Cambiar Investors LLC Sells 3,050 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Cambiar Investors LLC trimmed its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 7.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,621 shares of the insurance provider's stock after selling 3,050 shares during the period. Cambiar Investors LLC's holdings in AXIS Capital were worth $3,157,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of AXIS Capital by 7.2% during the 3rd quarter. State Street Corp now owns 1,675,417 shares of the insurance provider's stock worth $134,110,000 after acquiring an additional 112,536 shares during the period. Jennison Associates LLC lifted its holdings in shares of AXIS Capital by 1.6% during the 4th quarter. Jennison Associates LLC now owns 1,650,965 shares of the insurance provider's stock worth $146,309,000 after acquiring an additional 25,908 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of AXIS Capital by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 1,394,491 shares of the insurance provider's stock worth $111,015,000 after acquiring an additional 33,241 shares during the period. Geode Capital Management LLC lifted its holdings in shares of AXIS Capital by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,267,338 shares of the insurance provider's stock worth $100,921,000 after acquiring an additional 43,687 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of AXIS Capital by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,183,385 shares of the insurance provider's stock worth $94,209,000 after purchasing an additional 9,181 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Insider Transactions at AXIS Capital

In other news, Director Charles A. Davis sold 2,234,636 shares of AXIS Capital stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $89.50, for a total transaction of $199,999,922.00. Following the completion of the sale, the director now owns 4,543,170 shares in the company, valued at $406,613,715. The trade was a 32.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AXS. StockNews.com upgraded shares of AXIS Capital from a "hold" rating to a "buy" rating in a research report on Monday. Wells Fargo & Company dropped their target price on shares of 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. UBS Group increased their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. JMP Securities reiterated a "market perform" rating on shares of AXIS Capital in a research report on Monday, February 3rd. Finally, BMO Capital Markets began 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 for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, AXIS Capital presently has an average rating of "Moderate Buy" and an average price target of $99.88.

AXIS Capital Price Performance

AXS traded down $1.26 during midday trading on Friday, hitting $89.99. The company had a trading volume of 621,598 shares, compared to its average volume of 684,470. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $7.53 billion, a PE ratio of 7.29, a P/E/G ratio of 4.01 and a beta of 0.95. AXIS Capital Holdings Limited has a twelve month low of $60.06 and a twelve month high of $94.89. The firm's 50-day simple moving average is $89.76 and its 200-day simple moving average is $83.81.

AXIS Capital (NYSE:AXS - Get Free Report) last issued its quarterly 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%. Equities research analysts predict that AXIS Capital Holdings Limited will post 11.36 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Tuesday, December 31st. AXIS Capital's dividend payout ratio is 14.25%.

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.