Edgestream Partners L.P. Takes $2.04 Million Position in AXIS Capital Holdings Limited (NYSE:AXS)

Edgestream Partners L.P. acquired a new position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,675 shares of the insurance provider's stock, valued at approximately $2,044,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in AXIS Capital by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider's stock valued at $287,909,000 after purchasing an additional 152,914 shares during the last quarter. AQR Capital Management LLC grew its holdings in AXIS Capital by 9.0% in the second quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider's stock valued at $182,538,000 after purchasing an additional 213,559 shares during the last quarter. Jennison Associates LLC grew its holdings in AXIS Capital by 24.4% in the third quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider's stock valued at $129,371,000 after purchasing an additional 318,784 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in AXIS Capital by 12.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,417,464 shares of the insurance provider's stock valued at $100,144,000 after purchasing an additional 157,110 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of AXIS Capital by 2.4% in the third quarter. Victory Capital Management Inc. now owns 1,394,491 shares of the insurance provider's stock valued at $111,015,000 after acquiring an additional 33,241 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AXS. Bank of America upped their price objective on AXIS Capital from $81.00 to $96.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. TD Cowen upped their price objective on AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. UBS Group upped their price objective on AXIS Capital from $92.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Jefferies Financial Group upped their price objective on AXIS Capital from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price objective on AXIS Capital from $94.00 to $96.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $97.14.

AXIS Capital Trading Down 0.4 %

NYSE AXS traded down $0.36 during trading hours on Tuesday, hitting $93.55. 502,601 shares of the company's stock were exchanged, compared to its average volume of 467,814. The business's 50 day moving average is $83.44 and its 200-day moving average is $77.01. AXIS Capital Holdings Limited has a 12-month low of $53.49 and a 12-month high of $94.42. The firm has a market capitalization of $7.83 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60.

AXIS Capital (NYSE:AXS - Get Free Report) last released 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. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. During the same period last year, the business posted $2.34 EPS. As a group, analysts anticipate that AXIS Capital Holdings Limited will post 10.83 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.88%. AXIS Capital's dividend payout ratio (DPR) is 24.41%.

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.