20,765 Shares in AXIS Capital Holdings Limited (NYSE:AXS) Purchased by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC acquired a new stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,765 shares of the insurance provider's stock, valued at approximately $1,840,000. AXIS Capital makes up approximately 1.6% of Elevate Capital Advisors LLC's investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AXS. True Wealth Design LLC acquired a new stake in shares of AXIS Capital in the 3rd quarter worth $40,000. Versant Capital Management Inc raised its stake in AXIS Capital by 24.0% in the fourth 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 last quarter. R Squared Ltd acquired a new stake in AXIS Capital in the fourth quarter worth about $82,000. Blue Trust Inc. grew its stake in shares of AXIS Capital by 424.6% during the third quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider's stock worth $97,000 after acquiring an additional 985 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of AXIS Capital during the third quarter valued at about $99,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity at AXIS Capital

In related news, Director Charles A. Davis sold 2,234,636 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $89.50, for a total value of $199,999,922.00. Following the completion of the transaction, the director now owns 4,543,170 shares of the company's stock, valued at approximately $406,613,715. This represents a 32.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

AXS has been the topic of several research analyst reports. BMO Capital Markets started coverage on shares of AXIS Capital in a research report on Monday, January 13th. They set a "market perform" rating and a $93.00 target price on the stock. JMP Securities reissued a "market perform" rating on shares of AXIS Capital in a research report on Monday, February 3rd. Wells Fargo & Company reduced their target price on 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. Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded AXIS Capital from a "hold" rating to a "buy" rating in a research note on Monday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $99.88.

AXIS Capital Stock Performance

Shares of NYSE AXS traded up $1.71 during trading on Thursday, reaching $91.21. 556,355 shares of the company traded hands, compared to its average volume of 686,640. AXIS Capital Holdings Limited has a 12-month low of $59.79 and a 12-month high of $94.89. 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 $7.63 billion, a P/E ratio of 7.39, a PEG ratio of 4.01 and a beta of 0.95. The firm's fifty day simple moving average is $89.88 and its 200 day simple moving average is $83.64.

AXIS Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share 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%. As a group, research analysts anticipate that AXIS Capital Holdings Limited will post 11.36 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Tuesday, December 31st. AXIS Capital's dividend payout ratio (DPR) is presently 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.