Css LLC Il Invests $250,000 in AXIS Capital Holdings Limited (NYSE:AXS)

CSS LLC IL acquired a new position in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,817 shares of the insurance provider's stock, valued at approximately $250,000.

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

AXIS Capital Trading Down 1.0%

AXS traded down $1.05 during trading on Wednesday, reaching $101.62. The company had a trading volume of 85,946 shares, compared to its average volume of 592,653. The firm's 50-day simple moving average is $97.32 and its 200 day simple moving average is $92.99. 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 company has a market cap of $7.99 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 3.96 and a beta of 0.82. AXIS Capital Holdings Limited has a 12-month low of $68.02 and a 12-month high of $103.85.

AXIS Capital (NYSE:AXS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company earned $3.07 EPS. The firm's quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a $0.44 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.73%. AXIS Capital's payout ratio is 17.46%.

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 shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the transaction, the director now owns 2,404,133 shares in the company, valued at approximately $224,786,435.50. This trade represents a 47.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on AXS. Wall Street Zen upgraded AXIS Capital from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Jefferies Financial Group raised their target price on AXIS Capital from $116.00 to $119.00 and gave the company a "buy" rating in a research note on Friday, April 11th. UBS Group increased their price objective on shares of AXIS Capital from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Wells Fargo & Company upped their target price on shares of AXIS Capital from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, JMP Securities reiterated a "market perform" rating on shares of AXIS Capital in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $107.75.

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.