XTX Topco Ltd Acquires New Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

XTX Topco Ltd bought a new position in AXIS Capital Holdings Limited (NYSE:AXS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,224 shares of the insurance provider’s stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in AXIS Capital by 50.9% in the 1st quarter. JPMorgan Chase & Co. now owns 125,923 shares of the insurance provider’s stock valued at $7,614,000 after buying an additional 42,496 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of AXIS Capital by 6.4% during the 1st quarter. Bank of New York Mellon Corp now owns 275,103 shares of the insurance provider’s stock worth $16,635,000 after purchasing an additional 16,513 shares during the last quarter. US Bancorp DE lifted its position in shares of AXIS Capital by 447.2% during the 1st quarter. US Bancorp DE now owns 487 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 398 shares during the last quarter. Cetera Advisor Networks LLC acquired a new stake in AXIS Capital in the 1st quarter valued at approximately $366,000. Finally, Bank of Montreal Can bought a new position in AXIS Capital in the 1st quarter worth approximately $201,000. Institutional investors and hedge funds own 89.61% of the company’s stock.

Insider Buying and Selling

In other AXIS Capital news, Director Henry B. Smith sold 6,000 shares of the company’s stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AXS has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of AXIS Capital from $59.00 to $61.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 9th. StockNews.com assumed coverage on shares of AXIS Capital in a report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of AXIS Capital in a research note on Friday. They issued a “sell” rating and a $51.00 target price for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.75.

AXIS Capital Trading Down 2.6 %

Shares of AXS stock opened at $53.72 on Monday. The firm has a fifty day moving average of $54.63 and a 200-day moving average of $54.93. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.31 and a beta of 0.84. 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.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.46. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.39 billion. AXIS Capital had a net margin of 6.85% and a return on equity of 14.09%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.74 earnings per share. On average, equities research analysts forecast that AXIS Capital Holdings Limited will post 8.41 earnings per share for the current fiscal year.

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.