SEC Form SC 13G/A filed by Axis Capital Holdings Limited (Amendment)

2/14/23 12:40:52 PM ET

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SC 13G/A 1 axs13gadec22.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) AXIS CAPITAL HOLDINGS LTD (Name of Issuer) COMMON STOCK (Title of Class of Securities) G0692U109 (CUSIP NUMBER) December 31, 2022 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. Rowe Price Investment Management, Inc. 85-4328500 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 3,772,205 6. Shared Voting Power* 0 7. Sole Dispositive Power* 10,193,257 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 10,193,257 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 12.0% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: AXIS CAPITAL HOLDINGS LTD Item 1(b) Address of Issuer's Principal Executive Offices: 92 PITTS BAY ROAD, PEMBROKE, BERMUDA HM 08 Item 2(a) Name of Person(s) Filing: (1) T. Rowe Price Investment Management, Inc. (Price Investment Management) Item 2(b) Address of Principal Business Office: 101 E. Pratt Street, Baltimore, MD 21201 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: G0692U109 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class Not Applicable Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Investment Management does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Investment Management serves as investment adviser. Any and all discretionary authority which has been delegated to Price Investment Management may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Investment Management which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Investment Management. (2) With respect to securities owned by any one of the T. Rowe Price Funds, only the custodian for each of such Funds, has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. No other person is known to have such right, except that the shareholders of each such Fund participate proportionately in any dividends and distributions so paid. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. Rowe Price Investment Management, Inc. Date: February 14, 2023 Signature: /s/ Mary Ann Picciotto Name & Title: Mary Ann Picciotto, Vice President 12/31/2022

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Date	Price Target	Rating	Analyst
1/13/2025	$93.00	Market Perform	BMO Capital Markets
12/11/2024	$78.00 → $89.00	Underweight → Equal Weight	Wells Fargo
10/4/2024	$118.00	Buy	TD Cowen
11/13/2023	$59.00 → $66.00	Mkt Perform → Outperform	Keefe Bruyette
9/15/2023	$53.00 → $68.00	Underperform → Buy	BofA Securities
9/8/2023	$51.00	Sell	Goldman
12/19/2022	$63.00 → $60.00	Outperform → Mkt Perform	Keefe Bruyette
12/16/2022	$55.00	Equal Weight → Underweight	Wells Fargo

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SEC Form SC 13G/A filed by Axis Capital Holdings Limited (Amendment)

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AXIS Capital Declares Quarterly Dividends

Mental Health Awareness Month: AXIS/Harris Poll Survey Finds Nearly 9 in 10 (88%) Insurance Employees Acknowledge Widespread Stress and Anxiety in the Industry

AXIS Capital Reports First Quarter Net Income Available to Common Shareholders of $187 Million, or $2.26 Per Diluted Common Share and Operating Income of $261 Million, or $3.17 Per Diluted Common Share

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Galanski Stanley A bought $142,860 worth of shares (2,000 units at $71.43), increasing direct ownership by 20% to 11,763 units (SEC Form 4)

Millegan Michael bought $100,086 worth of shares (1,400 units at $71.49), increasing direct ownership by 18% to 9,016 units (SEC Form 4)

Becker W Marston bought $201,404 worth of shares (3,025 units at $66.58), increasing direct ownership by 16% to 21,821 units (SEC Form 4)

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Axis Capital Holdings Limited filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

Axis Capital Holdings Limited filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form DEFA14A filed by Axis Capital Holdings Limited

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President and CEO Tizzio Vincent C covered exercise/tax liability with 2,591 shares, decreasing direct ownership by 2% to 111,877 units (SEC Form 4)

Director Davis Charles A sold $199,999,960 worth of shares (2,139,037 units at $93.50) (SEC Form 4)

Chief Investment Officer Phillips David S. covered exercise/tax liability with 14,436 shares, decreasing direct ownership by 14% to 89,615 units (SEC Form 4)

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Amendment: SEC Form SC 13G/A filed by Axis Capital Holdings Limited