Swedbank AB purchased a new position in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 351,139 shares of the insurance provider's stock, valued at approximately $31,118,000. Swedbank AB owned approximately 0.42% of AXIS Capital at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its position in AXIS Capital by 1,644.8% during the second quarter. Millennium Management LLC now owns 240,754 shares of the insurance provider's stock valued at $17,009,000 after acquiring an additional 226,956 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in AXIS Capital by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,224 shares of the insurance provider's stock valued at $1,076,000 after purchasing an additional 621 shares during the period. Truist Financial Corp raised its stake in AXIS Capital by 19.9% in the second quarter. Truist Financial Corp now owns 9,773 shares of the insurance provider's stock worth $690,000 after buying an additional 1,620 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of AXIS Capital in the 2nd quarter worth approximately $1,653,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in AXIS Capital by 32.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider's stock worth $43,000 after purchasing an additional 148 shares in the last quarter. Institutional investors own 93.44% of the company's stock.
AXIS Capital Price Performance
AXS stock traded down $1.04 during midday trading on Monday, hitting $89.99. The company's stock had a trading volume of 365,495 shares, compared to its average volume of 682,390. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 3.87 and a beta of 0.95. 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 $56.93 and a 12 month high of $94.89. The company has a 50 day moving average of $90.09 and a two-hundred day moving average of $82.64.
AXIS Capital (NYSE:AXS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, beating 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%. On average, analysts expect that AXIS Capital Holdings Limited will post 11.36 EPS for the current year.
AXIS Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.44 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.76 annualized dividend and a dividend yield of 1.96%. AXIS Capital's dividend payout ratio (DPR) is 14.25%.
Wall Street Analyst Weigh In
AXS has been the subject of a number of analyst reports. Bank of America raised their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. StockNews.com cut shares of AXIS Capital from a "buy" rating to a "hold" rating in a report on Friday. UBS Group upped their price target on shares of AXIS Capital from $92.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, November 4th. JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a report on Monday. Finally, Keefe, Bruyette & Woods raised their price objective on AXIS Capital from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $99.25.
Get Our Latest Research Report on AXIS Capital
AXIS Capital Profile
(
Free Report)
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.
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