Los Angeles Capital Management LLC Sells 14,983 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Los Angeles Capital Management LLC trimmed its holdings in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,046 shares of the insurance provider's stock after selling 14,983 shares during the period. Los Angeles Capital Management LLC owned 0.51% of AXIS Capital worth $33,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc lifted its position in shares of AXIS Capital by 55.6% during the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC lifted its position in AXIS Capital by 80.4% during the second quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider's stock worth $36,000 after purchasing an additional 226 shares during the period. Covestor Ltd grew its stake in AXIS Capital by 45.9% during the first quarter. Covestor Ltd now owns 588 shares of the insurance provider's stock worth $38,000 after buying an additional 185 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in AXIS Capital by 32.6% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider's stock valued at $43,000 after buying an additional 148 shares during the period. Finally, Blue Trust Inc. raised its position in shares of AXIS Capital by 424.6% in the 3rd quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider's stock valued at $97,000 after buying an additional 985 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Jefferies Financial Group increased their price target 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. Wells Fargo & Company raised their target price on AXIS Capital from $74.00 to $78.00 and gave the company an "underweight" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $94.00 to $96.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. TD Cowen began coverage on AXIS Capital in a research note on Friday, October 4th. They issued a "buy" rating and a $118.00 price objective on the stock. Finally, Roth Mkm boosted their target price on AXIS Capital from $75.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $95.86.

AXIS Capital Trading Down 0.9 %

AXIS Capital stock traded down $0.80 during trading hours on Monday, hitting $83.68. The stock had a trading volume of 378,202 shares, compared to its average volume of 575,615. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 0.29 and a beta of 0.90. 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 business's 50 day simple moving average is $79.86 and its 200-day simple moving average is $74.55. AXIS Capital Holdings Limited has a one year low of $53.48 and a one year high of $85.67.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, topping 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 business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company earned $2.34 EPS. On average, equities analysts predict that AXIS Capital Holdings Limited will post 10.83 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently disclosed 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 was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a yield of 2.10%. AXIS Capital's payout ratio is 24.41%.

About AXIS Capital

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.