Great Lakes Advisors LLC trimmed its holdings in Axis Capital Holdings Limited (NYSE:AXS) by 26.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,799 shares of the insurance provider’s stock after selling 37,196 shares during the period. Great Lakes Advisors LLC owned 0.12% of Axis Capital worth $6,132,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Commonwealth Bank of Australia boosted its stake in Axis Capital by 3.5% in the 1st quarter. Commonwealth Bank of Australia now owns 20,881 shares of the insurance provider’s stock worth $1,139,000 after buying an additional 700 shares during the last quarter. Oakbrook Investments LLC purchased a new position in shares of Axis Capital in the 2nd quarter worth about $203,000. First Trust Advisors LP raised its holdings in shares of Axis Capital by 25.2% in the 1st quarter. First Trust Advisors LP now owns 704,168 shares of the insurance provider’s stock worth $38,574,000 after purchasing an additional 141,827 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Axis Capital in the 2nd quarter worth about $35,066,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Axis Capital by 102.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 478,633 shares of the insurance provider’s stock worth $26,221,000 after purchasing an additional 242,258 shares during the period. 91.72% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on AXS. UBS Group upgraded Axis Capital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $59.00 to $67.00 in a report on Thursday, May 23rd. TheStreet upgraded Axis Capital from a “c” rating to a “b-” rating in a report on Wednesday, April 24th. Buckingham Research upgraded Axis Capital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $70.00 in a report on Friday, July 19th. Morgan Stanley set a $62.00 price objective on Axis Capital and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, ValuEngine upgraded Axis Capital from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $64.00.

Shares of NYSE:AXS traded down $0.27 during mid-day trading on Thursday, hitting $64.87. 3,945 shares of the company traded hands, compared to its average volume of 475,336. The firm has a market cap of $5.49 billion, a P/E ratio of 33.82, a PEG ratio of 1.52 and a beta of 0.34. 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 52-week low of $48.27 and a 52-week high of $65.92. The firm’s 50 day simple moving average is $62.13 and its 200 day simple moving average is $58.65.

Axis Capital (NYSE:AXS) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.28 by $0.34. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Axis Capital had a return on equity of 4.56% and a net margin of 2.97%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.27 EPS. Equities research analysts expect that Axis Capital Holdings Limited will post 5.06 EPS for the current fiscal year.

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

Featured Article: What is the Russell 2000 Index?

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 Limited (NYSE:AXS).

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

Receive News & Ratings for Axis Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axis Capital and related companies with MarketBeat.com's FREE daily email newsletter.