Teacher Retirement System of Texas Has $10.47 Million Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Teacher Retirement System of Texas raised its stake in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,169 shares of the insurance provider's stock after purchasing an additional 10,619 shares during the period. Teacher Retirement System of Texas owned approximately 0.14% of AXIS Capital worth $10,472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in AXIS Capital during the fourth quarter worth about $88,175,000. Swedbank AB acquired a new stake in shares of AXIS Capital during the 4th quarter worth approximately $31,118,000. Principal Financial Group Inc. increased its position in shares of AXIS Capital by 7,053.2% during the fourth quarter. Principal Financial Group Inc. now owns 353,941 shares of the insurance provider's stock valued at $31,366,000 after purchasing an additional 348,993 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of AXIS Capital by 131.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 254,551 shares of the insurance provider's stock valued at $20,265,000 after purchasing an additional 144,792 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in AXIS Capital by 48.6% in the third quarter. Franklin Resources Inc. now owns 371,557 shares of the insurance provider's stock worth $30,070,000 after purchasing an additional 121,437 shares during the period. Institutional investors own 93.44% of the company's stock.

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AXIS Capital Price Performance

Shares of NYSE:AXS traded up $0.88 during midday trading on Wednesday, reaching $99.51. The company's stock had a trading volume of 1,202,168 shares, compared to its average volume of 568,622. The business's fifty day simple moving average is $92.39 and its 200-day simple moving average is $87.42. The company has a market capitalization of $8.04 billion, a P/E ratio of 8.06, a P/E/G ratio of 3.96 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. AXIS Capital Holdings Limited has a fifty-two week low of $60.45 and a fifty-two week high of $100.49.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research analysts expect that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $0.44 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.76 dividend on an annualized basis and a yield of 1.77%. AXIS Capital's payout ratio is 14.25%.

Insider Activity

In related news, Director Charles A. Davis sold 2,139,037 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total value of $199,999,959.50. Following the transaction, the director now directly owns 2,404,133 shares in the company, valued at $224,786,435.50. This represents a 47.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AXS shares. Keefe, Bruyette & Woods increased their price objective on shares of AXIS Capital from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, March 13th. Wells Fargo & Company dropped their price target on shares of 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 raised AXIS Capital from a "hold" rating to a "buy" rating in a report on Tuesday, March 4th. BMO Capital Markets began coverage on AXIS Capital in a research note on Monday, January 13th. They set a "market perform" rating and a $93.00 price objective for the company. Finally, JMP Securities restated a "market perform" rating on shares of AXIS Capital in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, AXIS Capital has an average rating of "Moderate Buy" and a consensus price target of $100.25.

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.