Henry B. Smith Sells 10,000 Shares of Axis Capital Holdings Limited (NYSE:AXS) Stock

Axis Capital Holdings Limited (NYSE:AXS) Director Henry B. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $64.91, for a total transaction of $649,100.00. Following the transaction, the director now owns 44,976 shares of the company’s stock, valued at approximately $2,919,392.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NYSE AXS opened at $63.83 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.33. The firm has a market cap of $5.36 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.54 and a beta of 0.27. The company has a 50 day moving average price of $61.93 and a 200 day moving average price of $62.06. Axis Capital Holdings Limited has a 52 week low of $54.47 and a 52 week high of $67.51.

Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $786.15 million during the quarter, compared to analyst estimates of $741.78 million. Axis Capital had a net margin of 6.25% and a return on equity of 5.40%. Axis Capital’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.61) EPS. On average, equities research analysts anticipate that Axis Capital Holdings Limited will post 5.13 earnings per share for the current fiscal year.

Several research analysts recently commented on AXS shares. UBS Group boosted their price objective on shares of Axis Capital from $69.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Wells Fargo & Co lowered shares of Axis Capital from an “equal weight” rating to an “underweight” rating and set a $60.00 price objective for the company. in a research note on Monday, January 6th. TheStreet lowered shares of Axis Capital from a “b” rating to a “c+” rating in a research note on Tuesday, October 29th. Finally, Zacks Investment Research upgraded shares of Axis Capital from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Axis Capital presently has an average rating of “Buy” and an average target price of $68.29.

A number of institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Axis Capital by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 8,332 shares of the insurance provider’s stock valued at $495,000 after purchasing an additional 233 shares in the last quarter. Benedict Financial Advisors Inc. boosted its holdings in shares of Axis Capital by 1.2% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 21,246 shares of the insurance provider’s stock valued at $1,418,000 after acquiring an additional 249 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Axis Capital by 0.6% in the 4th quarter. Bessemer Group Inc. now owns 45,199 shares of the insurance provider’s stock valued at $2,686,000 after acquiring an additional 252 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Axis Capital by 10.9% in the 4th quarter. Advisor Group Inc. now owns 2,699 shares of the insurance provider’s stock valued at $161,000 after acquiring an additional 266 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Axis Capital by 0.6% in the 2nd quarter. Morgan Stanley now owns 75,017 shares of the insurance provider’s stock valued at $4,476,000 after acquiring an additional 417 shares during the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

Axis Capital Company Profile

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, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.

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