AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its holdings in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,874 shares of the insurance provider's stock after selling 6,226 shares during the period. Tudor Investment Corp ET AL's holdings in AXIS Capital were worth $3,356,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AXS. Franklin Resources Inc. lifted its holdings in AXIS Capital by 48.6% during the 3rd quarter. Franklin Resources Inc. now owns 371,557 shares of the insurance provider's stock worth $30,070,000 after purchasing an additional 121,437 shares in the last quarter. Summit Trail Advisors LLC bought a new position in shares of AXIS Capital during the 4th quarter valued at $300,000. Merit Financial Group LLC bought a new position in AXIS Capital during the 4th quarter valued at approximately $549,000. Elevate Capital Advisors LLC purchased a new stake in shares of AXIS Capital in the 4th quarter worth about $1,840,000. Finally, Versant Capital Management Inc raised its stake in AXIS Capital by 24.0% in the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock worth $59,000 after buying an additional 130 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AXS shares. Jefferies Financial Group lifted their price objective on AXIS Capital from $116.00 to $119.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Wells Fargo & Company boosted their price target on AXIS Capital from $100.00 to $104.00 and gave the stock an "equal weight" rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price target on shares of AXIS Capital from $114.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday. JMP Securities reissued a "market perform" rating on shares of AXIS Capital in a research note on Thursday, May 1st. Finally, StockNews.com raised AXIS Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $107.75.

Insider Buying and Selling

In other news, Director Charles A. Davis sold 2,139,037 shares of the firm's stock in a transaction 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 owns 2,404,133 shares in the company, valued at $224,786,435.50. This trade represents a 47.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company's stock.

AXIS Capital Stock Up 0.4 %

Shares of NYSE AXS traded up $0.38 during midday trading on Thursday, hitting $100.42. The company's stock had a trading volume of 107,403 shares, compared to its average volume of 597,509. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. AXIS Capital Holdings Limited has a 1 year low of $68.02 and a 1 year high of $101.42. The business's fifty day simple moving average is $95.28 and its two-hundred day simple moving average is $90.97.

AXIS Capital (NYSE:AXS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.53. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the company earned $3.07 earnings per share. The company's revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts predict that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.

AXIS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a dividend of $0.44 per share. The ex-dividend date was Monday, March 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.75%. AXIS Capital's dividend payout ratio (DPR) is 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.