Alliancebernstein L.P. reduced its position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 13.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 825,349 shares of the insurance provider's stock after selling 125,309 shares during the quarter. Alliancebernstein L.P. owned approximately 0.99% of AXIS Capital worth $73,142,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in AXS. Meeder Asset Management Inc. boosted its holdings in shares of AXIS Capital by 719.8% during the fourth quarter. Meeder Asset Management Inc. now owns 19,569 shares of the insurance provider's stock worth $1,734,000 after purchasing an additional 17,182 shares during the period. California Public Employees Retirement System raised its position in AXIS Capital by 1.7% during the 4th quarter. California Public Employees Retirement System now owns 357,074 shares of the insurance provider's stock valued at $31,644,000 after purchasing an additional 6,017 shares during the last quarter. Schroder Investment Management Group lifted its holdings in AXIS Capital by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 329,532 shares of the insurance provider's stock worth $29,108,000 after buying an additional 13,018 shares during the period. Intrust Bank NA grew its position in shares of AXIS Capital by 4.9% in the 4th quarter. Intrust Bank NA now owns 5,872 shares of the insurance provider's stock worth $520,000 after buying an additional 276 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of AXIS Capital by 10.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,406 shares of the insurance provider's stock valued at $1,011,000 after buying an additional 1,056 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.
AXIS Capital Stock Up 5.1 %
Shares of AXS stock traded up $4.45 during trading hours on Tuesday, hitting $91.68. 141,384 shares of the company's stock traded hands, compared to its average volume of 752,425. 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 stock has a market cap of $7.41 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 3.96 and a beta of 0.67. The stock's fifty day simple moving average is $93.89 and its two-hundred day simple moving average is $88.67. AXIS Capital Holdings Limited has a 12-month low of $60.44 and a 12-month high of $101.42.
AXIS Capital (NYSE:AXS - Get Free Report) last released its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 EPS for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. On average, analysts expect that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.
AXIS Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.92%. The ex-dividend date is Monday, March 31st. AXIS Capital's dividend payout ratio (DPR) is 14.25%.
Insider Buying and Selling at AXIS Capital
In other AXIS Capital news, Director Charles A. Davis sold 2,234,636 shares of AXIS Capital stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $89.50, for a total value of $199,999,922.00. Following the completion of the sale, the director now owns 4,543,170 shares of the company's stock, valued at approximately $406,613,715. This trade represents a 32.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by company insiders.
Analyst Ratings Changes
Several analysts recently weighed in on AXS shares. BMO Capital Markets initiated coverage on shares of AXIS Capital in a report on Monday, January 13th. They issued a "market perform" rating and a $93.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of AXIS Capital from $89.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. JMP Securities restated a "market perform" rating on shares of AXIS Capital in a report on Monday, February 3rd. StockNews.com downgraded AXIS Capital from a "buy" rating to a "hold" rating in a report on Friday. Finally, Keefe, Bruyette & Woods raised their target price on AXIS Capital from $118.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, March 28th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $100.50.
Check Out Our Latest Analysis on AXS
AXIS Capital Company Profile
(
Free Report)
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.
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