AXIS Capital Holdings Limited (NYSE:AXS) Shares Bought by Jane Street Group LLC

Jane Street Group LLC boosted its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 21.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,156 shares of the insurance provider's stock after purchasing an additional 9,148 shares during the quarter. Jane Street Group LLC owned about 0.06% of AXIS Capital worth $4,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in shares of AXIS Capital by 8,717.0% during the second quarter. Victory Capital Management Inc. now owns 1,361,250 shares of the insurance provider's stock worth $96,172,000 after purchasing an additional 1,345,811 shares in the last quarter. Jennison Associates LLC increased 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 valued at $129,371,000 after buying an additional 318,784 shares in the last quarter. Millennium Management LLC increased its position in AXIS Capital by 1,644.8% during the 2nd quarter. Millennium Management LLC now owns 240,754 shares of the insurance provider's stock valued at $17,009,000 after buying an additional 226,956 shares in the last quarter. AQR Capital Management LLC raised its stake in AXIS Capital by 9.0% in the second 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 last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in AXIS Capital by 12.5% in the second 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 in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AXS. Keefe, Bruyette & Woods upped their price objective on shares of AXIS Capital from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Wells Fargo & Company upgraded shares of AXIS Capital from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $78.00 to $89.00 in a research note on Wednesday, December 11th. Bank of America raised their price target on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. TD Cowen boosted their price objective on shares of AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, UBS Group raised their target price on AXIS Capital from $92.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.71.

AXIS Capital Stock Performance

Shares of AXS traded down $0.59 during mid-day trading on Thursday, reaching $87.61. The company had a trading volume of 895,682 shares, compared to its average volume of 574,069. The stock has a 50 day moving average of $85.99 and a two-hundred day moving average of $78.47. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $7.33 billion, a P/E ratio of 12.15, a PEG ratio of 0.31 and a beta of 0.94. AXIS Capital Holdings Limited has a 52-week low of $53.49 and a 52-week high of $94.89.

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

AXIS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.44 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.76 dividend on an annualized basis and a yield of 2.01%. AXIS Capital's payout ratio is 24.41%.

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.