AXIS Capital Holdings Limited (NYSE:AXS) Shares Acquired by Cwm LLC

Cwm LLC lifted its position in AXIS Capital Holdings Limited (NYSE:AXS) by 118.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,841 shares of the insurance provider’s stock after purchasing an additional 1,539 shares during the period. Cwm LLC’s holdings in AXIS Capital were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of AXIS Capital in the fourth quarter valued at approximately $43,000. VisionPoint Advisory Group LLC purchased a new stake in AXIS Capital in the 3rd quarter worth $51,000. Daiwa Securities Group Inc. acquired a new position in AXIS Capital during the fourth quarter worth $55,000. CI Investments Inc. lifted its holdings in AXIS Capital by 2,642.2% during the third quarter. CI Investments Inc. now owns 2,989 shares of the insurance provider’s stock valued at $168,000 after purchasing an additional 2,880 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of AXIS Capital in the third quarter valued at about $181,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXS has been the subject of several research analyst reports. UBS Group upped their price target on shares of AXIS Capital from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company decreased their price objective on AXIS Capital from $59.00 to $57.00 and set an “underweight” rating on the stock in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $67.33.

Insider Activity

In other news, Director Stanley A. Galanski purchased 7,000 shares of AXIS Capital stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $58.45 per share, with a total value of $409,150.00. Following the transaction, the director now owns 9,763 shares in the company, valued at $570,647.35. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

AXIS Capital Price Performance

AXS stock opened at $65.39 on Monday. AXIS Capital Holdings Limited has a 1 year low of $51.61 and a 1 year high of $66.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.62 and a quick ratio of 0.60. The firm has a market capitalization of $5.54 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. The business has a 50 day simple moving average of $62.84 and a 200-day simple moving average of $58.73.

AXIS Capital (NYSE:AXS) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.17. AXIS Capital had a return on equity of 19.11% and a net margin of 10.34%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the business earned $2.33 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that AXIS Capital Holdings Limited will post 10.17 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Monday, March 4th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.76 annualized dividend and a yield of 2.69%. AXIS Capital’s payout ratio is 26.91%.

AXIS Capital Company 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.