Axis Capital Holdings Limited (AXS) Shares Sold by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. reduced its stake in Axis Capital Holdings Limited (NYSE:AXS) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,300 shares of the insurance provider’s stock after selling 1,700 shares during the period. Pictet Asset Management Ltd.’s holdings in Axis Capital Holdings Limited were worth $1,908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Highstreet Asset Management Inc. raised its holdings in Axis Capital Holdings Limited by 12.8% in the 3rd quarter. Highstreet Asset Management Inc. now owns 19,648 shares of the insurance provider’s stock valued at $1,126,000 after buying an additional 2,234 shares during the period. First Trust Advisors LP raised its holdings in Axis Capital Holdings Limited by 6.3% in the 3rd quarter. First Trust Advisors LP now owns 561,960 shares of the insurance provider’s stock valued at $32,206,000 after buying an additional 33,408 shares during the period. PGGM Investments raised its holdings in Axis Capital Holdings Limited by 171.9% in the 3rd quarter. PGGM Investments now owns 333,839 shares of the insurance provider’s stock valued at $19,132,000 after buying an additional 211,079 shares during the period. Shell Asset Management Co. raised its holdings in Axis Capital Holdings Limited by 92.2% in the 3rd quarter. Shell Asset Management Co. now owns 189,880 shares of the insurance provider’s stock valued at $8,987,000 after buying an additional 91,084 shares during the period. Finally, Advisory Services Network LLC raised its holdings in Axis Capital Holdings Limited by 2.9% in the 2nd quarter. Advisory Services Network LLC now owns 8,111 shares of the insurance provider’s stock valued at $524,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 86.66% of the company’s stock.

Shares of Axis Capital Holdings Limited (AXS) opened at $53.03 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. Axis Capital Holdings Limited has a one year low of $52.15 and a one year high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last released its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($5.34) by ($0.01). Axis Capital Holdings Limited had a negative return on equity of 2.59% and a negative net margin of 4.55%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $972.10 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. analysts expect that Axis Capital Holdings Limited will post -2.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 9th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.87%. This is a positive change from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, October 5th. Axis Capital Holdings Limited’s dividend payout ratio is presently -49.67%.

Several analysts recently issued reports on AXS shares. Bank of America Corporation reduced their price objective on shares of Axis Capital Holdings Limited from $73.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 13th. ValuEngine lowered shares of Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Morgan Stanley cut their price target on shares of Axis Capital Holdings Limited from $70.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 31st. Finally, Citigroup Inc. cut their price target on shares of Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $61.45.

ILLEGAL ACTIVITY WARNING: “Axis Capital Holdings Limited (AXS) Shares Sold by Pictet Asset Management Ltd.” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/11/14/axis-capital-holdings-limited-axs-shares-sold-by-pictet-asset-management-ltd.html.

Axis Capital Holdings Limited 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.

Want to see what other hedge funds are holding AXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axis Capital Holdings Limited (NYSE:AXS).

Institutional Ownership by Quarter for Axis Capital Holdings Limited (NYSE:AXS)

Receive News & Ratings for Axis Capital Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axis Capital Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply