Summit Trail Advisors LLC Acquires New Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Summit Trail Advisors LLC acquired a new stake in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,369 shares of the insurance provider's stock, valued at approximately $300,000.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of AXIS Capital in the 3rd quarter valued at about $40,000. Versant Capital Management Inc boosted its position in shares of AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock worth $59,000 after purchasing an additional 130 shares in the last quarter. R Squared Ltd acquired a new position in shares of AXIS Capital in the 4th quarter valued at $82,000. Blue Trust Inc. grew its stake in 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 acquiring an additional 985 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of AXIS Capital during the third quarter worth about $99,000. Institutional investors and hedge funds own 93.44% of the company's stock.

AXIS Capital Trading Down 1.4 %

AXIS Capital stock traded down $1.26 during mid-day trading on Friday, hitting $89.99. 621,598 shares of the stock were exchanged, compared to its average volume of 696,762. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 4.01 and a beta of 0.95. The firm's fifty day simple moving average is $89.76 and its two-hundred day simple moving average is $83.93. 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 Holdings Limited has a 12 month low of $60.06 and a 12 month high of $94.89.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 EPS for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. Analysts forecast that AXIS Capital Holdings Limited will post 11.36 EPS for the current year.

AXIS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.44 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.76 annualized dividend and a yield of 1.96%. AXIS Capital's dividend payout ratio (DPR) is currently 14.25%.

Analyst Ratings Changes

Several brokerages recently issued reports on AXS. Wells Fargo & Company decreased their price objective on AXIS Capital from $89.00 to $85.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded shares of AXIS Capital from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective on AXIS Capital from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. BMO Capital Markets assumed coverage on AXIS Capital in a report on Monday, January 13th. They issued a "market perform" rating and a $93.00 price objective for the company. Finally, JMP Securities reiterated a "market perform" rating on shares of AXIS Capital in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AXIS Capital presently has an average rating of "Moderate Buy" and an average target price of $99.88.

Insider Activity at AXIS Capital

In other news, Director Charles A. Davis sold 2,234,636 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $89.50, for a total transaction of $199,999,922.00. Following the completion of the sale, the director now owns 4,543,170 shares in the company, valued at $406,613,715. This trade represents a 32.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

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.