Axis Capital Holdings Ltd (NYSE: AXS) is 37.64% higher on its value in year-to-date trading and has touched a low of $52.90 and a high of $78.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AXS stock was last observed hovering at around $75.71 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $76.21, the stock is 3.29% and 5.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.51 million and changing 0.66% at the moment leaves the stock 19.52% off its SMA200. AXS registered 40.89% gain for a year compared to 6-month gain of 22.86%.
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The stock witnessed a 6.17% loss in the last 1 month and extending the period to 3 months gives it a 5.29%, and is 1.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.28% over the week and 1.90% over the month.
Axis Capital Holdings Ltd (AXS) has around 2048 employees, a market worth around $6.42B and $5.80B in sales. Current P/E ratio is 10.50 and Fwd P/E is 6.73. Profit margin for the company is 10.74%. Distance from 52-week low is 44.06% and -3.21% from its 52-week high. The company has generated returns on investments over the last 12 months (8.68%).
The EPS is expected to grow by 89.27% this year
440.0 institutions hold shares in Axis Capital Holdings Ltd (AXS), with institutional investors hold 95.96% of the company’s shares. The shares outstanding are 85.29M, and float is at 76.73M with Short Float at 1.64%. Institutions hold 95.47% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.66 million shares valued at $611.73 million. The investor’s holdings represent 10.2011 of the AXS Shares outstanding. As of 2024-06-30, the second largest holder is STONE POINT CAPITAL LLC with 6.78 million shares valued at $478.85 million to account for 7.9853 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 4.37 million shares representing 5.1498 and valued at over $308.82 million, while DIMENSIONAL FUND ADVISORS LP holds 4.8011 of the shares totaling 4.08 million with a market value of $287.91 million.
Axis Capital Holdings Ltd (AXS) Insider Activity
The most recent transaction is an insider sale by SMITH HENRY B, the company’s Director. SEC filings show that SMITH HENRY B sold 7,217 shares of the company’s common stock on Jun 03 ’24 at a price of $72.90 per share for a total of $0.53 million. Following the sale, the insider now owns 48019.0 shares.
Axis Capital Holdings Ltd disclosed in a document filed with the SEC on May 28 ’24 that GALANSKI STANLEY A (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $71.43 per share for $0.14 million. Following the transaction, the insider now directly holds 11763.0 shares of the AXS stock.
Still, SEC filings show that on May 21 ’24, Millegan Michael (Director) acquired 1,400 shares at an average price of $71.49 for $0.1 million. The insider now directly holds 9,016 shares of Axis Capital Holdings Ltd (AXS).
