Crossmark Global Holdings Inc. Buys Shares of 4,468 Axis Capital Holdings Limited (AXS)

Crossmark Global Holdings Inc. bought a new position in Axis Capital Holdings Limited (NYSE:AXS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,468 shares of the insurance provider’s stock, valued at approximately $256,000.

A number of other hedge funds have also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its position in Axis Capital by 1.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,678,214 shares of the insurance provider’s stock worth $108,514,000 after purchasing an additional 27,465 shares during the last quarter. Northern Trust Corp increased its position in Axis Capital by 1.3% in the 2nd quarter. Northern Trust Corp now owns 1,143,841 shares of the insurance provider’s stock worth $73,960,000 after purchasing an additional 14,526 shares during the last quarter. Janus Henderson Group PLC increased its position in Axis Capital by 5,369.7% in the 2nd quarter. Janus Henderson Group PLC now owns 695,588 shares of the insurance provider’s stock worth $44,976,000 after purchasing an additional 682,871 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Axis Capital by 5.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 564,749 shares of the insurance provider’s stock worth $36,517,000 after purchasing an additional 31,188 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Axis Capital by 6.3% in the 3rd quarter. First Trust Advisors LP now owns 561,960 shares of the insurance provider’s stock worth $32,206,000 after purchasing an additional 33,408 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

AXS has been the topic of several research reports. TheStreet lowered Axis Capital from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised Axis Capital from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Wells Fargo & Company set a $54.00 target price on Axis Capital and gave the stock a “sell” rating in a research report on Thursday, October 26th. Bank of America dropped their target price on Axis Capital from $73.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. Finally, MKM Partners lowered their price objective on Axis Capital from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Axis Capital presently has an average rating of “Hold” and a consensus target price of $61.45.

Shares of Axis Capital Holdings Limited (AXS) traded down $1.17 during midday trading on Friday, hitting $52.39. The stock had a trading volume of 2,450,000 shares, compared to its average volume of 549,126. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21. Axis Capital Holdings Limited has a fifty-two week low of $51.20 and a fifty-two week high of $71.06.

Axis Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($5.35) EPS 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 analyst estimates 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 period in the prior year, the company posted $1.78 EPS. research analysts expect that Axis Capital Holdings Limited will post -2.2 earnings per share for the current year.

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Axis Capital Company 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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