SVB Wealth LLC Purchases Shares of 2,932 AXIS Capital Holdings Limited (NYSE:AXS)

SVB Wealth LLC purchased a new stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,932 shares of the insurance provider's stock, valued at approximately $260,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in AXIS Capital during the 3rd quarter valued at $40,000. Versant Capital Management Inc increased its holdings in AXIS Capital by 24.0% during the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 130 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in AXIS Capital by 28.5% during the 4th quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider's stock valued at $74,000 after purchasing an additional 185 shares in the last quarter. R Squared Ltd acquired a new stake in AXIS Capital during the 4th quarter valued at $82,000. Finally, Capital Performance Advisors LLP acquired a new stake in AXIS Capital during the 3rd quarter valued at $99,000. 93.44% of the stock is owned by institutional investors and hedge funds.

AXIS Capital Trading Down 0.7 %

Shares of NYSE:AXS traded down $0.65 during midday trading on Friday, hitting $92.01. The company had a trading volume of 727,040 shares, compared to its average volume of 551,388. AXIS Capital Holdings Limited has a 12 month low of $60.45 and a 12 month high of $98.11. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 3.96 and a beta of 0.91. The firm has a fifty day simple moving average of $90.83 and a 200 day simple moving average of $85.89.

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AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. On average, analysts predict that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.

AXIS Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, March 31st. This represents a $1.76 annualized dividend and a yield of 1.91%. AXIS Capital's dividend payout ratio is presently 14.25%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Cowen raised their price target on AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company decreased their price objective on AXIS Capital from $89.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. StockNews.com upgraded AXIS Capital from a "hold" rating to a "buy" rating in a research report on Tuesday, March 4th. JMP Securities reiterated a "market perform" rating on shares of AXIS Capital in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on AXIS Capital from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $99.88.

Insiders Place Their Bets

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the transaction, the director now directly owns 2,404,133 shares in the company, valued at approximately $224,786,435.50. The trade was a 47.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company's stock.

AXIS Capital 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.