Raymond James & Associates Sells 28,909 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

VaselineAugust 20, 2024

0 4 minutes read

Raymond James & Associates lowered its position in AXIS Capital Holdings Limited (NYSE:AXS – Free Report) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 492,629 shares of the insurance provider’s stock after selling 28,909 shares during the period. Raymond James & Associates’ holdings in AXIS Capital were worth $34,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hunter Perkins Capital Management LLC boosted its holdings in shares of AXIS Capital by 9.0% in the second quarter. Hunter Perkins Capital Management LLC now owns 22,590 shares of the insurance provider’s stock valued at $1,596,000 after purchasing an additional 1,860 shares during the period. Clear Harbor Asset Management LLC increased its position in AXIS Capital by 2.0% in the second quarter. Clear Harbor Asset Management LLC now owns 85,588 shares of the insurance provider’s stock worth $6,047,000 after purchasing an additional 1,704 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in AXIS Capital by 3.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,212 shares of the insurance provider’s stock worth $368,000 after buying an additional 172 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in AXIS Capital by 52.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,060 shares of the insurance provider’s stock valued at $711,000 after buying an additional 3,463 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of AXIS Capital by 5.0% in the second quarter. QRG Capital Management Inc. now owns 8,032 shares of the insurance provider’s stock valued at $567,000 after buying an additional 383 shares during the last quarter. Institutional investors own 93.44% of the company’s shares.

Insider buying and selling at AXIS Capital

In other AXIS Capital news, Director Stanley A. Galanski acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of $71.43 per share, for a total transaction of $142,860.00. Following the completion of the transaction, the director now owns 11,763 shares in the company, valued at $840,231.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders own 0.50% of the company’s shares.

AXIS capital stock performance

Want more great investment ideas?

Shares of NYSE AXS opened at $75.19 on Tuesday. AXIS Capital Holdings Limited has a one year low of $52.90 and a one year high of $78.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.62, and a quick ratio of 0.62. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.27 and a beta of 0.90. The stock has a fifty day moving average price of $71.78 and a two hundred day moving average price of $67.25.

AXIS Capital (NYSE:AXS – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.93 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.49 billion. During the same period last year, the company posted earnings of $2.23 per share. AXIS Capital’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts predict that AXIS Capital Holdings Limited will post 10.35 EPS for the current year.

Analysts set new price targets

A number of research firms recently weighed in on AXS. Bank of America boosted their price target on AXIS Capital from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Roth Mkm raised their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their price objective on shares of AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. UBS Group boosted their price target on shares of AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company upped their target price on shares of AXIS Capital from $63.00 to $74.00 and gave the company an “underweight” rating in a research note on Monday, August 12th . Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. AXIS Capital presently has a consensus rating of “Hold” and a consensus price target of $76.29, based on data from MarketBeat.

Get our latest report on AXIS Capital

AXIS Capital Company Profile

(Free report)

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 covering 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 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 due to an act of terrorism.