New York State Common Retirement Fund Sells 36,369 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

New York State Common Retirement Fund lowered its position in AXIS Capital Holdings Limited (NYSE:AXSFree Report) by 22.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,953 shares of the insurance provider’s stock after selling 36,369 shares during the quarter. New York State Common Retirement Fund’s holdings in AXIS Capital were worth $6,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of AXIS Capital by 447.2% in the first quarter. US Bancorp DE now owns 487 shares of the insurance provider’s stock valued at $30,000 after buying an additional 398 shares during the period. Lazard Asset Management LLC acquired a new position in shares of AXIS Capital in the first quarter valued at approximately $33,000. NewEdge Advisors LLC increased its stake in shares of AXIS Capital by 177.9% in the first quarter. NewEdge Advisors LLC now owns 842 shares of the insurance provider’s stock valued at $46,000 after buying an additional 539 shares during the period. Gyon Technologies Capital Management LP acquired a new position in shares of AXIS Capital in the fourth quarter valued at approximately $51,000. Finally, CWM LLC increased its stake in shares of AXIS Capital by 1,787.0% in the third quarter. CWM LLC now owns 1,302 shares of the insurance provider’s stock valued at $73,000 after buying an additional 1,233 shares during the period. Institutional investors and hedge funds own 89.61% of the company’s stock.

Insider Transactions at AXIS Capital

In related news, Director Stanley A. Galanski acquired 7,000 shares of AXIS Capital stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $58.45 per share, with a total value of $409,150.00. Following the transaction, the director now directly owns 9,763 shares in the company, valued at approximately $570,647.35. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

AXIS Capital Stock Performance

Shares of AXS stock opened at $60.16 on Friday. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.79. AXIS Capital Holdings Limited has a 52 week low of $51.25 and a 52 week high of $63.21. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $56.26 and a 200-day moving average of $55.92.

AXIS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Thursday, December 28th. AXIS Capital’s dividend payout ratio (DPR) is 43.78%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group upped their price objective on AXIS Capital from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Keefe, Bruyette & Woods increased their target price on shares of AXIS Capital from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. StockNews.com downgraded shares of AXIS Capital from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company increased their target price on shares of AXIS Capital from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, AXIS Capital currently has a consensus rating of “Hold” and a consensus target price of $66.00.

Read Our Latest Analysis on AXS

About AXIS Capital

(Free Report)

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine classes covering offshore energy, cargo, liability, kidnap and ransom, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.

See Also

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Institutional Ownership by Quarter for AXIS Capital (NYSE:AXS)

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