ExodusPoint Capital Management LP Acquires Shares of 46,012 AXIS Capital Holdings Limited (NYSE:AXS)

ExodusPoint Capital Management LP acquired a new stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 46,012 shares of the insurance provider's stock, valued at approximately $4,078,000. ExodusPoint Capital Management LP owned 0.06% of AXIS Capital as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new position in shares of AXIS Capital during the 4th quarter valued at $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 worth $59,000 after acquiring an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 285 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of AXIS Capital in the 4th quarter valued at about $60,000. Finally, Assetmark Inc. purchased a new position in shares of AXIS Capital during the fourth quarter worth about $70,000. 93.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Charles A. Davis sold 2,139,037 shares of the business's 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 transaction, the director now owns 2,404,133 shares in the company, valued at $224,786,435.50. The trade was a 47.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company's stock.

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AXIS Capital Trading Up 1.6 %

Shares of AXIS Capital stock traded up $1.45 on Friday, hitting $92.86. The stock had a trading volume of 501,019 shares, compared to its average volume of 605,791. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a one year low of $60.45 and a one year high of $101.42. The stock's 50-day simple moving average is $93.96 and its two-hundred day simple moving average is $89.07. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 3.96 and a beta of 0.67.

AXIS Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. As a group, sell-side analysts predict that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.

AXIS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.90%. AXIS Capital's dividend payout ratio is currently 14.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of AXIS Capital from $120.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of AXIS Capital from $97.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday. Jefferies Financial Group increased their target price on AXIS Capital from $116.00 to $119.00 and gave the company a "buy" rating in a research note on Friday. JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research note on Monday, February 3rd. Finally, StockNews.com lowered AXIS Capital from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $106.75.

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.