Posted by admin on Aug 16th, 2022 
Commerce Bank reduced its position in AXIS Capital Holdings Limited (NYSE:AXS – Get Rating) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,125 shares of the insurance provider’s stock after selling 400 shares during the period. Commerce Bank’s holdings in AXIS Capital were worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of AXS. Yousif Capital Management LLC purchased a new position in shares of AXIS Capital in the 4th quarter worth $223,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AXIS Capital by 56.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,158 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 3,660 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in AXIS Capital by 14.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 3,425 shares of the insurance provider’s stock valued at $186,000 after purchasing an additional 444 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in AXIS Capital by 4.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 21,240 shares of the insurance provider’s stock valued at $1,157,000 after purchasing an additional 950 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in AXIS Capital by 12.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,544 shares of the insurance provider’s stock valued at $1,010,000 after purchasing an additional 2,078 shares in the last quarter. 93.67% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:AXS opened at $54.33 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.36. The business’s 50-day simple moving average is $54.10 and its two-hundred day simple moving average is $55.70. The stock has a market cap of $4.60 billion, a PE ratio of 11.23, a P/E/G ratio of 1.69 and a beta of 0.75. AXIS Capital Holdings Limited has a 52 week low of $44.49 and a 52 week high of $61.39.
AXIS Capital (NYSE:AXS – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The insurance provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. AXIS Capital had a return on equity of 11.81% and a net margin of 8.55%. During the same quarter in the previous year, the firm earned $2.00 EPS. As a group, analysts forecast that AXIS Capital Holdings Limited will post 6.39 EPS for the current fiscal year.
Several equities analysts recently weighed in on AXS shares. TheStreet downgraded AXIS Capital from a “b” rating to a “c+” rating in a research report on Tuesday, July 26th. Jefferies Financial Group lowered their target price on AXIS Capital from $70.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, July 12th. Finally, StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a research report on Sunday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AXIS Capital has an average rating of “Hold” and an average price target of $61.00.
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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 insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.
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