Fox Run Management L.L.C. Acquires New Position in AXIS Capital Holdings Limited (NYSE:AXS)

Fox Run Management L.L.C. acquired a new stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,207 shares of the insurance provider's stock, valued at approximately $816,000.

A number of other large investors have also recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in shares of AXIS Capital by 1.7% in the 4th quarter. American Century Companies Inc. now owns 3,178,512 shares of the insurance provider's stock worth $281,680,000 after purchasing an additional 53,514 shares during the last quarter. State Street Corp lifted its stake in AXIS Capital by 7.2% in the third quarter. State Street Corp now owns 1,675,417 shares of the insurance provider's stock valued at $134,110,000 after buying an additional 112,536 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of AXIS Capital by 1.6% during the fourth quarter. Jennison Associates LLC now owns 1,650,965 shares of the insurance provider's stock valued at $146,309,000 after acquiring an additional 25,908 shares during the period. Geode Capital Management LLC grew its position in shares of AXIS Capital by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,267,338 shares of the insurance provider's stock worth $100,921,000 after acquiring an additional 43,687 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of AXIS Capital in the 4th quarter worth about $88,175,000. Institutional investors own 93.44% of the company's stock.

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AXIS Capital Price Performance

Shares of AXIS Capital stock traded down $0.07 during trading on Friday, hitting $99.57. The stock had a trading volume of 800,856 shares, compared to its average volume of 600,524. The business has a fifty day moving average of $93.00 and a two-hundred day moving average of $87.74. The firm has a market cap of $8.04 billion, a P/E ratio of 8.06, a PEG ratio of 3.96 and a beta of 0.91. AXIS Capital Holdings Limited has a fifty-two week low of $60.45 and a fifty-two week high of $101.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings data 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 net margin of 18.16% and a return on equity of 18.89%. On average, sell-side analysts expect that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $0.44 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.76 annualized dividend and a yield of 1.77%. AXIS Capital's dividend payout ratio (DPR) is 14.25%.

Insider Buying and Selling at AXIS Capital

In related news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total value of $199,999,959.50. Following the transaction, the director now directly owns 2,404,133 shares in the company, valued at $224,786,435.50. The trade was a 47.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AXS. Wells Fargo & Company decreased their target price on shares of AXIS Capital from $89.00 to $85.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. JMP Securities reissued a "market perform" rating on shares of AXIS Capital in a report on Monday, February 3rd. BMO Capital Markets started coverage on AXIS Capital in a research note on Monday, January 13th. They set a "market perform" rating and a $93.00 target price on the stock. StockNews.com raised AXIS Capital from a "hold" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of AXIS Capital from $118.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, AXIS Capital currently has an average rating of "Moderate Buy" and a consensus target price of $100.50.

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.