Johnson Investment Counsel Inc. Sells 22,541 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Johnson Investment Counsel Inc. trimmed its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,413,374 shares of the insurance provider’s stock after selling 22,541 shares during the period. AXIS Capital accounts for approximately 1.1% of Johnson Investment Counsel Inc.’s portfolio, making the stock its 22nd largest holding. Johnson Investment Counsel Inc.’s holdings in AXIS Capital were worth $99,855,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Levin Capital Strategies L.P. grew its holdings in AXIS Capital by 2.5% during the second quarter. Levin Capital Strategies L.P. now owns 269,119 shares of the insurance provider’s stock valued at $19,013,000 after purchasing an additional 6,665 shares during the period. LSV Asset Management grew its holdings in AXIS Capital by 11.5% during the second quarter. LSV Asset Management now owns 693,060 shares of the insurance provider’s stock valued at $48,965,000 after purchasing an additional 71,460 shares during the period. Savant Capital LLC grew its holdings in AXIS Capital by 26.6% during the second quarter. Savant Capital LLC now owns 45,550 shares of the insurance provider’s stock valued at $3,218,000 after purchasing an additional 9,581 shares during the period. Foundry Partners LLC boosted its holdings in shares of AXIS Capital by 5.3% in the second quarter. Foundry Partners LLC now owns 90,353 shares of the insurance provider’s stock worth $6,383,000 after acquiring an additional 4,550 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of AXIS Capital by 0.9% in the second quarter. Arizona State Retirement System now owns 22,459 shares of the insurance provider’s stock worth $1,587,000 after acquiring an additional 204 shares during the period. 93.44% of the stock is owned by institutional investors.

AXIS Capital Trading Down 1.2 %

Shares of AXS stock opened at $75.55 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.62. AXIS Capital Holdings Limited has a 52-week low of $52.90 and a 52-week high of $80.50. The company has a market capitalization of $6.40 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.26 and a beta of 0.89. The business’s fifty day moving average is $74.05 and its 200 day moving average is $69.18.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.41. AXIS Capital had a return on equity of 19.70% and a net margin of 11.28%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted $2.23 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that AXIS Capital Holdings Limited will post 10.71 EPS for the current fiscal year.

Analyst Ratings Changes

AXS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on AXIS Capital from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Bank of America raised their price target on AXIS Capital from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. UBS Group raised their price target on AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Wells Fargo & Company raised their price target on AXIS Capital from $63.00 to $74.00 and gave the stock an “underweight” rating in a report on Monday, August 12th. Finally, Roth Mkm raised their price target on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, AXIS Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

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.