Hillsdale Investment Management Inc. Invests $851,000 in AXIS Capital Holdings Limited (NYSE:AXS)

Hillsdale Investment Management Inc. acquired a new position 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 SEC. The firm acquired 9,600 shares of the insurance provider's stock, valued at approximately $851,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in shares of AXIS Capital by 10.7% during the fourth quarter. Sei Investments Co. now owns 487,086 shares of the insurance provider's stock worth $43,166,000 after buying an additional 47,119 shares during the period. American Century Companies Inc. boosted its holdings in AXIS Capital by 1.7% during the 4th quarter. American Century Companies Inc. now owns 3,178,512 shares of the insurance provider's stock valued at $281,680,000 after acquiring an additional 53,514 shares during the period. Teacher Retirement System of Texas grew its position in AXIS Capital by 9.9% in the 4th quarter. Teacher Retirement System of Texas now owns 118,169 shares of the insurance provider's stock valued at $10,472,000 after acquiring an additional 10,619 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in AXIS Capital during the fourth quarter worth about $924,000. Finally, Xponance Inc. lifted its position in shares of AXIS Capital by 15.5% during the fourth quarter. Xponance Inc. now owns 3,429 shares of the insurance provider's stock worth $304,000 after purchasing an additional 461 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

AXIS Capital Stock Up 0.0 %

Shares of NYSE:AXS traded up $0.02 during trading on Thursday, hitting $99.72. 781,739 shares of the company were exchanged, compared to its average volume of 569,043. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The firm's 50 day moving average price is $92.61 and its 200-day moving average price is $87.50. The stock has a market capitalization of $8.06 billion, a P/E ratio of 8.07, a PEG ratio of 3.96 and a beta of 0.91. AXIS Capital Holdings Limited has a 12-month low of $60.45 and a 12-month high of $101.86.

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

AXIS Capital Announces Dividend

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

Analyst Upgrades and Downgrades

AXS has been the topic of several recent research reports. StockNews.com raised shares of AXIS Capital from a "hold" rating to a "buy" rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods increased their price objective on AXIS Capital from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, March 13th. JMP Securities reissued a "market perform" rating on shares of AXIS Capital in a research note on Monday, February 3rd. TD Cowen increased their price target on AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company lowered their price objective on 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.25.

Insider Activity

In other news, Director Charles A. Davis sold 2,234,636 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $89.50, for a total transaction of $199,999,922.00. Following the completion of the sale, the director now owns 4,543,170 shares in the company, valued at approximately $406,613,715. This represents a 32.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company's stock.

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.