3,353 Shares in AXIS Capital Holdings Limited (NYSE:AXS) Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC bought a new position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,353 shares of the insurance provider's stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXS. The Manufacturers Life Insurance Company grew its stake in AXIS Capital by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,224 shares of the insurance provider's stock worth $1,076,000 after purchasing an additional 621 shares in the last quarter. Truist Financial Corp grew its stake in AXIS Capital by 19.9% during the 2nd quarter. Truist Financial Corp now owns 9,773 shares of the insurance provider's stock worth $690,000 after purchasing an additional 1,620 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of AXIS Capital during the 2nd quarter worth about $1,653,000. GAMMA Investing LLC boosted its position in shares of AXIS Capital by 158.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,308 shares of the insurance provider's stock worth $104,000 after acquiring an additional 801 shares in the last quarter. Finally, CWM LLC boosted its position in shares of AXIS Capital by 92.1% during the 3rd quarter. CWM LLC now owns 21,403 shares of the insurance provider's stock worth $1,704,000 after acquiring an additional 10,261 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com cut AXIS Capital from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Wells Fargo & Company lowered 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. TD Cowen upped their price objective on AXIS Capital from $118.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods upped their price objective on AXIS Capital from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, UBS Group upped their price objective on AXIS Capital from $92.00 to $98.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, AXIS Capital presently has a consensus rating of "Moderate Buy" and an average target price of $99.88.

Insider Buying and Selling at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,234,636 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was 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 directly owns 4,543,170 shares of the company's stock, valued at $406,613,715. This represents a 32.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

AXIS Capital Stock Performance

Shares of AXIS Capital stock traded down $0.76 on Friday, hitting $93.43. The stock had a trading volume of 801,582 shares, compared to its average volume of 696,762. The company's 50 day moving average price is $90.05 and its 200 day moving average price is $83.18. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 4.01 and a beta of 0.95. AXIS Capital Holdings Limited has a 52-week low of $57.99 and a 52-week high of $94.89.

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%. On average, research analysts anticipate that AXIS Capital Holdings Limited will post 11.36 EPS for the current year.

AXIS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.88%. The ex-dividend date was Tuesday, December 31st. AXIS Capital's dividend payout ratio is presently 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.