GSA Capital Partners LLP Sells 3,560 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

GSA Capital Partners LLP decreased its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 44.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,525 shares of the insurance provider’s stock after selling 3,560 shares during the period. GSA Capital Partners LLP’s holdings in AXIS Capital were worth $360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of AXIS Capital by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider’s stock worth $287,909,000 after acquiring an additional 152,914 shares in the last quarter. AQR Capital Management LLC raised its position in shares of AXIS Capital by 9.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider’s stock worth $182,538,000 after acquiring an additional 213,559 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of AXIS Capital by 30.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider’s stock worth $150,928,000 after acquiring an additional 545,546 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of AXIS Capital by 12.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,417,464 shares of the insurance provider’s stock worth $100,144,000 after acquiring an additional 157,110 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of AXIS Capital by 8,717.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,361,250 shares of the insurance provider’s stock worth $96,172,000 after acquiring an additional 1,345,811 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Roth Mkm upped their price target on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group increased their target price on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. UBS Group increased their target price on AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, November 4th. TD Cowen assumed coverage on AXIS Capital in a research note on Friday, October 4th. They set a “buy” rating and a $118.00 target price on the stock. Finally, Bank of America increased their target price on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, AXIS Capital presently has an average rating of “Moderate Buy” and a consensus price target of $95.86.

AXIS Capital Stock Performance

AXS stock opened at $88.17 on Friday. The company has a market cap of $7.38 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 0.29 and a beta of 0.90. AXIS Capital Holdings Limited has a 1 year low of $53.49 and a 1 year high of $88.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s fifty day moving average price is $81.01 and its 200-day moving average price is $75.58.

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

AXIS Capital Dividend Announcement

The business also recently announced 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 yield of 2.00%. AXIS Capital’s dividend payout ratio is currently 24.41%.

About AXIS Capital

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.