Baird Financial Group Inc. Has $2.32 Million Holdings in Axis Capital Holdings Limited (AXS)

Baird Financial Group Inc. boosted its holdings in Axis Capital Holdings Limited (NYSE:AXS) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,426 shares of the insurance provider’s stock after purchasing an additional 2,511 shares during the quarter. Baird Financial Group Inc.’s holdings in Axis Capital were worth $2,316,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AXS. Valeo Financial Advisors LLC increased its holdings in Axis Capital by 179.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,900 shares of the insurance provider’s stock valued at $106,000 after buying an additional 1,220 shares during the period. Advisors Asset Management Inc. increased its holdings in Axis Capital by 1,144.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 20,925 shares of the insurance provider’s stock valued at $172,000 after buying an additional 19,243 shares during the period. Point72 Hong Kong Ltd bought a new position in Axis Capital in the 2nd quarter valued at about $230,000. Oakbrook Investments LLC bought a new position in Axis Capital in the 3rd quarter valued at about $233,000. Finally, Tower Research Capital LLC TRC increased its holdings in Axis Capital by 365.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,104 shares of the insurance provider’s stock valued at $340,000 after buying an additional 4,792 shares during the period. Institutional investors and hedge funds own 89.64% of the company’s stock.

Several equities analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Axis Capital from $65.00 to $63.00 and set a “hold” rating on the stock in a report on Wednesday, November 14th. Wells Fargo & Co reissued a “hold” rating and issued a $60.00 target price on shares of Axis Capital in a report on Thursday, November 8th. Citigroup set a $60.00 price target on shares of Axis Capital and gave the company a “hold” rating in a report on Thursday, November 8th. TheStreet raised shares of Axis Capital from a “c” rating to a “b-” rating in a report on Thursday, October 25th. Finally, Zacks Investment Research lowered shares of Axis Capital from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $59.43.

Shares of Axis Capital stock opened at $55.76 on Monday. The company has a market cap of $4.66 billion, a P/E ratio of -17.70, a P/E/G ratio of 1.76 and a beta of 0.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.56. Axis Capital Holdings Limited has a 1 year low of $47.43 and a 1 year high of $60.69.

Axis Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.27. The company had revenue of $919.94 million for the quarter, compared to analyst estimates of $987.27 million. Axis Capital had a net margin of 3.91% and a return on equity of 8.02%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($5.35) EPS. Equities research analysts forecast that Axis Capital Holdings Limited will post 3.72 EPS for the current year.

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Axis Capital Profile

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 for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.

Further Reading: What are Institutional Investors?

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Institutional Ownership by Quarter for Axis Capital (NYSE:AXS)

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