AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC decreased its holdings in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 25.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,670 shares of the insurance provider's stock after selling 43,390 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.15% of AXIS Capital worth $10,005,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of AXIS Capital by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider's stock valued at $287,909,000 after purchasing an additional 152,914 shares during the period. AQR Capital Management LLC increased its stake in AXIS Capital by 9.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider's stock valued at $182,538,000 after buying an additional 213,559 shares during the period. Jennison Associates LLC raised its position in AXIS Capital by 24.4% during the 3rd quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider's stock worth $129,371,000 after buying an additional 318,784 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of AXIS Capital by 12.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,417,464 shares of the insurance provider's stock worth $100,144,000 after acquiring an additional 157,110 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of AXIS Capital by 2.4% in the third quarter. Victory Capital Management Inc. now owns 1,394,491 shares of the insurance provider's stock valued at $111,015,000 after acquiring an additional 33,241 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

AXIS Capital Price Performance

NYSE AXS traded up $1.02 during trading hours on Thursday, reaching $94.05. The company's stock had a trading volume of 452,188 shares, compared to its average volume of 570,258. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $7.87 billion, a PE ratio of 12.90, a PEG ratio of 0.32 and a beta of 0.94. The company's 50-day moving average is $83.72 and its two-hundred day moving average is $77.12. AXIS Capital Holdings Limited has a fifty-two week low of $53.49 and a fifty-two week high of $94.54.

AXIS Capital (NYSE:AXS - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.16. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same period in the prior year, the firm earned $2.34 EPS. Analysts forecast that AXIS Capital Holdings Limited will post 10.83 EPS for the current year.

AXIS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a $0.44 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 1.87%. AXIS Capital's payout ratio is currently 24.41%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AXS shares. TD Cowen raised their price objective on shares of AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. UBS Group lifted their price target on AXIS Capital from $92.00 to $98.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Bank of America increased their price objective on AXIS Capital from $81.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their target price on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the company an "underweight" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, AXIS Capital has an average rating of "Moderate Buy" and a consensus price target of $97.14.

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.