Wealth Enhancement Advisory Services LLC Grows Position in AXIS Capital Holdings Limited (NYSE:AXS)

Wealth Enhancement Advisory Services LLC increased its position in AXIS Capital Holdings Limited (NYSE:AXS) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,463 shares of the insurance provider’s stock after buying an additional 198 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in AXIS Capital were worth $1,548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AXS. True Wealth Design LLC purchased a new position in shares of AXIS Capital in the third quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of AXIS Capital by 32.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 148 shares during the last quarter. Versant Capital Management Inc increased its holdings in AXIS Capital by 24.0% during the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 130 shares during the period. Blue Trust Inc. raised its position in AXIS Capital by 424.6% during the 3rd quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 985 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in AXIS Capital in the 3rd quarter worth approximately $99,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

AXIS Capital Stock Up 0.6 %

Shares of AXIS Capital stock opened at $88.35 on Thursday. AXIS Capital Holdings Limited has a 1 year low of $53.88 and a 1 year high of $94.89. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.31 and a beta of 0.95. The company has a 50-day moving average of $89.03 and a 200 day moving average of $80.92. 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, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.16. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the firm earned $2.34 earnings per share. As a group, sell-side analysts anticipate that AXIS Capital Holdings Limited will post 10.83 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Tuesday, December 31st. AXIS Capital’s dividend payout ratio (DPR) is 24.41%.

Analyst Ratings Changes

AXS has been the topic of several research analyst reports. TD Cowen boosted their target price on AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group boosted their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods raised their target price on shares of AXIS Capital from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Bank of America lifted their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group increased their price target on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, AXIS Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.25.

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.