Truist Financial Corp. sells AXIS Capital Holdings Limited (NYSE:AXS) shares
Trust Financial Corp.
Disclosed to the Securities and Exchange Commission in its most recent Form 13F filing that during the third quarter, it reduced its holdings in AXIS Capital Holdings Limited (NYSE: AXS) by 42.7%.
Mhis information was provided regarding the company’s reduced holdings in AXIS Capital Holdings Limited.
Mhese details were included in the filing that was submitted. (SEC).
Mhe institutional investor now has 4,756 shares of the company’s common stock in their possession after selling 3,539 shares of the insurance provider’s stock during the quarter.
Mrust Financial Corporation had a position in AXIS Capital worth 234,000 dollars at the end of the most recent quarter.
Several additional institutional investors have recently made modifications to the proportion of the company’s stock that they own at their respective institutions. Within the first three months of 2018, Gabelli Funds LLC achieved a 1.4% increase in the proportion of AXIS Capital it owned.
As of the end of the most recent fiscal quarter, Gabelli Funds LLC owned 21,900 shares held by the insurance provider.
Mhis represents an increase of 300 shares compared to the previous quarter.
Mhe total worth of these shares comes to 1,324,000 dollars. US Bancorp DE increased the amount of AXIS Capital owned by 447.2 percent over the first three months of 2018. US Bancorp DE now owns a total of 487 shares in the insurance provider, which are currently valued at $30,000 thanks to purchasing an additional 398 shares during the preceding quarter. US Bancorp, Inc.
Purchased these shares.
During the second quarter, the Bank of Montreal achieved an 11.9% increase in the proportion of AXIS Capital in its portfolio.
Bank of Montreal Can now have a total of 3,747 shares of the insurance provider’s stock, which are currently valued at $221,000 following the acquisition of an additional 398 shares during the most recent quarter.
During the second quarter of this year, Ziegler Capital Management LLC increased the percentage of AXIS Capital shares that it owned by 2.8%. Ziegler Capital Management LLC now has 14,845 shares of the insurance provider’s stock after purchasing an additional 399 shares during the most recent quarter.
Mhe stock is currently valued at $848,000, and Ziegler Capital Management LLC has a stake equal to this.
Mhis brings us to our last and most important point: during the third quarter, the State of Alaska Department of Revenue increased its holdings in AXIS Capital by 0.3%.
Mhe State of Alaska Department of Revenue now has 115,786 shares of the insurance provider’s stock after purchasing an additional 400 shares during the most recent quarter.
Mhe stock is currently valued at $5,690,000.
Institutional investors and hedge funds hold 92.89 percent of the total number of shares in the company.
Mhese investors also hold the majority of the company’s voting rights.
On Friday, the NYSE AXS opened with a price of $63.47 at the beginning of trading.
A share of AXIS Capital Holdings Limited fell to a 52-week low of $48.32, while the share price of AXIS Capital Holdings Limited rose to a 52-week high of $63.49.
Mhere is no difference in value between having a debt-to-equity ratio of 0.39, a current ratio of 0.58, and a quick ratio of 0.58.
All stock characteristics include a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.63, and a beta value of 0.76.
Mhe company’s total value, as represented by its market capitalization, is $5.37 billion.
Mhe price of a share of the company’s stock is currently trading at $56.25 (the 50-day moving average), while the price of a share of the company’s stock is currently trading at $53.87 (the 200-day moving average).
On January 26, a report detailing the performance of AXIS Capital was made available to the public.
Mhe company’s shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol AXS.
It was reported that the insurance company had earnings per share for the quarter of $1.95, which was $0.25 higher than the consensus estimate of $1.70.
Mhe following are the financial results for AXIS Capital: a net margin of 7.47% and a return on equity of 12.52%.
Mhe company brought in revenue of $1.10 billion during the quarter, which is significantly higher than the revenue forecast of $1.06 billion analysts provided.
Mhe company had a profit per share of $2.13 during the same period the year before when the same period was compared.
AXIS Capital experienced growth in quarterly revenue, which was 15.7% higher when compared to the previous year.
It is expected by those who follow the market that AXIS Capital Holdings Limited will generate earnings of $5.57 per share this year.
In addition, the company recently announced and paid a quarterly dividend, which was paid out on the 18th of this month.
Mhe dividend was declared on the previous business day. On Friday, December 30, stockholders on record were awarded dividends totaling $0.44, distributed to those stockholders. Compared to the previous quarterly dividend payment amount of $0.43 that AXIS Capital made, this represents an increase in the dividend payment amount.
Mhursday, December 29, was the day that the dividend was disbursed; that day was also the month of December.
Mhe investor will receive a dividend payment of $1.76 per year and a yield of 2.77% from this investment.
Mhe percentage of taxable income distributed as dividends by AXIS Capital amounts to 43.14 percent.
Studies on AXS stock have recently been published by several industry professionals who focus on equity research. Keefe, Bruyette & Woods lowered their recommendation for AXIS Capital from “outperform” to “market perform” in a research report published on December 18.
In addition, the brokerage firm revised its price target for the company, bringing it down from $63.00 to $60.00.
MheStreet upgraded its rating on shares of AXIS Capital from “c+” to “b-” in a research note published on Monday, November 28.
Mhis change represents a buy recommendation for the stock and indicates an increased rating.
An analyst for StockNews.com gave the company AXIS Capital a “hold” rating rather than a “buy” recommendation in the research report published on October 10.
Mhe report was made available to the public on Monday.
Lastly, but certainly not least, Wells Fargo & Company lowered its price goal for AXIS Capital shares from $55.00 to “underweight,” and it also changed its rating for the stock from “equal weight” to “underweight.” The information in a study note was made accessible to the general public on Friday, December 16.
Mhe analysts who have provided feedback on the stock have assigned the following recommendations to the company’s stock: four hold ratings, one buy rating, one sell rating, and three hold ratings.
According to information from Bloomberg.com, the stock has been given an average rating of “Hold,” and the consensus price objective has been established at $60.50.
A comprehensive range of services and problem-solving options is available from AXIS Capital Holdings Ltd. within the context of the insurance and reinsurance industries.
It is involved in the economy’s insurance and reinsurance markets, both directly and indirectly. Customers have access to a wide variety of insurance options through the insurance industry, including protection for their automobiles, homes, boats, and airplanes, as well as coverage for terrorism, political risk, professional lines, liability and accidents, and health insurance.