AXIS Capital Holdings Limited (NYSE:AXS) shares purchased by North Carolina State Treasurer


The North Carolina State Treasurer increased its stake in AXIS Capital Holdings Limited (NYSE:AXSGet a rating) by 1.6% in Q1, according to its most recent 13F filing with the SEC. The fund held 28,525 shares of the insurance provider after acquiring an additional 453 shares during the period. The North Carolina State Treasurer’s holdings in AXIS Capital were worth $1,725,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AXS. Scout Investments Inc. acquired a new position in AXIS Capital in Q1 worth $56,866,000. Schonfeld Strategic Advisors LLC increased its stake in AXIS Capital by 161.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 305,992 shares of the insurance provider valued at $16,668,000 after acquiring an additional 807,850 shares in the last quarter. Millennium Management LLC increased its stake in AXIS Capital by 175.2% in the 4th quarter. Millennium Management LLC now owns 791,038 shares of the insurance provider valued at $43,088,000 after acquiring an additional 503,565 shares in the last quarter. Point72 Asset Management LP increased its stake in AXIS Capital by 279.6% in Q4. Point72 Asset Management LP now owns 546,273 shares of the insurance provider valued at $29,755,000 after acquiring an additional 402,349 shares in the last quarter. Finally, TD Asset Management Inc. increased its stake in AXIS Capital by 100.9% in the 4th quarter. TD Asset Management Inc. now owns 702,552 shares of the insurance provider valued at $38,268,000 after acquiring an additional 352,794 shares last quarter. 93.67% of the shares are currently held by institutional investors and hedge funds.

AXIS share capital down 1.9%

Shares of AXIS Social capital opened at $54.48 on Friday. The company has a fifty-day moving average price of $53.91 and a 200-day moving average price of $55.64. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt ratio of 0.36. AXIS Capital Holdings Limited has a 12-month low of $44.49 and a 12-month high of $61.39. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 11.26, a growth price-to-earnings ratio of 1.73 and a beta of 0.75.

AXIS Capital (NYSE:AXSGet a rating) last announced its quarterly results on Tuesday, July 26. The insurance provider reported earnings per share of $1.74 for the quarter, beating analysts’ consensus estimate of $1.53 by $0.21. AXIS Capital posted a net margin of 8.55% and a return on equity of 11.81%. In the same quarter a year earlier, the company posted earnings per share of $2.00. Equity research analysts expect AXIS Capital Holdings Limited to post 6.4 earnings per share for the current financial year.

Wall Street analysts predict growth

A number of analysts have recently commented on the company. StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a Sunday, August 14 report. TheStreet downgraded AXIS Capital from a ‘b’ rating to a ‘c+’ rating in a Tuesday, July 26 report. Jefferies Financial Group lowered its price target on AXIS Capital from $70.00 to $66.00 and set a “buy” rating for the company in a Tuesday, July 12 report. Finally, Morgan Stanley lowered its price target on AXIS Capital from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday. Three equity research analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.33.

Profile of AXIS Capital

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AXIS Capital Holdings Limited, through its subsidiaries, offers a variety of specialist 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 land energy facilities; marine insurance products covering offshore energy, freight, liability, recreational marine, fine art, cash and hull warfare; and terrorism, aviation, credit and political risk and liability insurance products.

See also

Want to see which other hedge funds hold AXS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for AXIS Capital Holdings Limited (NYSE:AXSGet a rating).

Institutional ownership by quarter for AXIS Capital (NYSE:AXS)



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