Dynamic Technology Lab Private Ltd Decreases Position in AXIS Capital Holdings Limited (NYSE:AXS)

Dynamic Technology Lab Private Ltd cut its stake in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 72.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,139 shares of the insurance provider's stock after selling 10,810 shares during the period. Dynamic Technology Lab Private Ltd's holdings in AXIS Capital were worth $330,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new stake in shares of AXIS Capital during the third quarter worth $507,000. Jennison Associates LLC raised its position in shares of AXIS Capital by 24.4% in the 3rd quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider's stock worth $129,371,000 after acquiring an additional 318,784 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of AXIS Capital by 71.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,265 shares of the insurance provider's stock valued at $1,374,000 after purchasing an additional 7,205 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of AXIS Capital by 8.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 300,726 shares of the insurance provider's stock valued at $23,941,000 after purchasing an additional 23,377 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in AXIS Capital by 32.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 37,887 shares of the insurance provider's stock worth $2,875,000 after purchasing an additional 9,380 shares during the period. Institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

AXS has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on AXIS Capital from $74.00 to $78.00 and gave the stock an "underweight" rating in a report on Thursday, October 10th. Jefferies Financial Group increased their target price on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price target on shares of AXIS Capital from $94.00 to $96.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Bank of America increased their price objective on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, TD Cowen raised their target price on AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.14.

AXIS Capital Stock Down 0.9 %

Shares of NYSE:AXS traded down $0.81 during midday trading on Friday, hitting $93.04. 511,710 shares of the company's stock were exchanged, compared to its average volume of 464,119. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. AXIS Capital Holdings Limited has a 12 month low of $53.49 and a 12 month high of $94.39. The company has a market cap of $7.78 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.31 and a beta of 0.90. The stock has a 50 day moving average price of $82.84 and a 200-day moving average price of $76.64.

AXIS Capital (NYSE:AXS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.16. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the company posted $2.34 EPS. On average, sell-side analysts anticipate that AXIS Capital Holdings Limited will post 10.89 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital's dividend payout ratio (DPR) is presently 24.41%.

AXIS Capital Company 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.