American Century Companies Inc. Lowers Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

American Century Companies Inc. trimmed its stake in AXIS Capital Holdings Limited (NYSE:AXS) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,143,604 shares of the insurance provider’s stock after selling 155,810 shares during the period. American Century Companies Inc. owned about 3.71% of AXIS Capital worth $222,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in AXIS Capital by 55.6% in the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after buying an additional 165 shares during the period. GAMMA Investing LLC boosted its position in AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock valued at $36,000 after buying an additional 226 shares during the period. Covestor Ltd boosted its position in AXIS Capital by 45.9% in the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock valued at $38,000 after buying an additional 185 shares during the period. TFO Wealth Partners LLC raised its holdings in shares of AXIS Capital by 61,675.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,471 shares of the insurance provider’s stock valued at $137,000 after purchasing an additional 2,467 shares in the last quarter. Finally, Highland Capital Management LLC bought a new stake in shares of AXIS Capital in the 2nd quarter valued at about $208,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group boosted their price target on shares of AXIS Capital from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Bank of America boosted their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods boosted their price target on shares of AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company boosted their price target on shares of AXIS Capital from $63.00 to $74.00 and gave the company an “underweight” rating in a report on Monday, August 12th. Finally, Roth Mkm boosted their price target on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, AXIS Capital has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

AXIS Capital Trading Up 1.0 %

NYSE AXS opened at $76.29 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 market cap of $6.46 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 0.26 and a beta of 0.89. The company has a 50 day moving average price of $74.17 and a 200 day moving average price of $69.22. AXIS Capital Holdings Limited has a 52 week low of $52.90 and a 52 week high of $80.50.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.52 by $0.41. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.49 billion. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. AXIS Capital’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.23 EPS. As a group, sell-side analysts forecast that AXIS Capital Holdings Limited will post 10.71 EPS for the current fiscal year.

About AXIS Capital

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.