AXIS Capital Holdings Limited (NYSE:AXS) Position Increased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 32.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,887 shares of the insurance provider's stock after purchasing an additional 9,380 shares during the period. DekaBank Deutsche Girozentrale's holdings in AXIS Capital were worth $2,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of AXIS Capital by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider's stock worth $287,909,000 after buying an additional 152,914 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 213,559 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of AXIS Capital by 30.7% in the first quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider's stock valued at $150,928,000 after purchasing an additional 545,546 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of 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 valued at $100,144,000 after purchasing an additional 157,110 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of AXIS Capital by 8,717.0% during the 2nd 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. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on AXS. Keefe, Bruyette & Woods increased their target price on AXIS Capital from $86.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Bank of America increased their price objective on AXIS Capital from $81.00 to $96.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. UBS Group boosted their target price on shares of AXIS Capital from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, July 9th. Wells Fargo & Company raised their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the stock an "underweight" rating in a research note on Thursday, October 10th. Finally, Roth Mkm boosted their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $92.86.

AXIS Capital Stock Up 1.0 %

Shares of NYSE:AXS traded up $0.78 during midday trading on Friday, reaching $79.04. The company had a trading volume of 566,685 shares, compared to its average volume of 579,092. The stock has a market capitalization of $6.65 billion, a P/E ratio of 10.97, a PEG ratio of 0.27 and a beta of 0.89. The stock's fifty day moving average price is $79.42 and its 200-day moving average price is $73.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.62 and a quick ratio of 0.62. AXIS Capital Holdings Limited has a one year low of $52.90 and a one year high of $83.19.

AXIS Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.83%. During the same period last year, the business earned $2.34 EPS. Equities research analysts expect that AXIS Capital Holdings Limited will post 10.73 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital's payout ratio is currently 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.