AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 523,487 shares of the insurance provider's stock after selling 37,630 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.63% of AXIS Capital worth $46,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXS. Steward Partners Investment Advisory LLC acquired a new position in shares of AXIS Capital in the 4th quarter valued at about $53,000. Versant Capital Management Inc lifted its holdings in AXIS Capital by 24.0% in the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock valued at $59,000 after acquiring an additional 130 shares during the period. EverSource Wealth Advisors LLC boosted its position in AXIS Capital by 73.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock worth $59,000 after purchasing an additional 285 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of AXIS Capital during the 4th quarter worth approximately $60,000. Finally, Assetmark Inc. purchased a new position in shares of AXIS Capital during the 4th quarter valued at approximately $70,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total value of $199,999,959.50. Following the transaction, the director now directly owns 2,404,133 shares of the company's stock, valued at $224,786,435.50. This trade represents a 47.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

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AXIS Capital Price Performance

NYSE:AXS traded down $8.28 during trading hours on Friday, hitting $90.68. 1,113,671 shares of the stock were exchanged, compared to its average volume of 602,616. The company has a market cap of $7.33 billion, a P/E ratio of 7.34, a P/E/G ratio of 3.96 and a beta of 0.67. The firm's fifty day moving average price is $93.96 and its 200 day moving average price is $88.61. AXIS Capital Holdings Limited has a 52-week low of $60.45 and a 52-week high of $101.42. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, March 31st. AXIS Capital's dividend payout ratio is currently 14.25%.

Analyst Upgrades and Downgrades

AXS has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of AXIS Capital from $118.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, March 28th. StockNews.com cut AXIS Capital from a "buy" rating to a "hold" rating in a research report on Friday. BMO Capital Markets assumed coverage on AXIS Capital in a report on Monday, January 13th. They issued a "market perform" rating and a $93.00 price target for the company. Wells Fargo & Company reduced their price target on AXIS Capital from $89.00 to $85.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Finally, JMP Securities reissued a "market perform" rating on shares of AXIS Capital in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.50.

AXIS Capital Company Profile

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.