Captrust Financial Advisors Has $852,000 Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Captrust Financial Advisors grew its position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 38.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,611 shares of the insurance provider's stock after buying an additional 2,681 shares during the period. Captrust Financial Advisors' holdings in AXIS Capital were worth $852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AXS. Steward Partners Investment Advisory LLC acquired a new position in AXIS Capital in the fourth quarter valued at about $53,000. EverSource Wealth Advisors LLC increased its holdings in AXIS Capital by 73.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock valued at $59,000 after buying an additional 285 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of AXIS Capital in the 4th quarter valued at approximately $60,000. Assetmark Inc. bought a new stake in shares of AXIS Capital during the 4th quarter worth approximately $70,000. Finally, Venturi Wealth Management LLC boosted its position in shares of AXIS Capital by 28.5% during the 4th quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider's stock worth $74,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Buying and Selling

In other news, Director Charles A. Davis sold 2,139,037 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total value of $199,999,959.50. Following the completion of the sale, the director now owns 2,404,133 shares of the company's stock, valued at approximately $224,786,435.50. This represents a 47.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on AXS shares. Cowen restated a "buy" rating on shares of AXIS Capital in a research report on Wednesday, May 14th. UBS Group upped their price objective on AXIS Capital from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research note on Thursday, May 1st. Wells Fargo & Company boosted their target price on AXIS Capital from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, 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 research note on Friday, April 11th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $107.75.

AXIS Capital Trading Down 0.0%

Shares of NYSE:AXS traded down $0.01 during midday trading on Tuesday, hitting $102.84. 460,428 shares of the stock were exchanged, compared to its average volume of 594,635. The business's 50-day moving average price is $96.49 and its 200 day moving average price is $92.26. AXIS Capital Holdings Limited has a 12 month low of $68.02 and a 12 month high of $103.67. 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 stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 3.96 and a beta of 0.82.

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

AXIS Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.44 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.76 dividend on an annualized basis and a yield of 1.71%. AXIS Capital's payout ratio is 17.46%.

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.