Point72 Hong Kong Ltd Has $53,000 Position in AXIS Capital Holdings Limited (NYSE:AXS)

Point72 Hong Kong Ltd cut its position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 92.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662 shares of the insurance provider's stock after selling 8,246 shares during the period. Point72 Hong Kong Ltd's holdings in AXIS Capital were worth $53,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Independent Advisor Alliance raised its holdings in shares of AXIS Capital by 0.4% during the 3rd quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider's stock valued at $2,591,000 after purchasing an additional 125 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of AXIS Capital by 0.4% in the third quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider's stock worth $2,542,000 after buying an additional 127 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of AXIS Capital by 32.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider's stock worth $43,000 after acquiring an additional 148 shares in the last quarter. Gries Financial LLC increased its holdings in shares of AXIS Capital by 4.9% during the 2nd quarter. Gries Financial LLC now owns 3,523 shares of the insurance provider's stock valued at $249,000 after acquiring an additional 166 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of AXIS Capital by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 15,394 shares of the insurance provider's stock valued at $1,226,000 after acquiring an additional 170 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on AXS. Wells Fargo & Company lifted their price target on shares of 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 lifted their price objective on AXIS Capital from $92.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Jefferies Financial Group increased their target price on AXIS Capital from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Bank of America upped their price target on AXIS Capital from $81.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of AXIS Capital from $94.00 to $96.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $97.14.

AXIS Capital Price Performance

NYSE:AXS traded down $0.53 during mid-day trading on Wednesday, hitting $93.01. The company's stock had a trading volume of 445,555 shares, compared to its average volume of 570,488. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 0.32 and a beta of 0.94. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a fifty-two week low of $53.49 and a fifty-two week high of $94.42. The stock has a fifty day moving average of $83.44 and a 200-day moving average of $77.01.

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 analysts' consensus estimates of $2.55 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.57 billion. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. During the same period last year, the business earned $2.34 earnings per share. As a group, equities analysts forecast that AXIS Capital Holdings Limited will post 10.83 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a yield of 1.89%. AXIS Capital's dividend payout ratio is 24.41%.

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.