673 Shares in AXIS Capital Holdings Limited (NYSE:AXS) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new stake in AXIS Capital Holdings Limited (NYSE:AXS) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 673 shares of the insurance provider’s stock, valued at approximately $60,000.

Several other hedge funds have also bought and sold shares of AXS. Connable Office Inc. purchased a new stake in AXIS Capital during the fourth quarter valued at approximately $219,000. SVB Wealth LLC purchased a new stake in AXIS Capital during the 4th quarter valued at $260,000. Parkside Financial Bank & Trust lifted its position in AXIS Capital by 7.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,931 shares of the insurance provider’s stock worth $171,000 after buying an additional 134 shares during the last quarter. QRG Capital Management Inc. boosted its stake in AXIS Capital by 4.3% during the fourth quarter. QRG Capital Management Inc. now owns 8,442 shares of the insurance provider’s stock worth $748,000 after buying an additional 350 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in AXIS Capital during the fourth quarter worth $1,673,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Transactions at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total value of $199,999,959.50. Following the sale, the director now directly owns 2,404,133 shares of the company’s stock, valued at approximately $224,786,435.50. This trade represents a 47.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their target price on AXIS Capital from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a report on Tuesday, March 4th. BMO Capital Markets began coverage on AXIS Capital in a report on Monday, January 13th. They set a “market perform” rating and a $93.00 price objective for the company. Finally, JMP Securities reiterated a “market perform” rating on shares of AXIS Capital in a research note on Monday, February 3rd. Three 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.88.

AXIS Capital Price Performance

AXIS Capital stock opened at $91.69 on Tuesday. The business has a 50 day simple moving average of $90.83 and a 200-day simple moving average of $86.04. AXIS Capital Holdings Limited has a 12 month low of $60.45 and a 12 month high of $98.11. 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 has a market capitalization of $7.41 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 3.96 and a beta of 0.91.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 EPS for the quarter, beating the consensus estimate 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 predict that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.44 per share. The ex-dividend date is Monday, March 31st. This represents a $1.76 annualized dividend and a dividend yield of 1.92%. AXIS Capital’s dividend payout ratio is currently 14.25%.

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.