© Reuters. Pzena Investment Management reduced stake in Axis Capital Holdings Limited
On the 31st of December, Pzena Investment Management sold 168 thousand Axis Capital Holdings Limited (NYSE:) shares for $8.5 million at an average price of $50.39 per share.
Shares of Axis Capital Holdings Limited are down -10.70% since the transaction.
Pzena Investment Management’s holding in Axis Capital Holdings Limited decreased to about 6.6 million shares with the transaction.
Pzena Investment Management first bought Axis Capital Holdings Limited stock in the third quarter of 2009.
Pzena Investment Management also owns American International Group Inc (NYSE:), Equitable Holdings, Inc. (NYSE:), Metlife Inc (NYSE:) and Voya Financial, Inc. (NYSE:).
Axis Capital Holdings Limited is its number three position by number of shares and market value among insurance stocks.
Other investors who also reduced their Axis Capital Holdings Limited shares include Citigroup (NYSE:), Millennium Management, and Wasatch Advisors.
In contrast, Barrow, Hanley, Mewhinney & Strauss, California State Teachers Retirement System, and NWQ Investment Management Co. added to AXS shares, while Hotchkis & Wiley Capital Management, Arrowpoint Asset Management, and Squarepoint Ops introduced AXS shares to their portfolio.
Pzena Investment Management has also recently added to their share in Triple-S Management Corporation (NYSE:).
The total value of the shares bought is estimated at around $1.5 million.
Pzena Investment Management also reduced their share in Hooker Furniture Corporation (NASDAQ:) and JELD-WEN Holding, Inc. (NYSE:).
The total value of the shares sold is estimated at around $92 million.
In addition, Pzena Investment Management added to their share in National Oilwell Varco Inc (NYSE:), Avnet Inc (NASDAQ:), PVH Corp (NYSE:) and Motorcar Parts of America, Inc. (MPAA).
The total value of the shares bought is estimated at around $312 million.
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