The Axis Capital Holdings Ltd. (AXS) Shares Bought by Nomura Asset Management Co. Ltd.

The Axis Capital Holdings Ltd. (AXS) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in shares of Axis Capital Holdings Ltd. (NYSE:AXS) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,244 shares of the company’s stock after buying an additional 500 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Axis Capital Holdings were worth $2,567,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AXS. Ameriprise Financial Inc. increased its position in Axis Capital Holdings by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 17,301 shares of the company’s stock valued at $953,000 after buying an additional 419 shares during the last quarter. Scout Investments Inc. increased its position in Axis Capital Holdings by 3.6% in the second quarter. Scout Investments Inc. now owns 424,641 shares of the company’s stock valued at $23,355,000 after buying an additional 14,879 shares during the last quarter. SG Americas Securities LLC increased its position in Axis Capital Holdings by 71.3% in the second quarter. SG Americas Securities LLC now owns 156,172 shares of the company’s stock valued at $8,589,000 after buying an additional 65,026 shares during the last quarter. General American Investors Co. Inc. acquired a new position in Axis Capital Holdings during the second quarter valued at about $10,313,000. Finally, Chicago Equity Partners LLC increased its position in Axis Capital Holdings by 11.2% in the second quarter. Chicago Equity Partners LLC now owns 6,070 shares of the company’s stock valued at $334,000 after buying an additional 610 shares during the last quarter. 88.05% of the stock is owned by hedge funds and other institutional investors.

Axis Capital Holdings Ltd. (NYSE:AXS) traded down 0.87% during midday trading on Thursday, reaching $64.86. 334,990 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $64.49 and a 200 day moving average price of $58.29. Axis Capital Holdings Ltd. has a 12-month low of $51.01 and a 12-month high of $66.23. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 12.97 and a beta of 0.51.

Axis Capital Holdings (NYSE:AXS) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.73. The firm earned $595.43 million during the quarter, compared to analyst estimates of $710.69 million. Axis Capital Holdings had a net margin of 12.81% and a return on equity of 8.62%. The business’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. On average, analysts expect that Axis Capital Holdings Ltd. will post $4.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change from Axis Capital Holdings’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, December 28th. Axis Capital Holdings’s payout ratio is presently 30.10%.

Several equities research analysts have recently weighed in on AXS shares. Wells Fargo & Co. cut shares of Axis Capital Holdings from a “market perform” rating to an “underperform” rating in a research report on Monday, January 9th. Macquarie cut shares of Axis Capital Holdings from a “neutral” rating to an “underperform” rating and set a $55.00 price objective for the company. in a research report on Tuesday. Zacks Investment Research upgraded shares of Axis Capital Holdings from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, January 3rd. Goldman Sachs Group Inc. cut shares of Axis Capital Holdings from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 15th. Finally, Citigroup Inc. started coverage on shares of Axis Capital Holdings in a research report on Tuesday, November 22nd. They set a “sell” rating and a $55.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. Axis Capital Holdings has an average rating of “Hold” and an average target price of $60.40.

In other news, Director Michael A. Butt sold 158,946 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $65.38, for a total value of $10,391,889.48. Following the completion of the sale, the director now directly owns 999,982 shares in the company, valued at approximately $65,378,823.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

About Axis Capital Holdings

AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re.

Want to see what other hedge funds are holding AXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axis Capital Holdings Ltd. (NYSE:AXS).

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