Large Outflow of Money Witnessed in Axis Capital Holdings Limited

Axis Capital Holdings Limited (AXS) : Net money flow in Axis Capital Holdings Limited (AXS) was negative ($1.16 million) and the inflow of money on uptick was $0.83 million, whereas, the outflow of money on downticks amounted to $1.99 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.42. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $1.33 million. The money flow in block trades was negative ($1.33). Axis Capital Holdings Limited (AXS) gained $0.48 cent during the day and reached $53.44, a gain of 0.91% over the previous day.


Axis Capital Holdings Limited (AXS) : The consensus price target for Axis Capital Holdings Limited (AXS) is $58.4 for the short term with a standard deviation of $4.1. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $54.

Axis Capital Holdings Limited (NYSE:AXS): stock turned positive on Friday. Though the stock opened at $53.12, the bulls momentum made the stock top out at $53.56 level for the day. The stock recorded a low of $53.03 and closed the trading day at $53.56, in the green by 1.13%. The total traded volume for the day was 462,537. The stock had closed at $52.96 in the previous days trading.

In a related news, The officer (EVP, General Counsel & Sec), of Axis Capital Holdings Ltd, Gieryn Richard T Jr had unloaded 14,967 shares at $54.37 per share in a transaction on May 20, 2016. The total value of transaction was $813,756. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

AXIS Capital Holdings Limited is a Bermuda-based holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through operating subsidiaries and branch networks -based in Bermuda, the United States, Canada, Europe, Australia and Singapore. The Company operates in to segments: AXIS Insurance and AXIS Re. The Company also has marketing offices in Brazil, France and Spain. The lines of business in insurance segment include property, marine, terrorism, aviation, credit and political risk, professional lines, liability and accident and health. The reinsurance segment provides non-life reinsurance to insurance companies. The lines of business in insurance segment include catastrophe; property; professional lines; credit and surety; motor; liability; engineering; agriculture, among others.

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