AXS has been the subject of a number of other research reports. Wells Fargo & Company increased their price target on AXIS Capital from $56.00 to $59.00 and gave the company an underweight rating in a report on Friday, February 2nd. UBS Group increased their price target on AXIS Capital from $77.00 to $80.00 and gave the company a buy rating in a report on Monday, February 5th. Finally, Keefe, Bruyette & Woods increased their price target on AXIS Capital from $67.00 to $70.00 and gave the company an outperform rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $66.00.
AXIS Capital Price Performance
AXIS Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, December 28th. AXIS Capital’s dividend payout ratio (DPR) is presently 43.78%.
Insider Buying and Selling
In other AXIS Capital news, Director Stanley A. Galanski acquired 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $58.45 per share, with a total value of $409,150.00. Following the purchase, the director now owns 9,763 shares of the company’s stock, valued at approximately $570,647.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On AXIS Capital
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in AXIS Capital during the fourth quarter worth approximately $52,845,000. Alliancebernstein L.P. lifted its position in AXIS Capital by 1,531.0% during the third quarter. Alliancebernstein L.P. now owns 631,926 shares of the insurance provider’s stock worth $31,059,000 after acquiring an additional 593,181 shares during the last quarter. AQR Capital Management LLC lifted its position in AXIS Capital by 89.5% during the third quarter. AQR Capital Management LLC now owns 1,230,822 shares of the insurance provider’s stock worth $69,381,000 after acquiring an additional 581,409 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in AXIS Capital by 185.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 488,556 shares of the insurance provider’s stock worth $27,051,000 after acquiring an additional 317,169 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in AXIS Capital by 3.8% during the first quarter. Vanguard Group Inc. now owns 7,948,453 shares of the insurance provider’s stock worth $480,644,000 after acquiring an additional 288,068 shares during the last quarter. Institutional investors own 89.61% of the company’s stock.
About AXIS Capital
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine classes covering offshore energy, cargo, liability, kidnap and ransom, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.
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