LSV Asset Management Acquires 28,200 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

LSV Asset Management boosted its position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 658,400 shares of the insurance provider's stock after acquiring an additional 28,200 shares during the quarter. LSV Asset Management owned 0.79% of AXIS Capital worth $58,347,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of AXIS Capital by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 15,394 shares of the insurance provider's stock valued at $1,226,000 after buying an additional 170 shares during the period. Captrust Financial Advisors increased its holdings in AXIS Capital by 64.5% in the 3rd quarter. Captrust Financial Advisors now owns 6,930 shares of the insurance provider's stock worth $552,000 after acquiring an additional 2,718 shares during the last quarter. Verition Fund Management LLC purchased a new position in AXIS Capital during the 3rd quarter valued at about $453,000. HighTower Advisors LLC purchased a new stake in shares of AXIS Capital in the 3rd quarter valued at about $638,000. Finally, Quantinno Capital Management LP lifted its stake in AXIS Capital by 97.4% during the third quarter. Quantinno Capital Management LP now owns 25,031 shares of the insurance provider's stock worth $1,993,000 after purchasing an additional 12,350 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Insider Transactions at AXIS Capital

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

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Analysts Set New Price Targets

AXS has been the subject of several research reports. BMO Capital Markets began coverage on shares of AXIS Capital in a report on Monday, January 13th. They issued a "market perform" rating and a $93.00 price objective for the company. Jefferies Financial Group lifted their price target on shares of AXIS Capital from $116.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday. UBS Group increased their target price on AXIS Capital from $105.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their price objective on AXIS Capital from $120.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com upgraded shares of AXIS Capital from a "hold" rating to a "buy" rating in a research report on Saturday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AXIS Capital has a consensus rating of "Moderate Buy" and a consensus target price of $106.75.

AXIS Capital Stock Up 0.1 %

AXS stock traded up $0.07 during midday trading on Tuesday, hitting $94.62. The company's stock had a trading volume of 617,456 shares, compared to its average volume of 753,054. 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 Holdings Limited has a 52-week low of $60.44 and a 52-week high of $101.42. The firm has a market capitalization of $7.44 billion, a P/E ratio of 7.66, a PEG ratio of 3.96 and a beta of 0.67. The firm has a 50-day simple moving average of $94.01 and a 200-day simple moving average of $89.24.

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

AXIS Capital Dividend Announcement

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 given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Monday, March 31st. AXIS Capital's dividend payout ratio is presently 14.25%.

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.