Robeco Institutional Asset Management B.V. Has $4.65 Million Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Robeco Institutional Asset Management B.V. boosted its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 1,870.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,376 shares of the insurance provider's stock after purchasing an additional 55,414 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of AXIS Capital worth $4,647,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in AXS. Janney Montgomery Scott LLC purchased a new position in shares of AXIS Capital in the first quarter worth about $683,000. Daiwa Securities Group Inc. boosted its position in AXIS Capital by 600.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,000 shares of the insurance provider's stock valued at $455,000 after acquiring an additional 6,000 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in AXIS Capital in the 1st quarter worth $328,000. Empowered Funds LLC purchased a new position in shares of AXIS Capital in the 1st quarter valued at about $205,000. Finally, SG Americas Securities LLC raised its holdings in AXIS Capital by 29.7% in the 1st quarter. SG Americas Securities LLC now owns 26,081 shares of the insurance provider's stock valued at $1,696,000 after acquiring an additional 5,974 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

AXIS Capital Trading Up 2.3 %

NYSE AXS traded up $1.86 on Friday, hitting $84.48. The company's stock had a trading volume of 483,288 shares, compared to its average volume of 576,525. The firm has a market cap of $7.07 billion, a PE ratio of 11.72, a PEG ratio of 0.27 and a beta of 0.90. AXIS Capital Holdings Limited has a 1-year low of $53.14 and a 1-year high of $84.84. The company's 50-day moving average is $79.78 and its 200 day moving average is $74.23. 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 (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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the company posted $2.34 earnings per share. As a group, analysts predict that AXIS Capital Holdings Limited will post 10.83 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.08%. AXIS Capital's dividend payout ratio (DPR) is presently 24.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AXS shares. Roth Mkm raised their target price on shares of AXIS Capital from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Jefferies Financial Group upped 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 upped their price target on AXIS Capital from $74.00 to $78.00 and gave the stock an "underweight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on shares of AXIS Capital from $94.00 to $96.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, TD Cowen assumed 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. 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, AXIS Capital currently has an average rating of "Moderate Buy" and a consensus target price of $95.86.

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.