AXIS Capital Holdings Limited (NYSE:AXS) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC raised its stake in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 53.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,974 shares of the insurance provider's stock after acquiring an additional 17,460 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of AXIS Capital worth $4,429,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. boosted its holdings in AXIS Capital by 48.6% during the third quarter. Franklin Resources Inc. now owns 371,557 shares of the insurance provider's stock worth $30,070,000 after buying an additional 121,437 shares in the last quarter. HighTower Advisors LLC acquired a new position in AXIS Capital in the 3rd quarter worth about $638,000. Verition Fund Management LLC acquired a new stake in AXIS Capital in the third quarter valued at approximately $453,000. Geode Capital Management LLC increased its position in shares of AXIS Capital by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,267,338 shares of the insurance provider's stock valued at $100,921,000 after buying an additional 43,687 shares in the last quarter. Finally, Summit Trail Advisors LLC acquired a new position in shares of AXIS Capital during the 4th quarter worth approximately $300,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

AXIS Capital Trading Up 0.9 %

AXIS Capital stock traded up $0.88 during midday trading on Wednesday, hitting $99.51. 1,202,168 shares of the stock were exchanged, compared to its average volume of 568,622. 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 capitalization of $8.04 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 3.96 and a beta of 0.91. The stock's 50-day simple moving average is $92.39 and its 200 day simple moving average is $87.42. AXIS Capital Holdings Limited has a fifty-two week low of $60.45 and a fifty-two week high of $100.49.

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AXIS Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings results 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 net margin of 18.16% and a return on equity of 18.89%. On average, equities analysts anticipate that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.

AXIS Capital Dividend Announcement

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 issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Monday, March 31st. AXIS Capital's dividend payout ratio is presently 14.25%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company reduced their price objective 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. BMO Capital Markets began coverage on AXIS Capital in a report on Monday, January 13th. They issued a "market perform" rating and a $93.00 price objective on the stock. StockNews.com raised AXIS Capital from a "hold" rating to a "buy" rating in a research note on Tuesday, March 4th. TD Cowen increased their price objective on AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $100.25.

Insider Buying and Selling

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of the stock in a transaction dated 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 transaction, the director now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company's stock.

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.