Counterpoint Mutual Funds LLC Takes $1.09 Million Position in AXIS Capital Holdings Limited (NYSE:AXS)

Counterpoint Mutual Funds LLC purchased a new stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,259 shares of the insurance provider's stock, valued at approximately $1,086,000.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in shares of AXIS Capital in the 3rd quarter valued at about $40,000. Steward Partners Investment Advisory LLC acquired a new position in AXIS Capital in the 4th quarter valued at approximately $53,000. Versant Capital Management Inc increased its stake in AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock valued at $59,000 after buying an additional 130 shares during the period. EverSource Wealth Advisors LLC lifted its position in AXIS Capital by 73.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock worth $59,000 after buying an additional 285 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of AXIS Capital during the 4th quarter valued at $60,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AXIS Capital news, Director Charles A. Davis sold 2,234,636 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $89.50, for a total value of $199,999,922.00. Following the sale, the director now directly owns 4,543,170 shares in the company, valued at $406,613,715. This trade represents a 32.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

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Analyst Ratings Changes

Several brokerages recently issued reports on AXS. StockNews.com upgraded AXIS Capital from a "hold" rating to a "buy" rating in a report on Tuesday, March 4th. JMP Securities restated a "market perform" rating on shares of AXIS Capital in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their target price on shares of AXIS Capital from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, March 13th. BMO Capital Markets initiated coverage on shares of AXIS Capital in a research note on Monday, January 13th. They set a "market perform" rating and a $93.00 price target on the stock. Finally, 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 note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $100.25.

AXIS Capital Stock Performance

AXIS Capital stock traded down $0.02 on Friday, reaching $95.00. 2,203,213 shares of the stock were exchanged, compared to its average volume of 563,082. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a twelve month low of $60.45 and a twelve month high of $98.11. The firm has a fifty day moving average price of $91.74 and a two-hundred day moving average price of $86.90. The stock has a market cap of $7.67 billion, a PE ratio of 7.69, a PEG ratio of 3.96 and a beta of 0.91.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.

AXIS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. AXIS Capital's 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.