In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Axis Capital Holdings Ltd. (NYSE:AXS) reported that Vulcan Value Partners, Llc. has picked up 7,943,531 of common stock as of 2017-02-14.
The acquisition brings the aggregate amount owned by Vulcan Value Partners, Llc. to a total of 7,943,531 representing a .98% stake in the company.
For those not familiar with the company, AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re. Its insurance segment operates through offices in Bermuda, the United States, Canada, Europe, Australia and Singapore and offers specialty insurance products to various markets. Its insurance segment’s offerings include property, marine, terrorism, aviation, professional lines, liability and accident and health. Its reinsurance segment operates through offices in Bermuda, the United States, Switzerland, Singapore, Brazil, and Canada. The reinsurance segment provides non-life reinsurance to insurance companies. Its reinsurance segment’s offering include catastrophe; property; professional lines; credit and surety; motor; liability; engineering, and agriculture.
A glance at Axis Capital Holdings Ltd. (NYSE:AXS)’s key stats reveals a current market capitalization of 5.99 billion based on 88.44 million shares outstanding and a price at last close of $67.45 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-09-05, Gressier picked up 176,000 at a purchase price of $42.47. This brings their total holding to 375,375 as of the date of the filing.
On the sell side, the most recent transaction saw Butt unload 34,026 shares at a sale price of $65.85. This brings their total holding to 956,956.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Axis Capital Holdings Ltd. (NYSE:AXS) as things move forward to see if its progress aligns with these transactions.
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