Sivia Capital Partners LLC bought a new position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,937 shares of the insurance provider's stock, valued at approximately $294,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of AXIS Capital during the 1st quarter worth about $33,000. Steward Partners Investment Advisory LLC acquired a new position in AXIS Capital in the fourth quarter valued at approximately $53,000. EverSource Wealth Advisors LLC boosted its holdings in AXIS Capital by 73.8% in the fourth 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 in the last quarter. SBI Securities Co. Ltd. acquired a new position in AXIS Capital in the fourth quarter valued at approximately $60,000. Finally, Assetmark Inc. acquired a new position in AXIS Capital in the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 93.44% of the company's stock.
AXIS Capital Stock Up 2.0%
AXIS Capital stock opened at $107.07 on Monday. AXIS Capital Holdings Limited has a twelve month low of $68.02 and a twelve month high of $107.19. The stock has a 50 day moving average of $98.18 and a two-hundred day moving average of $94.08. 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 stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 3.96 and a beta of 0.83.
AXIS Capital (NYSE:AXS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share 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 firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the company earned $3.07 earnings per share. The company's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts expect that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.
AXIS Capital Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, June 30th. AXIS Capital's dividend payout ratio (DPR) is presently 17.46%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on AXS. JMP Securities restated a "market perform" rating on shares of AXIS Capital in a report on Thursday, May 1st. UBS Group upped their price objective on shares of AXIS Capital from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Jefferies Financial Group upped their price objective 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. Cowen reissued a "buy" rating on shares of AXIS Capital in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods upped their target price on AXIS Capital from $114.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AXIS Capital has a consensus rating of "Moderate Buy" and an average target price of $107.75.
Read Our Latest Stock Analysis on AXIS Capital
AXIS Capital Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider AXIS Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AXIS Capital wasn't on the list.
While AXIS Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
