The stock of Axis Capital Holdings Limited (NYSE:AXS) reached all time high today, Nov, 10 and still has $85.59 target or 41.00% above today’s $60.70 share price. This indicates more upside for the $5.46B company. This technical setup was reported by Barchart.com. If the $85.59 PT is reached, the company will be worth $2.24B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 432,900 shares traded hands. Axis Capital Holdings Limited (NYSE:AXS) has risen 10.78% since April 8, 2016 and is uptrending. It has outperformed by 5.13% the S&P500.
Axis Capital Holdings Limited (NYSE:AXS) Ratings Coverage
Out of 6 analysts covering Axis Capital Holdings Limited (NYSE:AXS), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Axis Capital Holdings Limited has been the topic of 8 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Thursday, February 4. The rating was reinitiated by Morgan Stanley on Friday, August 14 with “Equal-Weight”. The rating was downgraded by Janney Capital to “Neutral” on Thursday, May 26. The stock of Axis Capital Holdings Limited (NYSE:AXS) has “Buy” rating given on Thursday, July 30 by Janney Capital. The rating was downgraded by JMP Securities to “Mkt Perform” on Tuesday, January 19. The firm has “Neutral” rating by UBS given on Tuesday, February 16.
According to Zacks Investment Research, “AXIS Capital Holdings Limited is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance.”
Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.03, from 0.95 in 2016Q1. The ratio is negative, as 21 funds sold all Axis Capital Holdings Limited shares owned while 99 reduced positions. 18 funds bought stakes while 92 increased positions. They now own 80.06 million shares or 0.74% more from 79.47 million shares in 2016Q1.
Moreover, Sumitomo Mitsui Asset Mgmt Com has 0.01% invested in Axis Capital Holdings Limited (NYSE:AXS) for 6,532 shares. State Of Alaska Department Of Revenue holds 0.06% or 9,694 shares in its portfolio. Aqr Mgmt Limited Liability, a Connecticut-based fund reported 2.05M shares. Oppenheimer reported 52,950 shares or 0.09% of all its holdings. Panagora Asset Management last reported 88,031 shares in the company. Franklin Resources, a California-based fund reported 1.05 million shares. The North Carolina-based First Personal Financial Ser has invested 0% in Axis Capital Holdings Limited (NYSE:AXS). The Maryland-based Proshare Advsr Ltd Llc has invested 0.01% in Axis Capital Holdings Limited (NYSE:AXS). Hudock Gru Limited Liability Company owns 1,307 shares or 0.04% of their US portfolio. Benedict Advsr Inc has 0.39% invested in the company for 12,224 shares. Moreover, Numeric Invsts Ltd Liability Corporation has 0.73% invested in Axis Capital Holdings Limited (NYSE:AXS) for 1.49 million shares. Andra Ap accumulated 0.3% or 212,500 shares. Blackrock Advsr Ltd Company has 0.02% invested in the company for 396,979 shares. Credit Agricole S A reported 15,754 shares or 0% of all its holdings. Checchi Cap Advisers Lc last reported 2,602 shares in the company.
Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 4 insider sales for $6.59 million net activity. 14,967 Axis Capital Holdings Limited (NYSE:AXS) shares with value of $813,784 were sold by Gieryn Richard T JR. On Friday, September 2 the insider BUTT MICHAEL A sold $2.87M.
More notable recent Axis Capital Holdings Limited (NYSE:AXS) news were published by: Reuters.com which released: “Fitch Rates AXIS Capital Holdings Ltd.’s Depositary Shares Issuance ‘BBB'” on November 01, 2016, also Insurancejournal.com with their article: “AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M” published on July 06, 2016, Businesswire.com published: “John Tatum Joins AXIS Insurance as Executive Vice President & Head of U.S …” on July 28, 2016. More interesting news about Axis Capital Holdings Limited (NYSE:AXS) were released by: Businesswire.com and their article: “A.M. Best Affirms Credit Ratings of AXIS Specialty Limited and AXIS Capital …” published on November 03, 2016 as well as Nasdaq.com‘s news article titled: “Axis Capital Holdings Limited (AXS) Ex-Dividend Date Scheduled for September …” with publication date: September 28, 2016.
AXS Company Profile
AXIS Capital Holdings Limited, incorporated on December 9, 2002, is a holding firm for the AXIS group of companies. The Firm provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. The Firm operates in two divisions: AXIS Insurance and AXIS Re. The Firm also has marketing offices in Brazil, France and Spain.
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