Capital Returns Management LLC Has Decreased Position in Axis Capital Holdings LTD (AXS) by $3.65 Million as Valuation Declined

AXIS Capital Holdings Limited (NYSE:AXS) LogoInvestors sentiment decreased to 0.94 in Q2 2018. Its down 0.08, from 1.02 in 2018Q1. It is negative, as 20 investors sold AXS shares while 97 reduced holdings. 39 funds opened positions while 71 raised stakes. 73.48 million shares or 0.52% less from 73.87 million shares in 2018Q1 were reported. 1.14M are owned by Donald Smith & Com. D E Shaw & Inc has invested 0% in AXIS Capital Holdings Limited (NYSE:AXS). Pnc Fincl Service Group Inc has 4,643 shares. Bluemountain Mgmt Limited Liability Corp has invested 0.07% of its portfolio in AXIS Capital Holdings Limited (NYSE:AXS). Td Asset Mngmt, Ontario – Canada-based fund reported 64,517 shares. Metropolitan Life Insur invested 0% of its portfolio in AXIS Capital Holdings Limited (NYSE:AXS). Huntington Bancshares holds 85 shares or 0% of its portfolio. Price T Rowe Inc Md reported 0.03% in AXIS Capital Holdings Limited (NYSE:AXS). Kbc Group Nv holds 8,419 shares or 0% of its portfolio. Nordea Inv Ab has invested 0.02% in AXIS Capital Holdings Limited (NYSE:AXS). Trexquant Investment LP reported 17,458 shares. Kempner Cap Mngmt Inc holds 89,333 shares or 3.27% of its portfolio. Amundi Pioneer Asset Inc invested in 151,144 shares or 0.01% of the stock. Millennium Management Ltd Liability Company reported 1.51 million shares stake. Qs Investors Limited Liability accumulated 125,777 shares.

Capital Returns Management Llc decreased its stake in Axis Capital Holdings Ltd (AXS) by 14.57% based on its latest 2018Q2 regulatory filing with the SEC. Capital Returns Management Llc sold 66,289 shares as the company’s stock declined 1.97% while stock markets rallied. The hedge fund held 388,711 shares of the property-casualty insurers company at the end of 2018Q2, valued at $21.62 million, down from 455,000 at the end of the previous reported quarter. Capital Returns Management Llc who had been investing in Axis Capital Holdings Ltd for a number of months, seems to be less bullish one the $4.66 billion market cap company. The stock increased 2.90% or $1.57 during the last trading session, reaching $55.76. About 1.07M shares traded or 57.49% up from the average. AXIS Capital Holdings Limited (NYSE:AXS) has declined 6.01% since December 8, 2017 and is downtrending. It has underperformed by 21.63% the S&P500.

Analysts await AXIS Capital Holdings Limited (NYSE:AXS) to report earnings on February, 6. They expect $0.03 EPS, down 87.50 % or $0.21 from last year’s $0.24 per share. AXS’s profit will be $2.51 million for 464.67 P/E if the $0.03 EPS becomes a reality. After $0.96 actual EPS reported by AXIS Capital Holdings Limited for the previous quarter, Wall Street now forecasts -96.88 % negative EPS growth.

More notable recent AXIS Capital Holdings Limited (NYSE:AXS) news were published by: Seekingalpha.com which released: “Axis Capital Holdings’ (AXS) CEO Albert Benchimol on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” on July 26, 2018, also Businesswire.com with their article: “AXIS Capital to Release Third Quarter Financial Results on October 24, 2018 – Business Wire” published on October 04, 2018, Seekingalpha.com published: “AXIS Capital Holdings Limited (AXS) CEO Albert Benchimol on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on October 25, 2018. More interesting news about AXIS Capital Holdings Limited (NYSE:AXS) were released by: Seekingalpha.com and their article: “Axis Capital Holdings (AXS) Presents At Bank Of America Merrill Lynch 2018 Insurance Conference – Slideshow – Seeking Alpha” published on February 16, 2018 as well as Seekingalpha.com‘s news article titled: “Axis On Sale – Seeking Alpha” with publication date: March 16, 2018.

AXIS Capital Holdings Limited (NYSE:AXS) Ratings Coverage

Among 3 analysts covering Axis Capital Holdings (NYSE:AXS), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Axis Capital Holdings had 3 analyst reports since June 18, 2018 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $63 target in Wednesday, November 14 report. Citigroup maintained the shares of AXS in report on Thursday, August 2 with “Neutral” rating.

AXIS Capital Holdings Limited (NYSE:AXS) Ratings Chart

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