General American Investors Co. Inc. Sells 20,000 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

General American Investors Co. Inc. trimmed its position in AXIS Capital Holdings Limited (NYSE:AXS) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,624 shares of the insurance provider’s stock after selling 20,000 shares during the period. General American Investors Co. Inc.’s holdings in AXIS Capital were worth $9,441,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AXS. Charles Schwab Investment Management Inc. boosted its holdings in AXIS Capital by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 973,886 shares of the insurance provider’s stock valued at $53,924,000 after purchasing an additional 31,765 shares during the period. Teacher Retirement System of Texas boosted its holdings in AXIS Capital by 0.7% in the 4th quarter. Teacher Retirement System of Texas now owns 42,833 shares of the insurance provider’s stock valued at $2,372,000 after purchasing an additional 318 shares during the period. BNP Paribas Financial Markets boosted its holdings in AXIS Capital by 43.9% in the 4th quarter. BNP Paribas Financial Markets now owns 26,663 shares of the insurance provider’s stock valued at $1,476,000 after purchasing an additional 8,135 shares during the period. Dana Investment Advisors Inc. boosted its holdings in AXIS Capital by 5.3% in the 4th quarter. Dana Investment Advisors Inc. now owns 25,381 shares of the insurance provider’s stock valued at $1,405,000 after purchasing an additional 1,274 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of AXIS Capital by 25.4% during the 4th quarter. QRG Capital Management Inc. now owns 7,580 shares of the insurance provider’s stock worth $420,000 after acquiring an additional 1,535 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AXS shares. UBS Group lifted their price objective on shares of AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Roth Mkm lifted their price objective 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. Keefe, Bruyette & Woods lifted their price objective on shares of AXIS Capital from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company lifted their price objective on shares of AXIS Capital from $63.00 to $74.00 and gave the stock an “underweight” rating in a report on Monday, August 12th. Finally, Bank of America lifted their target price on shares of AXIS Capital from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, AXIS Capital has a consensus rating of “Hold” and an average target price of $76.29.

AXIS Capital Stock Down 0.8 %

AXS opened at $76.70 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $73.78 and a 200-day moving average price of $68.87. AXIS Capital Holdings Limited has a twelve month low of $52.90 and a twelve month high of $80.50. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.27 and a beta of 0.89.

AXIS Capital (NYSE:AXS) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.41. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company earned $2.23 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Equities research analysts forecast that AXIS Capital Holdings Limited will post 10.7 earnings per share for the current year.

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.