Boston Partners Has $62.99 Million Position in AXIS Capital Holdings Limited (NYSE:AXS)

Boston Partners lifted its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 710,382 shares of the insurance provider's stock after purchasing an additional 30,448 shares during the period. Boston Partners owned approximately 0.85% of AXIS Capital worth $62,992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AXS. Intech Investment Management LLC lifted its stake in AXIS Capital by 170.4% during the fourth quarter. Intech Investment Management LLC now owns 7,966 shares of the insurance provider's stock valued at $706,000 after buying an additional 5,020 shares in the last quarter. Cozad Asset Management Inc. acquired a new stake in shares of AXIS Capital during the fourth quarter valued at approximately $623,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of AXIS Capital in the 4th quarter valued at approximately $1,086,000. Signaturefd LLC boosted its stake in AXIS Capital by 9.0% in the 4th quarter. Signaturefd LLC now owns 3,269 shares of the insurance provider's stock worth $290,000 after purchasing an additional 269 shares during the period. Finally, Corient Private Wealth LLC grew its position in AXIS Capital by 53.7% during the 4th quarter. Corient Private Wealth LLC now owns 49,974 shares of the insurance provider's stock worth $4,429,000 after purchasing an additional 17,460 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

AXS has been the subject of a number of research analyst reports. TD Cowen increased their target price on AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company decreased their price objective on AXIS Capital from $89.00 to $85.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded AXIS Capital from a "hold" rating to a "buy" rating in a report on Tuesday, March 4th. BMO Capital Markets initiated coverage on shares of AXIS Capital in a report on Monday, January 13th. They set a "market perform" rating and a $93.00 price target for the company. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, AXIS Capital presently has an average rating of "Moderate Buy" and a consensus target price of $100.25.

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Insider Buying and Selling

In related news, Director Charles A. Davis sold 2,139,037 shares of the firm's stock in a transaction 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 in the company, valued at approximately $224,786,435.50. This trade represents a 47.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company's stock.

AXIS Capital Stock Up 3.2 %

AXS stock traded up $3.03 during trading hours on Monday, hitting $98.03. The company's stock had a trading volume of 1,016,968 shares, compared to its average volume of 566,077. The company has a market capitalization of $7.92 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 3.96 and a beta of 0.91. The stock has a 50 day moving average price of $91.93 and a two-hundred day moving average price of $87.12. 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 Holdings Limited has a 12 month low of $60.45 and a 12 month high of $98.26.

AXIS Capital (NYSE:AXS - Get Free Report) last posted 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 net margin of 18.16% and a return on equity of 18.89%. On average, equities research analysts expect that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, March 31st. AXIS Capital's payout ratio is 14.25%.

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.