Thrivent Financial for Lutherans decreased its holdings in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 28.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,874 shares of the insurance provider's stock after selling 2,778 shares during the period. Thrivent Financial for Lutherans' holdings in AXIS Capital were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Versant Capital Management Inc raised its position in shares of AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock worth $59,000 after acquiring an additional 130 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in AXIS Capital by 7.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,931 shares of the insurance provider's stock worth $171,000 after purchasing an additional 134 shares in the last quarter. CIBC Asset Management Inc raised its holdings in AXIS Capital by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 2,799 shares of the insurance provider's stock worth $248,000 after purchasing an additional 137 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of AXIS Capital by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 15,394 shares of the insurance provider's stock valued at $1,226,000 after buying an additional 170 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of AXIS Capital by 28.5% in the 4th quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider's stock valued at $74,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.
AXIS Capital Stock Performance
NYSE AXS traded up $1.26 during trading hours on Tuesday, reaching $88.49. The stock had a trading volume of 947,693 shares, compared to its average volume of 605,988. AXIS Capital Holdings Limited has a 52-week low of $60.45 and a 52-week high of $101.42. The stock has a fifty day moving average of $93.82 and a 200 day moving average of $88.75. 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 cap of $7.15 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 3.96 and a beta of 0.67.
AXIS Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 EPS 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%. Sell-side analysts predict that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.
AXIS Capital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, March 31st. AXIS Capital's dividend payout ratio is currently 14.25%.
Insider Buying and Selling at AXIS Capital
In related news, Director Charles A. Davis sold 2,139,037 shares of the business's stock in a transaction 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 completion of the transaction, the director now directly owns 2,404,133 shares in the company, valued at $224,786,435.50. The trade was a 47.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on AXS shares. Wells Fargo & Company decreased their target price 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. Keefe, Bruyette & Woods increased their price objective on AXIS Capital from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, March 28th. JMP Securities restated a "market perform" rating on shares of AXIS Capital in a research note on Monday, February 3rd. StockNews.com cut AXIS Capital from a "buy" rating to a "hold" rating in a research note on Friday. Finally, BMO Capital Markets assumed coverage on AXIS Capital in a research note on Monday, January 13th. They set a "market perform" rating and a $93.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, AXIS Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.50.
View Our Latest Analysis 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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