AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. decreased its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 430,596 shares of the insurance provider’s stock after selling 4,147 shares during the quarter. Jupiter Asset Management Ltd. owned 0.51% of AXIS Capital worth $38,159,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new position in AXIS Capital in the 3rd quarter worth approximately $40,000. Steward Partners Investment Advisory LLC acquired a new position in AXIS Capital in the 4th quarter worth approximately $53,000. Versant Capital Management Inc boosted its stake in 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 purchasing an additional 130 shares during the period. EverSource Wealth Advisors LLC boosted its stake in AXIS Capital by 73.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 285 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in AXIS Capital in the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company cut 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 report on Tuesday, January 14th. BMO Capital Markets started coverage on shares of AXIS Capital in a report on Monday, January 13th. They set a “market perform” rating and a $93.00 price target on the stock. TD Cowen lifted their target price on shares of AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Keefe, Bruyette & Woods lifted their target price on shares of AXIS Capital from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, JMP Securities reiterated a “market perform” rating on shares of AXIS Capital in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.88.

Insider Activity

In other AXIS Capital news, Director Charles A. Davis sold 2,234,636 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $89.50, for a total value of $199,999,922.00. Following the transaction, the director now directly owns 4,543,170 shares in the company, valued at $406,613,715. The trade was a 32.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

AXIS Capital Stock Performance

NYSE:AXS opened at $91.48 on Wednesday. The firm’s 50-day moving average is $90.89 and its 200-day moving average is $86.15. AXIS Capital Holdings Limited has a 52-week low of $60.45 and a 52-week high of $98.11. 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 company has a market cap of $7.39 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 3.96 and a beta of 0.91.

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, 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%. Equities research analysts anticipate 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. Stockholders of record on Monday, March 31st will be given a dividend of $0.44 per share. The ex-dividend date is Monday, March 31st. This represents a $1.76 annualized dividend and a dividend yield of 1.92%. AXIS Capital’s dividend payout ratio (DPR) is currently 14.25%.

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.