Pallas Capital Advisors LLC Has $610,000 Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Pallas Capital Advisors LLC raised its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 58.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,281 shares of the insurance provider’s stock after acquiring an additional 3,049 shares during the period. Pallas Capital Advisors LLC’s holdings in AXIS Capital were worth $610,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in AXIS Capital by 55.6% in the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 165 shares during the period. GAMMA Investing LLC lifted its position in AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 226 shares in the last quarter. Covestor Ltd lifted its position in shares of AXIS Capital by 45.9% during the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after buying an additional 185 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of AXIS Capital during the 4th quarter worth approximately $55,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of AXIS Capital by 14.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,833 shares of the insurance provider’s stock worth $101,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

In other AXIS Capital news, Director Stanley A. Galanski purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $71.43 per share, for a total transaction of $142,860.00. Following the purchase, the director now directly owns 11,763 shares of the company’s stock, valued at approximately $840,231.09. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AXS. Keefe, Bruyette & Woods lifted their price objective on shares of AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Roth Mkm raised their price target on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. UBS Group raised their price target on shares of AXIS Capital from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. StockNews.com raised shares of AXIS Capital from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Bank of America lifted their price objective on shares of AXIS Capital from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $76.29.

AXIS Capital Trading Up 0.4 %

Shares of AXS stock traded up $0.31 during mid-day trading on Wednesday, reaching $74.86. The stock had a trading volume of 64,945 shares, compared to its average volume of 591,429. The stock’s 50-day moving average price is $71.86 and its two-hundred day moving average price is $67.37. AXIS Capital Holdings Limited has a 52-week low of $52.90 and a 52-week high of $78.74. The firm has a market capitalization of $6.34 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.27 and a beta of 0.90. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.52 by $0.41. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.49 billion. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. AXIS Capital’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.23 earnings per share. Equities analysts expect that AXIS Capital Holdings Limited will post 10.35 earnings per share for the current fiscal year.

AXIS Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.