2,817 Shares in AXIS Capital Holdings Limited (NYSE:AXS) Bought by Css LLC Il

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

Other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of AXIS Capital during the fourth quarter worth about $53,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 285 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of AXIS Capital in the 4th quarter valued at approximately $60,000. Assetmark Inc. acquired a new position in shares of AXIS Capital in the fourth quarter valued at approximately $70,000. Finally, Venturi Wealth Management LLC raised its stake in shares of AXIS Capital by 28.5% during the fourth quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider's stock worth $74,000 after purchasing an additional 185 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AXS shares. Jefferies Financial Group lifted their price objective on shares of AXIS Capital from $116.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Wall Street Zen upgraded shares of AXIS Capital from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. JMP Securities reissued a "market perform" rating on shares of AXIS Capital in a report on Thursday, May 1st. Wells Fargo & Company lifted their price objective on AXIS Capital from $100.00 to $104.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, AXIS Capital presently has a consensus rating of "Moderate Buy" and an average target price of $107.75.

Insider Buying and Selling

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction dated 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 completion of the transaction, the director now owns 2,404,133 shares in the company, valued at approximately $224,786,435.50. The trade was a 47.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company's stock.

AXIS Capital Price Performance

AXS stock opened at $99.59 on Friday. The firm has a 50 day moving average of $96.94 and a 200-day moving average of $92.53. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 3.96 and a beta of 0.82. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. 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 released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.53. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.83 billion. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. AXIS Capital's quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $3.07 EPS. As a group, equities analysts expect that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Monday, June 30th. AXIS Capital's dividend payout ratio (DPR) is presently 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.

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