AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,715 shares of the insurance provider’s stock after selling 842 shares during the period. Amalgamated Bank’s holdings in AXIS Capital were worth $969,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of AXIS Capital by 55.6% in the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 165 shares in the last quarter. GAMMA Investing LLC boosted its stake in AXIS Capital by 80.4% during the second quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after buying an additional 226 shares during the last quarter. Covestor Ltd increased its stake in shares of AXIS Capital by 45.9% in the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 185 shares during the last quarter. TFO Wealth Partners LLC raised its holdings 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 worth $137,000 after acquiring an additional 2,467 shares during the period. Finally, Argent Trust Co acquired a new position in shares of AXIS Capital during the 2nd quarter valued at about $205,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

AXIS Capital Trading Down 0.1 %

Shares of NYSE AXS opened at $79.27 on Friday. 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 stock has a market capitalization of $6.71 billion, a PE ratio of 12.12, a PEG ratio of 0.26 and a beta of 0.89. AXIS Capital Holdings Limited has a twelve month low of $52.90 and a twelve month high of $80.50. The stock has a fifty day simple moving average of $76.01 and a 200-day simple moving average of $70.60.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.41. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm earned $2.23 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts forecast that AXIS Capital Holdings Limited will post 10.71 earnings per share for the current year.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 30th will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 2.22%. AXIS Capital’s dividend payout ratio is presently 26.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. 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 report on Thursday, July 11th. Wells Fargo & Company raised their target price on AXIS Capital from $63.00 to $74.00 and gave the stock an “underweight” rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods increased their price target on AXIS Capital from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Roth Mkm boosted their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

About AXIS Capital

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.