Axis Capital Holdings Ltd (AXS) Files Form 4 Insider Selling : Wilhelm Zeller Sells 9,700 Shares

Axis Capital Holdings Ltd (AXS): Wilhelm Zeller , director of Axis Capital Holdings Ltd sold 9,700 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $53.31 per share for a total value of $517,131.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 7, 2016, Richard T Jr Gieryn (EVP, General Counsel & Sec) sold 15,697 shares at $54.93 per share price.On Aug 10, 2015, Wilhelm Zeller (director) sold 1,725 shares at $57.16 per share price.

Axis Capital Holdings Limited: On Wednesday, May 4, 2016 heightened volatility was witnessed in Axis Capital Holdings Limited which led to swings in the share price. The shares opened for trading at $53.57 and hit $54.08 on the upside , eventually ending the session at $53.98, with a gain of 0.19% or 0.1 points. The heightened volatility saw the trading volume jump to 4,16,819 shares. The 52-week high of the share price is $60 and the company has a market cap of $5,016 M . The 52-week low of the share price is at $51.01.

Axis Capital Holdings Limited Money Flow Index Chart

Company has been under the radar of several Street Analysts.Axis Capital Holdings Limited is Downgraded by UBS to Neutral while Lowering the Price Target of the company shares to $ 54 from a previous price target of $59 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 16, 2016.

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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