Forum Financial Management LP Invests $254,000 in AXIS Capital Holdings Limited (NYSE:AXS)

Forum Financial Management LP purchased a new stake in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,870 shares of the insurance provider's stock, valued at approximately $254,000.

Several other institutional investors have also recently bought and sold shares of AXS. Steward Partners Investment Advisory LLC purchased a new stake in AXIS Capital in the 4th quarter valued at about $53,000. Versant Capital Management Inc lifted its holdings in AXIS Capital by 24.0% during the fourth 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 period. EverSource Wealth Advisors LLC boosted its position in AXIS Capital by 73.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock worth $59,000 after purchasing an additional 285 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in AXIS Capital in the 4th quarter valued at $60,000. Finally, Assetmark Inc. purchased a new stake in shares of AXIS Capital during the 4th quarter valued at $70,000. Institutional investors and hedge funds own 93.44% of the company's stock.

AXIS Capital Price Performance

NYSE AXS traded down $0.76 on Friday, hitting $94.88. The stock had a trading volume of 593,511 shares, compared to its average volume of 602,616. The firm has a 50-day moving average of $94.61 and a 200-day moving average of $90.03. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 3.96 and a beta of 0.67. 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 Holdings Limited has a 52-week low of $60.64 and a 52-week high of $101.42.

AXIS Capital (NYSE:AXS - Get Free Report) last released 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%. Equities analysts expect 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 was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, March 31st. AXIS Capital's dividend payout ratio is currently 14.25%.

Insider Buying and Selling

In other news, Director Charles A. Davis sold 2,234,636 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 4,543,170 shares in the company, valued at approximately $406,613,715. The trade was a 32.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of AXIS Capital from $97.00 to $100.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. BMO Capital Markets assumed coverage on shares of AXIS Capital in a report on Monday, January 13th. They issued a "market perform" rating and a $93.00 price target on the stock. StockNews.com raised AXIS Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. JMP Securities reiterated a "market perform" rating on shares of AXIS Capital in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on AXIS Capital from $120.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, AXIS Capital presently has an average rating of "Moderate Buy" and an average price target of $106.75.

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.