Balyasny Asset Management L.P. Has $53.07 Million Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Balyasny Asset Management L.P. lessened its holdings in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 598,890 shares of the insurance provider's stock after selling 305,493 shares during the period. Balyasny Asset Management L.P. owned approximately 0.72% of AXIS Capital worth $53,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AXS. Dimensional Fund Advisors LP increased its position in AXIS Capital by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,144,247 shares of the insurance provider's stock valued at $367,265,000 after acquiring an additional 17,764 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in AXIS Capital by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,444,128 shares of the insurance provider's stock worth $305,219,000 after acquiring an additional 12,571 shares in the last quarter. American Century Companies Inc. grew its stake in AXIS Capital by 1.7% during the 4th quarter. American Century Companies Inc. now owns 3,178,512 shares of the insurance provider's stock valued at $281,680,000 after purchasing an additional 53,514 shares in the last quarter. AQR Capital Management LLC raised its position in shares of AXIS Capital by 5.3% during the 4th quarter. AQR Capital Management LLC now owns 2,689,510 shares of the insurance provider's stock valued at $238,344,000 after acquiring an additional 134,157 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in AXIS Capital by 6.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,749,627 shares of the insurance provider's stock valued at $155,052,000 after buying an additional 111,187 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

AXIS Capital Trading Up 0.5 %

Shares of AXIS Capital stock traded up $0.48 on Friday, hitting $101.23. 283,541 shares of the company traded hands, compared to its average volume of 596,496. The stock's 50 day moving average price is $95.47 and its 200-day moving average price is $91.30. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.96 billion, a PE ratio of 8.20, a PEG ratio of 3.96 and a beta of 0.82. AXIS Capital Holdings Limited has a 52 week low of $68.02 and a 52 week high of $101.61.

AXIS Capital (NYSE:AXS - Get Free Report) last posted 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 return on equity of 18.89% and a net margin of 18.16%. The company had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same period in the previous year, the firm posted $3.07 EPS. AXIS Capital's revenue was up 6.8% compared to the same quarter last year. Equities research analysts predict that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.

AXIS Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.76 dividend on an annualized basis and a yield of 1.74%. AXIS Capital's dividend payout ratio (DPR) is presently 17.46%.

Insider Buying and Selling at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital 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 of the company's stock, valued at $224,786,435.50. The trade was a 47.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

AXS has been the subject of a number of recent analyst reports. StockNews.com upgraded AXIS Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. UBS Group upped their price target on AXIS Capital from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Jefferies Financial Group raised their price target on shares of AXIS Capital from $116.00 to $119.00 and gave the company a "buy" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods boosted their target price on AXIS Capital from $114.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, BMO Capital Markets assumed coverage on shares of 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $107.75.

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.