Ownership Action Alert: Axis Capital Holdings LTD (NYSE:AXS) Institutional Investors Sentiment

November 30, 2016 - By Clifton Ray   ·   0 Comments

Ownership Action Alert: Axis Capital Holdings LTD (NYSE:AXS) Institutional Investors Sentiment

Sentiment for Axis Capital Holdings LTD (NYSE:AXS)

Axis Capital Holdings LTD (NYSE:AXS) institutional sentiment decreased to 0.9 in 2016 Q2. Its down -0.02, from 0.92 in 2016Q1. The ratio dived, as 110 active investment managers increased or started new positions, while 120 cut down and sold their stock positions in Axis Capital Holdings LTD. The active investment managers in our partner’s database now hold: 80.06 million shares, up from 79.47 million shares in 2016Q1. Also, the number of active investment managers holding Axis Capital Holdings LTD in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 21 Reduced: 99 Increased: 92 New Position: 18.

AXIS Capital Holdings Limited is a holding firm for the AXIS group of companies. The company has a market cap of $5.42 billion. The Firm provides a range of specialty insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It has a 12.15 P/E ratio. It operates in two divisions: AXIS Insurance and AXIS Re.

About 174,160 shares traded hands. Axis Capital Holdings Limited (NYSE:AXS) has risen 16.82% since April 27, 2016 and is uptrending. It has outperformed by 11.60% the S&P500.

Analysts await Axis Capital Holdings Limited (NYSE:AXS) to report earnings on February, 7. They expect $0.87 earnings per share, down 29.27% or $0.36 from last year’s $1.23 per share. AXS’s profit will be $77.04M for 17.59 P/E if the $0.87 EPS becomes a reality. After $1.78 actual earnings per share reported by Axis Capital Holdings Limited for the previous quarter, Wall Street now forecasts -51.12% negative EPS growth.

According to Zacks Investment Research, “AXIS Capital Holdings Limited is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance.”

Vulcan Value Partners Llc holds 4.57% of its portfolio in Axis Capital Holdings Limited for 8.45 million shares. Tradewinds Global Investors Llc owns 1.24 million shares or 4.44% of their US portfolio. Moreover, Clear Harbor Asset Management Llc has 2.1% invested in the company for 175,864 shares. The New York-based Pzena Investment Management Llc has invested 1.83% in the stock. First Wilshire Securities Management Inc, a California-based fund reported 70,816 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 4 sales for $5.81 million net activity.

Axis Capital Holdings Limited (NYSE:AXS) Ratings Coverage

Ratings analysis reveals 14% of Axis Capital Holdings Limited’s analysts are positive. Out of 7 Wall Street analysts rating Axis Capital Holdings Limited, 1 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $54 while the high is $61. The stock’s average target of $57 is -6.88% below today’s ($61.21) share price. AXS was included in 10 notes of analysts from July 30, 2015. The company was initiated on Tuesday, November 22 by Citigroup. Citigroup maintained the shares of AXS in a report on Thursday, February 4 with “Neutral” rating. The company was downgraded on Tuesday, February 16 by UBS. On Friday, August 14 the stock rating was reinitiated by Morgan Stanley with “Equal-Weight”. The company was upgraded on Thursday, July 30 by Janney Capital. The stock of Axis Capital Holdings Limited (NYSE:AXS) earned “Mkt Perform” rating by JMP Securities on Tuesday, January 19. The rating was downgraded by Janney Capital to “Neutral” on Thursday, May 26. The stock of Axis Capital Holdings Limited (NYSE:AXS) earned “Sell” rating by Goldman Sachs on Tuesday, November 15.

AXS Company Profile

AXIS Capital Holdings Limited, incorporated on December 9, 2002, is a holding firm for the AXIS group of companies. The Firm provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. The Firm operates in two divisions: AXIS Insurance and AXIS Re. The Firm also has marketing offices in Brazil, France and Spain.

More important recent Axis Capital Holdings Limited (NYSE:AXS) news were published by: Streetinsider.com which released: “Axis Capital (AXS) to Acquire Aviabel” on November 28, 2016, also Zacks.com published article titled: “AXIS Capital to Acquire Aviabel, Boost Presence in Aviation”, Insurancejournal.com published: “AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M” on July 06, 2016. More interesting news about Axis Capital Holdings Limited (NYSE:AXS) was released by: Businesswire.com and their article: “John Tatum Joins AXIS Insurance as Executive Vice President & Head of U.S …” with publication date: July 28, 2016.

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By Clifton Ray

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