Algert Global LLC Has $7.04 Million Stake in AXIS Capital Holdings Limited (NYSE:AXS)

Algert Global LLC trimmed its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,454 shares of the insurance provider's stock after selling 7,557 shares during the period. Algert Global LLC owned approximately 0.09% of AXIS Capital worth $7,041,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of AXIS Capital in the fourth quarter worth approximately $53,000. Versant Capital Management Inc lifted its holdings in AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock worth $59,000 after purchasing an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in AXIS Capital by 73.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 285 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of AXIS Capital in the fourth quarter valued at approximately $60,000. Finally, Assetmark Inc. acquired a new stake in shares of AXIS Capital in the fourth quarter worth $70,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Buying and Selling at AXIS Capital

In other news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total value of $199,999,959.50. Following the completion of the transaction, the director now owns 2,404,133 shares in the company, valued at approximately $224,786,435.50. The trade was a 47.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

AXS has been the subject of a number of research analyst reports. StockNews.com raised shares of AXIS Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. UBS Group increased their target price on AXIS Capital from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods increased their price objective on AXIS Capital from $114.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday. JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research report on Thursday, May 1st. Finally, Wells Fargo & Company increased their price target on shares of AXIS Capital from $100.00 to $104.00 and gave the company an "equal weight" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.75.

AXIS Capital Price Performance

Shares of AXS stock traded up $0.48 during trading hours on Friday, hitting $101.23. The company had a trading volume of 283,541 shares, compared to its average volume of 596,496. AXIS Capital Holdings Limited has a 12 month low of $68.02 and a 12 month high of $101.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The firm's fifty day moving average is $95.47 and its 200 day moving average is $91.30. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 3.96 and a beta of 0.82.

AXIS Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $0.53. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.83 billion. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. The business's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.07 earnings per share. On average, sell-side 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Monday, March 31st. AXIS Capital's dividend payout ratio is currently 17.46%.

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.