2,477 Shares in AXIS Capital Holdings Limited (NYSE:AXS) Acquired by Choreo LLC

Choreo LLC acquired a new position in shares of AXIS Capital Holdings Limited (NYSE:AXS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,477 shares of the insurance provider’s stock, valued at approximately $220,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Independent Advisor Alliance grew its stake in shares of AXIS Capital by 0.4% in the third quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider’s stock valued at $2,591,000 after buying an additional 125 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of AXIS Capital by 0.4% in the third quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider’s stock valued at $2,542,000 after buying an additional 127 shares in the last quarter. Versant Capital Management Inc grew its stake 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 buying an additional 130 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of AXIS Capital by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 15,394 shares of the insurance provider’s stock valued at $1,226,000 after buying an additional 170 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its stake in AXIS Capital by 3.8% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 4,971 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AXS. UBS Group boosted their target price on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. BMO Capital Markets assumed coverage on AXIS Capital in a report on Monday, January 13th. They set a “market perform” rating and a $93.00 price target for the company. TD Cowen lifted their price target on 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 price target on AXIS Capital from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price target on AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $99.88.

AXIS Capital Trading Down 1.4 %

Shares of AXS opened at $89.99 on Friday. The stock’s 50-day moving average is $89.76 and its two-hundred day moving average is $83.87. The stock has a market cap of $7.53 billion, a PE ratio of 7.29, a P/E/G ratio of 4.01 and a beta of 0.95. AXIS Capital Holdings Limited has a 12 month low of $60.06 and a 12 month high of $94.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60.

AXIS Capital (NYSE:AXS) last announced its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. Equities analysts forecast that AXIS Capital Holdings Limited will post 11.36 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.44 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.76 dividend on an annualized basis and a yield of 1.96%. AXIS Capital’s payout ratio is currently 14.25%.

Insider Buying and Selling at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,234,636 shares of AXIS Capital stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $89.50, for a total value of $199,999,922.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

AXIS Capital 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.