787 Shares in AXIS Capital Holdings Limited (NYSE:AXS) Bought by Assetmark Inc.

Assetmark Inc. acquired a new position in AXIS Capital Holdings Limited (NYSE:AXS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 787 shares of the insurance provider’s stock, valued at approximately $70,000.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in AXIS Capital during the third quarter valued at $40,000. Steward Partners Investment Advisory LLC purchased a new position in AXIS Capital during the fourth quarter valued at $53,000. Versant Capital Management Inc lifted its position in AXIS Capital by 24.0% during the fourth 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in AXIS Capital during the fourth quarter valued at $60,000. Finally, Venturi Wealth Management LLC lifted its position in AXIS Capital by 28.5% during the fourth quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider’s stock valued at $74,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

AXIS Capital Trading Up 2.2 %

Shares of AXS stock opened at $93.66 on Friday. AXIS Capital Holdings Limited has a 12-month low of $60.45 and a 12-month high of $98.11. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average price is $91.06 and its 200-day moving average price is $86.33. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 3.96 and a beta of 0.91.

AXIS Capital (NYSE:AXS) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, topping 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 research analysts predict that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.76 annualized dividend and a dividend yield of 1.88%. AXIS Capital’s dividend payout ratio (DPR) is 14.25%.

Insiders Place Their Bets

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the sale, the director now directly owns 2,404,133 shares of the company’s stock, valued at $224,786,435.50. The trade was a 47.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AXS shares. BMO Capital Markets started coverage on AXIS Capital in a research report on Monday, January 13th. They set a “market perform” rating and a $93.00 target price on the stock. Wells Fargo & Company lowered their price objective on AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, March 4th. JMP Securities restated a “market perform” rating on shares of AXIS Capital in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on AXIS Capital from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.25.

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.