdings Inc. bought a new position in Axis Capital during the third quarter worth about $256,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Axis Capital during the third quarter worth about $265,000. Institutional investors and hedge funds own 85.33% of the company’s stock.
Shares of Axis Capital Holdings Limited (NYSE AXS) opened at $51.47 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21. The stock has a market cap of $4,280.19, a P/E ratio of -10.29, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. Axis Capital Holdings Limited has a 1 year low of $47.99 and a 1 year high of $71.06.
A number of equities analysts recently commented on AXS shares. TheStreet cut Axis Capital from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Morgan Stanley reduced their price target on Axis Capital from $70.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 31st. Zacks Investment Research upgraded Axis Capital from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Deutsche Bank reduced their price target on Axis Capital from $55.00 to $54.00 and set a “hold” rating for the company in a report on Friday, February 9th. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $52.00 price target on shares of Axis Capital in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $60.22.
In other Axis Capital news, EVP Conrad D. Brooks sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.31, for a total transaction of $392,325.00. Following the completion of the sale, the executive vice president now directly owns 6,027 shares in the company, valued at $315,272.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.89% of the company’s stock.
Axis Capital Company 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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