AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its stake in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,021,949 shares of the insurance provider's stock after selling 281,011 shares during the quarter. Janus Henderson Group PLC owned approximately 2.42% of AXIS Capital worth $160,968,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AXS. HighTower Advisors LLC purchased a new stake in AXIS Capital during the 3rd quarter worth approximately $638,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of AXIS Capital by 324.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,554 shares of the insurance provider's stock worth $203,000 after purchasing an additional 1,952 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of AXIS Capital during the third quarter worth approximately $40,000. Wasatch Advisors LP lifted its holdings in AXIS Capital by 15.0% in the 3rd quarter. Wasatch Advisors LP now owns 758,311 shares of the insurance provider's stock valued at $60,369,000 after purchasing an additional 99,119 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in AXIS Capital during the 3rd quarter worth $2,044,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

AXIS Capital Trading Up 1.1 %

NYSE:AXS traded up $1.02 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. AXIS Capital Holdings Limited has a 12-month low of $53.49 and a 12-month high of $94.54. The stock has a 50 day moving average price of $83.72 and a 200 day moving average price of $77.12. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 0.32 and a beta of 0.94. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27.

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

AXIS Capital Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on AXS. Jefferies Financial Group increased their target price on shares of AXIS Capital from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. UBS Group raised their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company upped their price target on AXIS Capital from $74.00 to $78.00 and gave the company an "underweight" rating in a research report on Thursday, October 10th. TD Cowen lifted their price objective on AXIS Capital from $118.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods upped their target price on AXIS Capital from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, AXIS Capital has a consensus rating of "Moderate Buy" and a consensus target price of $97.14.

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.