Forum Financial Management LP Acquires New Shares in AXIS Capital Holdings Limited (NYSE:AXS)

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

A number of other large investors also recently added to or reduced their stakes in AXS. Versant Capital Management Inc raised its holdings in shares of AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock valued at $59,000 after acquiring an additional 130 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in AXIS Capital by 7.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,931 shares of the insurance provider's stock worth $171,000 after purchasing an additional 134 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of AXIS Capital by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,799 shares of the insurance provider's stock worth $248,000 after purchasing an additional 137 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of AXIS Capital by 21.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the insurance provider's stock valued at $80,000 after purchasing an additional 160 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of AXIS Capital by 28.5% during the fourth quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider's stock valued at $74,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Transactions at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,234,636 shares of the firm's stock in a transaction that occurred on 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 sale, the director now directly owns 4,543,170 shares of the company's stock, valued at approximately $406,613,715. This trade represents a 32.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.

AXIS Capital Stock Down 0.8 %

AXS stock traded down $0.76 on Friday, hitting $94.88. 593,511 shares of the company's stock were exchanged, compared to its average volume of 602,616. The firm has a 50 day moving average price of $94.61 and a two-hundred day moving average price of $90.03. 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 12-month low of $60.64 and a 12-month high of $101.42. The stock has a market cap of $7.46 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 3.96 and a beta of 0.67.

AXIS Capital (NYSE:AXS - Get Free Report) last released its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) 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, equities research analysts expect that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal 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 $0.44 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. AXIS Capital's dividend payout ratio (DPR) is presently 14.25%.

Wall Street Analyst Weigh In

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

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.