Hancock Whitney Corp Decreases Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Hancock Whitney Corp decreased its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 11.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,098 shares of the insurance provider’s stock after selling 3,135 shares during the period. Hancock Whitney Corp’s holdings in AXIS Capital were worth $1,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AXS. Versant Capital Management Inc lifted its position in AXIS Capital by 55.6% during the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 165 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of AXIS Capital by 80.4% in the second quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after buying an additional 226 shares during the last quarter. Covestor Ltd raised its holdings in shares of AXIS Capital by 45.9% in the first quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after buying an additional 185 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in shares of AXIS Capital by 61,675.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,471 shares of the insurance provider’s stock worth $137,000 after buying an additional 2,467 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of AXIS Capital in the first quarter worth $201,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

AXIS Capital Stock Down 0.4 %

AXS stock opened at $77.91 on Friday. The firm has a market cap of $6.60 billion, a PE ratio of 11.91, a P/E/G ratio of 0.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.62. The firm’s fifty day moving average is $75.36 and its 200 day moving average is $70.04. AXIS Capital Holdings Limited has a one year low of $52.90 and a one year high of $80.50.

AXIS Capital (NYSE:AXS) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.52 by $0.41. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.49 billion. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $2.23 earnings per share. On average, research analysts forecast that AXIS Capital Holdings Limited will post 10.71 EPS for the current year.

AXIS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, September 30th. AXIS Capital’s payout ratio is 26.91%.

Wall Street Analyst Weigh In

AXS has been the subject of a number of research analyst reports. Roth Mkm raised their price target on shares of AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Bank of America increased their price objective on shares of AXIS Capital from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company increased their price objective on shares of AXIS Capital from $63.00 to $74.00 and gave the stock an “underweight” rating in a research note on Monday, August 12th. UBS Group increased their price objective on shares of AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of AXIS Capital from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AXIS Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

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.