Amalgamated Bank Has $329,000 Stock Position in AXIS Capital Holdings Limited (NYSE:AXS)

Amalgamated Bank cut its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 69.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,129 shares of the insurance provider’s stock after selling 9,586 shares during the quarter. Amalgamated Bank’s holdings in AXIS Capital were worth $329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AXS. Envestnet Portfolio Solutions Inc. bought a new position in shares of AXIS Capital during the 1st quarter worth about $328,000. Empowered Funds LLC acquired a new stake in AXIS Capital in the first quarter valued at approximately $205,000. State Board of Administration of Florida Retirement System grew its stake in AXIS Capital by 4.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 100,737 shares of the insurance provider’s stock valued at $6,550,000 after acquiring an additional 4,703 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of AXIS Capital by 40.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,747 shares of the insurance provider’s stock valued at $894,000 after acquiring an additional 3,970 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of AXIS Capital by 45.9% during the first quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 185 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AXS has been the subject of a number of analyst reports. Roth Mkm lifted their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods raised their price target on shares of AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Bank of America lifted their price target on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. UBS Group increased their price objective on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group lifted their target price on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.86.

AXIS Capital Price Performance

Shares of NYSE AXS opened at $86.73 on Monday. The company has a market capitalization of $7.25 billion, a PE ratio of 12.03, a PEG ratio of 0.29 and a beta of 0.90. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $80.42 and its 200-day moving average price is $75.21. AXIS Capital Holdings Limited has a twelve month low of $53.48 and a twelve month high of $86.92.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.16. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $2.34 earnings per share. On average, equities analysts anticipate that AXIS Capital Holdings Limited will post 10.89 EPS for the current year.

AXIS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a $0.44 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.03%. AXIS Capital’s dividend payout ratio (DPR) is presently 24.41%.

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.