AXIS Capital Holdings Limited (NYSE:AXS) Stock Holdings Lowered by First Eagle Investment Management LLC

First Eagle Investment Management LLC trimmed its stake in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 188,849 shares of the insurance provider's stock after selling 18,900 shares during the quarter. First Eagle Investment Management LLC owned about 0.23% of AXIS Capital worth $16,736,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Versor Investments LP acquired a new position in AXIS Capital during the third quarter valued at approximately $247,000. Entropy Technologies LP acquired a new position in AXIS Capital during the third quarter valued at approximately $507,000. CIBC Asset Management Inc acquired a new position in AXIS Capital during the third quarter valued at approximately $212,000. Pathstone Holdings LLC lifted its position in AXIS Capital by 0.4% during the third quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider's stock valued at $2,542,000 after buying an additional 127 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in AXIS Capital during the third quarter valued at approximately $190,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

AXIS Capital Stock Down 0.8 %

AXS traded down $0.73 during trading on Tuesday, hitting $94.87. The company had a trading volume of 600,913 shares, compared to its average volume of 555,273. The company has a market cap of $7.66 billion, a PE ratio of 7.68, a P/E/G ratio of 3.96 and a beta of 0.91. The business has a 50-day moving average of $91.32 and a 200-day moving average of $86.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. AXIS Capital Holdings Limited has a 1-year low of $60.45 and a 1-year high of $98.11.

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AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. As a group, analysts forecast that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.76 annualized dividend and a yield of 1.86%. AXIS Capital's payout ratio is 14.25%.

Insider Buying and Selling at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the completion of the sale, the director now owns 2,404,133 shares in the company, valued at $224,786,435.50. The trade was a 47.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AXS shares. BMO Capital Markets started coverage on shares of AXIS Capital in a research report on Monday, January 13th. They set a "market perform" rating and a $93.00 target price on the stock. Wells Fargo & Company reduced their target price 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. Keefe, Bruyette & Woods boosted their target price on shares of AXIS Capital from $115.00 to $118.00 and gave the stock an "outperform" rating in a research report on Thursday, March 13th. TD Cowen boosted their target price on shares of AXIS Capital from $118.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, StockNews.com raised shares of AXIS Capital from a "hold" rating to a "buy" rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.25.

AXIS Capital 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.