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Could Axis Capital Holders Limited (NYSE:AXS) See a Reversal After Less Sellers Came In?

December 7, 2017 - By Jacob Falcon

 Could Axis Capital Holders Limited (NYSE:AXS) See a Reversal After Less Sellers Came In?

Investors sentiment is 0.85 in Q2 2017. Its the same as in 2017Q1. It is without change, as 18 investors sold AXIS Capital Holdings Limited shares while 106 reduced holdings. only 31 funds opened positions while 74 raised stakes. 70.20 million shares or 3.84% less from 73.00 million shares in 2017Q1 were reported.
Shell Asset Mngmt Co, a Netherlands-based fund reported 98,796 shares. Daiwa Secs Gp Incorporated holds 0% of its portfolio in AXIS Capital Holdings Limited (NYSE:AXS) for 2,550 shares. First Allied Advisory Service holds 4,371 shares or 0.01% of its portfolio. Bessemer Gru Inc accumulated 31,824 shares or 0.01% of the stock. Aberdeen Asset Pcl Uk holds 22,069 shares. 16,800 were reported by Art Ltd Liability Corporation. 27 are held by Wfg L P. Alliancebernstein Limited Partnership holds 0% or 93,506 shares in its portfolio. Paloma Ptnrs Mngmt has invested 0.01% of its portfolio in AXIS Capital Holdings Limited (NYSE:AXS). International Grp Inc invested 0% in AXIS Capital Holdings Limited (NYSE:AXS). Bnp Paribas Arbitrage Sa owns 0% invested in AXIS Capital Holdings Limited (NYSE:AXS) for 15,593 shares. Citigroup owns 14,477 shares. Dekabank Deutsche Girozentrale accumulated 66,957 shares. Rbf Cap Limited Liability has 0.04% invested in AXIS Capital Holdings Limited (NYSE:AXS). Schroder Investment Mngmt Gru reported 0% of its portfolio in AXIS Capital Holdings Limited (NYSE:AXS).

The stock of Axis Capital Holders Limited (NYSE:AXS) registered a decrease of 30.93% in short interest. AXS’s total short interest was 1.07M shares in December as published by FINRA. Its down 30.93% from 1.55 million shares, reported previously. With 805,400 shares average volume, it will take short sellers 1 days to cover their AXS’s short positions.

The stock decreased 0.92% or $0.46 during the last trading session, reaching $49.8. About 1.10M shares traded or 34.63% up from the average. AXIS Capital Holdings Limited (NYSE:AXS) has risen 17.55% since December 7, 2016 and is uptrending. It has outperformed by 0.85% the S&P500.

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. The company has market cap of $4.14 billion. It operates through two divisions, Insurance and Reinsurance. It currently has negative earnings. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.

AXIS Capital Holdings Limited (NYSE:AXS) Ratings Coverage

Among 13 analysts covering Axis Capital Holdings Limited (NYSE:AXS), 3 have Buy rating, 4 Sell and 6 Hold. Therefore 23% are positive. Axis Capital Holdings Limited had 34 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of AXIS Capital Holdings Limited (NYSE:AXS) has “Hold” rating given on Monday, September 18 by Keefe Bruyette & Woods. The stock has “Sell” rating by UBS on Tuesday, September 19. Citigroup upgraded the shares of AXS in report on Tuesday, September 12 to “Neutral” rating. On Monday, October 2 the stock rating was maintained by UBS with “Sell”. The rating was maintained by Citigroup on Thursday, February 4 with “Neutral”. The firm earned “Equal-Weight” rating on Tuesday, October 31 by Morgan Stanley. As per Monday, October 2, the company rating was maintained by Citigroup. The stock of AXIS Capital Holdings Limited (NYSE:AXS) earned “Sell” rating by Wells Fargo on Wednesday, July 5. The firm has “Sell” rating by UBS given on Monday, January 9. M Partners maintained it with “Buy” rating and $70 target in Wednesday, October 18 report.

More notable recent AXIS Capital Holdings Limited (NYSE:AXS) news were published by: Businessinsurance.com which released: “2017 Women to Watch: Tracy Harrington Cloud” on December 04, 2017, also Prnewswire.com with their article: “Pre-Market Technical Recap on Insurance Stocks — AXIS Capital, MBIA, Old …” published on November 08, 2017, Businesswire.com published: “AXIS Capital Launches Offering of Senior Notes” on November 27, 2017. More interesting news about AXIS Capital Holdings Limited (NYSE:AXS) were released by: Businesswire.com and their article: “AXIS Capital Prices Offering of $350.0 Million of 4.000% Senior Notes Due 2027” published on November 29, 2017 as well as Nasdaq.com‘s news article titled: “AXIS Capital Holdings (AXS) Passes Through 3% Yield Mark” with publication date: December 05, 2017.

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