AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 69.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,129 shares of the insurance provider's stock after selling 9,586 shares during the quarter. Amalgamated Bank's holdings in AXIS Capital were worth $329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of AXIS Capital by 55.6% in the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider's stock worth $33,000 after buying an additional 165 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider's stock valued at $36,000 after acquiring an additional 226 shares during the last quarter. Covestor Ltd increased its holdings in AXIS Capital by 45.9% during the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 185 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of AXIS Capital by 32.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider's stock worth $43,000 after acquiring an additional 148 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of AXIS Capital by 424.6% during the 3rd quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider's stock worth $97,000 after acquiring an additional 985 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

AXIS Capital Stock Performance

Shares of AXS traded down $0.51 during trading hours on Monday, reaching $86.22. 337,251 shares of the company traded hands, compared to its average volume of 572,007. The stock has a market capitalization of $7.21 billion, a P/E ratio of 12.03, a P/E/G ratio of 0.29 and a beta of 0.90. The business has a fifty day moving average price of $80.42 and a 200-day moving average price of $75.21. AXIS Capital Holdings Limited has a 12-month low of $53.49 and a 12-month high of $86.92. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27.

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

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.04%. AXIS Capital's dividend payout ratio is currently 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.