AXIS Capital Holdings Limited (NYSE:AXS) Shares Bought by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,417,464 shares of the insurance provider’s stock after purchasing an additional 157,110 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 1.67% of AXIS Capital worth $100,144,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in AXIS Capital by 8,717.0% during the second quarter. Victory Capital Management Inc. now owns 1,361,250 shares of the insurance provider’s stock worth $96,172,000 after buying an additional 1,345,811 shares in the last quarter. Norges Bank purchased a new position in AXIS Capital in the fourth quarter valued at $52,845,000. Janus Henderson Group PLC raised its position in shares of AXIS Capital by 30.7% in the first 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 during the period. Levin Capital Strategies L.P. purchased a new stake in shares of AXIS Capital during the 1st quarter worth about $17,065,000. Finally, Scout Investments Inc. grew its position in shares of AXIS Capital by 61.3% during the 1st quarter. Scout Investments Inc. now owns 550,215 shares of the insurance provider’s stock valued at $35,769,000 after acquiring an additional 209,181 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

AXIS Capital Stock Performance

NYSE AXS opened at $77.91 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.62 and a quick ratio of 0.62. The stock’s 50 day simple moving average is $75.36 and its 200-day simple moving average is $70.04. The company has a market cap of $6.60 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.25 and a beta of 0.89. AXIS Capital Holdings Limited has a 1-year low of $52.90 and a 1-year high of $80.50.

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

AXIS Capital Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.