Atlas Capital Advisors LLC Has $617,000 Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Atlas Capital Advisors LLC lifted its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 6,997.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,730 shares of the insurance provider’s stock after purchasing an additional 8,607 shares during the quarter. Atlas Capital Advisors LLC’s holdings in AXIS Capital were worth $617,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new position in AXIS Capital in the 4th quarter valued at about $52,845,000. ING Groep NV bought a new position in AXIS Capital in the fourth quarter valued at approximately $1,168,000. Toronto Dominion Bank acquired a new position in AXIS Capital during the first quarter valued at approximately $5,137,000. Foundry Partners LLC lifted its stake in AXIS Capital by 35.6% during the first quarter. Foundry Partners LLC now owns 85,803 shares of the insurance provider’s stock worth $5,579,000 after purchasing an additional 22,540 shares during the last quarter. Finally, M&G Investment Management Ltd. acquired a new stake in shares of AXIS Capital in the 4th quarter valued at $7,815,000. Institutional investors own 93.44% of the company’s stock.

AXIS Capital Price Performance

Shares of NYSE AXS opened at $79.87 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.62. The firm’s 50-day simple moving average is $73.06 and its 200 day simple moving average is $68.28. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.27 and a beta of 0.90. AXIS Capital Holdings Limited has a fifty-two week low of $52.90 and a fifty-two week high of $80.00.

AXIS Capital (NYSE:AXS) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.41. AXIS Capital had a return on equity of 19.70% and a net margin of 11.28%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company earned $2.23 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that AXIS Capital Holdings Limited will post 10.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com raised AXIS Capital from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods upped their price objective on AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Roth Mkm boosted their target price on shares of AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group lifted their price objective on 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 boosted their price target on shares of AXIS Capital from $63.00 to $74.00 and gave the stock an “underweight” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $76.29.

AXIS Capital Company Profile

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.