53,375 Shares in AXIS Capital Holdings Limited (NYSE:AXS) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 53,375 shares of the insurance provider's stock, valued at approximately $4,249,000. Mirabella Financial Services LLP owned approximately 0.06% of AXIS Capital at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake in shares of AXIS Capital by 55.6% during the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider's stock worth $33,000 after buying an additional 165 shares during the period. GAMMA Investing LLC lifted its position in AXIS Capital by 80.4% during the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider's stock worth $36,000 after acquiring an additional 226 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in AXIS Capital by 32.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 148 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of AXIS Capital by 424.6% in the third quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider's stock valued at $97,000 after purchasing an additional 985 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of AXIS Capital in the third quarter worth about $99,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

AXIS Capital Stock Performance

NYSE AXS traded up $2.48 during mid-day trading on Monday, reaching $91.23. 778,213 shares of the stock were exchanged, compared to its average volume of 569,465. AXIS Capital Holdings Limited has a 1 year low of $53.49 and a 1 year high of $91.43. 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 business's 50 day moving average is $81.47 and its 200-day moving average is $75.91. The company has a market capitalization of $7.63 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.30 and a beta of 0.90.

AXIS Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.55 by $0.16. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. The company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same quarter in the prior year, the firm posted $2.34 EPS. On average, equities research analysts forecast that AXIS Capital Holdings Limited will post 10.89 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital's payout ratio is presently 24.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on AXIS Capital from $74.00 to $78.00 and gave the company an "underweight" rating in a research report on Thursday, October 10th. UBS Group upped their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the company a "buy" rating in a report on Monday, November 4th. TD Cowen initiated coverage on shares of AXIS Capital in a research note on Friday, October 4th. They issued a "buy" rating and a $118.00 price objective on the stock. Bank of America boosted their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price target 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. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to data from MarketBeat, AXIS Capital currently has an average rating of "Moderate Buy" and an average target price of $95.86.

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.