Parkside Financial Bank & Trust Buys 134 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Parkside Financial Bank & Trust grew its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,931 shares of the insurance provider’s stock after buying an additional 134 shares during the period. Parkside Financial Bank & Trust’s holdings in AXIS Capital were worth $171,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AXS. Swedbank AB bought a new stake in shares of AXIS Capital during the 4th quarter valued at $31,118,000. Principal Financial Group Inc. boosted its holdings in shares of AXIS Capital by 7,053.2% during the 4th quarter. Principal Financial Group Inc. now owns 353,941 shares of the insurance provider’s stock valued at $31,366,000 after buying an additional 348,993 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of AXIS Capital by 24.4% during the 3rd quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider’s stock valued at $129,371,000 after buying an additional 318,784 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AXIS Capital by 131.9% during the 3rd 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 buying an additional 144,792 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of AXIS Capital by 48.6% during the 3rd quarter. Franklin Resources Inc. now owns 371,557 shares of the insurance provider’s stock valued at $30,070,000 after buying an additional 121,437 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Charles A. Davis sold 2,234,636 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $89.50, for a total transaction of $199,999,922.00. Following the completion of the sale, the director now owns 4,543,170 shares of the company’s stock, valued at $406,613,715. This represents a 32.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

AXS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on shares of AXIS Capital from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company dropped their price target on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. UBS Group upped their price target on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. TD Cowen upped their price target on shares of AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, BMO Capital Markets initiated coverage on shares of AXIS Capital in a research note on Monday, January 13th. They issued a “market perform” rating and a $93.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, AXIS Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.88.

AXIS Capital Price Performance

Shares of NYSE:AXS opened at $96.89 on Friday. AXIS Capital Holdings Limited has a fifty-two week low of $60.06 and a fifty-two week high of $97.33. The business has a 50-day simple moving average of $90.38 and a two-hundred day simple moving average of $85.19. 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 firm has a market cap of $8.11 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 3.96 and a beta of 0.95.

AXIS Capital (NYSE:AXS) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect that AXIS Capital Holdings Limited will post 11.19 earnings per share 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 given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Monday, March 31st. AXIS Capital’s dividend payout ratio (DPR) is 14.25%.

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.