Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.37 Million Stake in Axis Capital Holdings Limited (AXS)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Axis Capital Holdings Limited (NYSE:AXS) by 46.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,336 shares of the insurance provider’s stock after buying an additional 13,163 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Axis Capital were worth $2,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blair William & Co. IL increased its position in shares of Axis Capital by 0.3% during the second quarter. Blair William & Co. IL now owns 9,850 shares of the insurance provider’s stock valued at $637,000 after buying an additional 33 shares during the period. M&T Bank Corp increased its position in shares of Axis Capital by 0.3% during the second quarter. M&T Bank Corp now owns 13,137 shares of the insurance provider’s stock valued at $849,000 after buying an additional 42 shares during the period. AMG Funds LLC increased its position in shares of Axis Capital by 0.4% during the second quarter. AMG Funds LLC now owns 21,193 shares of the insurance provider’s stock valued at $1,370,000 after buying an additional 82 shares during the period. Candriam Luxembourg S.C.A. increased its position in shares of Axis Capital by 1.4% during the second quarter. Candriam Luxembourg S.C.A. now owns 13,034 shares of the insurance provider’s stock valued at $843,000 after buying an additional 180 shares during the period. Finally, Advisory Services Network LLC increased its position in shares of Axis Capital by 2.9% during the second 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. Institutional investors own 87.47% of the company’s stock.

In related news, EVP Conrad D. Brooks sold 7,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.31, for a total transaction of $392,325.00. Following the transaction, the executive vice president now owns 6,027 shares in the company, valued at $315,272.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.89% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Axis Capital from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Morgan Stanley dropped their price objective on shares of Axis Capital from $70.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 31st. TheStreet lowered shares of Axis Capital from a “b-” rating to a “c” rating in a research note on Wednesday, October 25th. Wells Fargo & Company set a $54.00 price objective on shares of Axis Capital and gave the stock a “sell” rating in a research note on Thursday, October 26th. Finally, MKM Partners dropped their target price on shares of Axis Capital from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $61.45.

Shares of Axis Capital Holdings Limited (NYSE:AXS) traded down $0.46 during trading on Thursday, reaching $49.80. 1,101,701 shares of the company were exchanged, compared to its average volume of 554,935. Axis Capital Holdings Limited has a 12 month low of $49.80 and a 12 month high of $71.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.51 and a current ratio of 0.51.

Axis Capital (NYSE:AXS) last issued its quarterly earnings data 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). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $972.10 million. Axis Capital had a negative net margin of 4.55% and a negative return on equity of 2.59%. During the same quarter last year, the company earned $1.78 EPS. research analysts anticipate that Axis Capital Holdings Limited will post -2.2 earnings per share for the current fiscal year.

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Axis Capital 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.

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

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