AXIS Capital Holdings Limited (NYSE:AXS) Shares Bought by Xponance Inc.

Xponance Inc. raised its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 15.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,429 shares of the insurance provider’s stock after purchasing an additional 461 shares during the quarter. Xponance Inc.’s holdings in AXIS Capital were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. True Wealth Design LLC acquired a new position in shares of AXIS Capital in the 3rd quarter valued at $40,000. Steward Partners Investment Advisory LLC purchased a new stake in AXIS Capital during the 4th quarter valued at about $53,000. Versant Capital Management Inc increased its holdings in shares of AXIS Capital by 24.0% in the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 130 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of AXIS Capital by 73.8% in the fourth 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 last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of AXIS Capital during the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at AXIS Capital

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 transaction of $199,999,959.50. Following the completion of the transaction, the director now owns 2,404,133 shares of the company’s stock, valued at approximately $224,786,435.50. This trade represents a 47.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AXS shares. Keefe, Bruyette & Woods increased their price target on shares of AXIS Capital from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, March 13th. StockNews.com raised AXIS Capital from a “hold” rating to a “buy” rating in a report on Tuesday, March 4th. Wells Fargo & Company reduced their price objective 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. JMP Securities reissued a “market perform” rating on shares of AXIS Capital in a research note on Monday, February 3rd. Finally, BMO Capital Markets assumed 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. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.25.

AXIS Capital Stock Up 0.0 %

AXS stock opened at $99.72 on Friday. The firm has a market cap of $8.06 billion, a PE ratio of 8.07, a PEG ratio of 3.96 and a beta of 0.91. AXIS Capital Holdings Limited has a one year low of $60.45 and a one year high of $100.78. 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’s 50 day moving average price is $92.81 and its 200-day moving average price is $87.59.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings results 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 return on equity of 18.89% and a net margin of 18.16%. On average, equities research analysts anticipate that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, March 31st. AXIS Capital’s dividend payout ratio (DPR) is presently 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.