F M Investments LLC Buys Shares of 3,062 AXIS Capital Holdings Limited (NYSE:AXS)

F M Investments LLC bought a new position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,062 shares of the insurance provider's stock, valued at approximately $271,000.

A number of other hedge funds have also modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new stake in AXIS Capital in the 4th quarter valued at about $53,000. Versant Capital Management Inc lifted its position in 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 buying an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in AXIS Capital by 73.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock worth $59,000 after buying an additional 285 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in AXIS Capital in the 4th quarter valued at $60,000. Finally, Assetmark Inc. acquired a new stake in shares of AXIS Capital in the 4th quarter worth $70,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

AXIS Capital Stock Performance

Shares of AXS stock traded down $0.35 during trading hours on Friday, hitting $94.60. The stock had a trading volume of 265,048 shares, compared to its average volume of 604,725. The stock's 50 day moving average is $94.11 and its 200 day moving average is $89.43. The firm has a market capitalization of $7.44 billion, a PE ratio of 7.66, a PEG ratio of 3.96 and a beta of 0.67. AXIS Capital Holdings Limited has a twelve month low of $60.64 and a twelve month high of $101.42. 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 (NYSE:AXS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. As a group, research analysts forecast that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, March 31st. AXIS Capital's payout ratio is 14.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AXS shares. BMO Capital Markets assumed coverage on shares of AXIS Capital in a report on Monday, January 13th. They issued a "market perform" rating and a $93.00 price objective for the company. UBS Group upped their price target on AXIS Capital from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price objective on shares of AXIS Capital from $97.00 to $100.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Keefe, Bruyette & Woods cut their price target on AXIS Capital from $120.00 to $114.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, JMP Securities restated a "market perform" rating on shares of AXIS Capital in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.75.

Insider Transactions at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,234,636 shares of AXIS Capital stock in a transaction that occurred 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 sale, the director now owns 4,543,170 shares of the company's stock, valued at approximately $406,613,715. The trade was a 32.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company's stock.

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.