Axis Capital Holdings Limited $AXS Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 22.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,000 shares of the insurance provider’s stock after selling 19,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Axis Capital were worth $6,490,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of Axis Capital by 30.9% in the fourth quarter. AQR Capital Management LLC now owns 4,592,270 shares of the insurance provider’s stock valued at $491,786,000 after buying an additional 1,083,579 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Axis Capital by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,682,238 shares of the insurance provider’s stock worth $373,412,000 after acquiring an additional 299,573 shares in the last quarter. State Street Corp lifted its holdings in Axis Capital by 1.0% in the second quarter. State Street Corp now owns 1,631,198 shares of the insurance provider’s stock valued at $170,069,000 after acquiring an additional 15,755 shares during the period. Geode Capital Management LLC lifted its holdings in Axis Capital by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,387,004 shares of the insurance provider’s stock valued at $148,565,000 after acquiring an additional 10,246 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Axis Capital by 41.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,370,479 shares of the insurance provider’s stock worth $146,765,000 after purchasing an additional 400,068 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Axis Capital Stock Down 11.1%

Shares of NYSE AXS opened at $106.03 on Thursday. Axis Capital Holdings Limited has a 12-month low of $88.07 and a 12-month high of $119.99. The company has a market capitalization of $7.82 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 3.48 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50-day moving average is $106.02 and its two-hundred day moving average is $103.16.

Axis Capital (NYSE:AXS) last issued its quarterly earnings data on Monday, July 27th. The insurance provider reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). Axis Capital had a return on equity of 17.10% and a net margin of 16.23%.The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the business earned $3.29 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts anticipate that Axis Capital Holdings Limited will post 13.23 EPS for the current fiscal year.

Axis Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, June 30th. Axis Capital’s dividend payout ratio is 13.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Capital One Financial set a $108.00 price target on shares of Axis Capital in a research note on Wednesday. Mizuho boosted their price objective on shares of Axis Capital from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Wells Fargo & Company upped their target price on shares of Axis Capital from $119.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of Axis Capital from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Finally, Bank of America reduced their price target on shares of Axis Capital from $115.00 to $106.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Axis Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.08.

More Axis Capital News

Here are the key news stories impacting Axis Capital this week:

• Positive Sentiment: Net income available to common shareholders rose 16% year over year to $251 million, or $3.38 per diluted share. Gross premiums written increased 6% to $2.7 billion, led by 15% growth in insurance premiums. Book value per diluted share also increased 14.7% year over year to $80.67. AXIS Capital second-quarter results
• Positive Sentiment: Management signaled expectations for approximately $17 million in full-year ACS fee income and indicated that share repurchases should continue during the second half of 2026, potentially supporting per-share value. AXIS ACS fee income and buybacks
• Neutral Sentiment: AXIS appointed Rahil Jogani to a newly created role overseeing technology and artificial-intelligence strategy. The move may improve operational efficiency over time, but its near-term financial effect is unclear. AXIS appoints technology and AI strategy head
• Negative Sentiment: Operating income was $211 million, or $2.84 per share, below analyst expectations of roughly $3.23–$3.25. The consolidated combined ratio deteriorated to 93.1% from 85.3% a year earlier, while catastrophe and weather-related losses reached $80 million, or 5.3 loss-ratio points. Weaker underwriting, lower investment income and the earnings miss outweighed the reported net-income growth. AXIS Capital second-quarter earnings miss

Insiders Place Their Bets

In other Axis Capital news, Director Henry B. Smith sold 2,542 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $98.69, for a total transaction of $250,869.98. Following the completion of the transaction, the director owned 46,347 shares of the company’s stock, valued at approximately $4,573,985.43. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

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.