Tower Research Capital LLC TRC Boosts Stake in AXIS Capital Holdings Limited (NYSE:AXS)

Tower Research Capital LLC TRC lifted its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 536.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,878 shares of the insurance provider’s stock after purchasing an additional 1,583 shares during the quarter. Tower Research Capital LLC TRC’s holdings in AXIS Capital were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Steph & Co. raised its stake in shares of AXIS Capital by 2.0% in the first quarter. Steph & Co. now owns 10,633 shares of the insurance provider’s stock worth $580,000 after purchasing an additional 209 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of AXIS Capital by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 4,255 shares of the insurance provider’s stock worth $230,000 after acquiring an additional 231 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of AXIS Capital by 0.7% in the first quarter. Treasurer of the State of North Carolina now owns 34,018 shares of the insurance provider’s stock worth $1,855,000 after acquiring an additional 250 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of AXIS Capital by 0.9% in the first quarter. Assenagon Asset Management S.A. now owns 29,195 shares of the insurance provider’s stock worth $1,592,000 after acquiring an additional 262 shares during the period. Finally, Knights of Columbus Asset Advisors LLC grew its holdings in shares of AXIS Capital by 0.8% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 36,748 shares of the insurance provider’s stock worth $2,004,000 after acquiring an additional 280 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.

Insider Activity

In related news, Director Henry B. Smith sold 6,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $55.50, for a total value of $333,000.00. Following the sale, the director now directly owns 49,710 shares in the company, valued at $2,758,905. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

AXIS Capital Stock Performance

NYSE:AXS opened at $55.82 on Friday. The stock has a 50-day simple moving average of $54.47 and a two-hundred day simple moving average of $55.23. AXIS Capital Holdings Limited has a 52-week low of $48.32 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $4.76 billion, a PE ratio of 14.10, a P/E/G ratio of 1.30 and a beta of 0.84.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.77 by $0.46. AXIS Capital had a return on equity of 14.09% and a net margin of 6.85%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $1.74 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Analysts forecast that AXIS Capital Holdings Limited will post 8.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com assumed coverage on AXIS Capital in a report on Thursday, August 17th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods lifted their price objective on AXIS Capital from $59.00 to $61.00 and gave the stock a “market perform” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.00.

About AXIS Capital

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 classes covering offshore energy, cargo, liability, kidnap and ransom, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.