Sanctuary Advisors LLC Purchases 25,436 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Sanctuary Advisors LLC raised its position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 108.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,828 shares of the insurance provider's stock after acquiring an additional 25,436 shares during the period. Sanctuary Advisors LLC owned approximately 0.06% of AXIS Capital worth $3,887,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AXS. Dimensional Fund Advisors LP boosted its holdings in AXIS Capital by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider's stock valued at $287,909,000 after purchasing an additional 152,914 shares during the period. AQR Capital Management LLC raised its position in shares of AXIS Capital by 9.0% during 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 buying an additional 213,559 shares during the last quarter. State Street Corp lifted its stake in shares of AXIS Capital by 7.2% in the third quarter. State Street Corp now owns 1,675,417 shares of the insurance provider's stock valued at $134,110,000 after buying an additional 112,536 shares during the period. Jennison Associates LLC grew its position in AXIS Capital by 24.4% during the third quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider's stock worth $129,371,000 after buying an additional 318,784 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in AXIS Capital by 12.5% during 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 acquiring an additional 157,110 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on AXS. Jefferies Financial Group raised their target price on AXIS Capital from $88.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. UBS Group raised their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Keefe, Bruyette & Woods upped their target price on shares of AXIS Capital from $94.00 to $96.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Bank of America increased their price target on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company raised AXIS Capital from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $78.00 to $89.00 in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, AXIS Capital presently has a consensus rating of "Moderate Buy" and an average target price of $98.71.

AXIS Capital Price Performance

AXIS Capital stock traded up $0.67 during trading hours on Tuesday, hitting $92.52. 857,809 shares of the stock were exchanged, compared to its average volume of 572,339. AXIS Capital Holdings Limited has a 12 month low of $53.49 and a 12 month high of $94.89. The business's 50-day moving average is $85.59 and its two-hundred day moving average is $78.27. 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 stock has a market capitalization of $7.74 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.31 and a beta of 0.94.

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 analysts' consensus estimates of $2.55 by $0.16. The firm 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 firm posted $2.34 EPS. Equities research analysts expect that AXIS Capital Holdings Limited will post 10.83 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, December 31st. AXIS Capital's dividend payout ratio is currently 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.