Algert Global LLC Raises Stake in AXIS Capital Holdings Limited (NYSE:AXS)

Algert Global LLC boosted its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 12.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 87,011 shares of the insurance provider's stock after acquiring an additional 9,693 shares during the period. Algert Global LLC owned 0.10% of AXIS Capital worth $6,927,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its holdings in shares of AXIS Capital by 8,717.0% in the second quarter. Victory Capital Management Inc. now owns 1,361,250 shares of the insurance provider's stock valued at $96,172,000 after purchasing an additional 1,345,811 shares during the last quarter. Janus Henderson Group PLC lifted its position in AXIS Capital by 30.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider's stock worth $150,928,000 after buying an additional 545,546 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of AXIS Capital by 24.4% during the 3rd quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider's stock worth $129,371,000 after buying an additional 318,784 shares during the last quarter. Levin Capital Strategies L.P. acquired a new stake in shares of AXIS Capital in the first quarter valued at about $17,065,000. Finally, Millennium Management LLC raised its holdings in AXIS Capital by 1,644.8% during the second quarter. Millennium Management LLC now owns 240,754 shares of the insurance provider's stock worth $17,009,000 after acquiring an additional 226,956 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

AXS has been the subject of several research reports. Roth Mkm raised their price target on AXIS Capital from $75.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Wells Fargo & Company boosted their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the stock an "underweight" rating in a research report on Thursday, October 10th. UBS Group increased their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Bank of America boosted their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group increased their price target on AXIS Capital from $88.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $95.86.

AXIS Capital Stock Up 0.7 %

NYSE:AXS traded up $0.64 during trading hours on Friday, reaching $88.75. The company had a trading volume of 459,928 shares, compared to its average volume of 479,954. AXIS Capital Holdings Limited has a twelve month low of $53.49 and a twelve month high of $89.31. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 0.30 and a beta of 0.90. The business's 50-day simple moving average is $81.47 and its two-hundred day simple moving average is $75.91.

AXIS Capital (NYSE:AXS - Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.16. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. During the same period in the previous year, the company posted $2.34 EPS. On average, equities analysts expect that AXIS Capital Holdings Limited will post 10.89 earnings per share for the current year.

AXIS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were issued a dividend of $0.44 per share. The ex-dividend date was Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 1.98%. AXIS Capital's payout ratio is 24.41%.

About AXIS Capital

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.