AXIS Capital Holdings Limited (NYSE:AXS) Stock Holdings Lessened by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent 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 quarter. Tudor Investment Corp ET AL's holdings in AXIS Capital were worth $3,356,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new stake in AXIS Capital during the 4th quarter valued at $53,000. Versant Capital Management Inc raised its holdings in shares of AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock worth $59,000 after acquiring an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position 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. purchased a new position in AXIS Capital in the fourth quarter valued at about $60,000. Finally, Assetmark Inc. acquired a new position in AXIS Capital in the 4th quarter worth about $70,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXS has been the subject of several recent research reports. StockNews.com raised AXIS Capital from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Keefe, Bruyette & Woods decreased their target price on shares of AXIS Capital from $120.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. JMP Securities restated a "market perform" rating on shares of AXIS Capital in a report on Thursday. Wells Fargo & Company upped their price objective on shares of AXIS Capital from $97.00 to $100.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Finally, BMO Capital Markets began coverage on AXIS Capital in a report on Monday, January 13th. They set a "market perform" rating and a $93.00 target price on the stock. 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 MarketBeat.com, AXIS Capital currently has an average rating of "Moderate Buy" and a consensus target price of $106.75.

Insider Activity at AXIS Capital

In related news, Director Charles A. Davis sold 2,234,636 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $89.50, for a total value of $199,999,922.00. Following the completion of the transaction, the director now directly owns 4,543,170 shares of the company's stock, valued at $406,613,715. This trade represents a 32.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company's stock.

AXIS Capital Price Performance

Shares of NYSE:AXS opened at $99.84 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $95.04 and a 200 day moving average price of $90.61. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 3.96 and a beta of 0.67. AXIS Capital Holdings Limited has a twelve month low of $63.71 and a twelve month high of $101.42.

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

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Monday, March 31st. AXIS Capital's dividend payout ratio (DPR) is presently 14.25%.

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.

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