Voloridge Investment Management LLC Has $239,000 Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Voloridge Investment Management LLC lowered its stake in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 51.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,692 shares of the insurance provider's stock after selling 2,847 shares during the period. Voloridge Investment Management LLC's holdings in AXIS Capital were worth $239,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of AXIS Capital by 53.6% in the third quarter. Barclays PLC now owns 48,964 shares of the insurance provider's stock worth $3,898,000 after acquiring an additional 17,082 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in AXIS Capital by 3.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,549 shares of the insurance provider's stock valued at $580,000 after acquiring an additional 239 shares during the last quarter. Blue Trust Inc. increased its stake in AXIS Capital by 38.0% during the fourth quarter. Blue Trust Inc. now owns 1,679 shares of the insurance provider's stock worth $149,000 after acquiring an additional 462 shares during the last quarter. KBC Group NV raised its position in AXIS Capital by 74.6% in the fourth quarter. KBC Group NV now owns 3,668 shares of the insurance provider's stock valued at $325,000 after purchasing an additional 1,567 shares during the period. Finally, R Squared Ltd acquired a new position in shares of AXIS Capital in the 4th quarter valued at $82,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

AXIS Capital Stock Down 0.5%

AXS traded down $0.53 during trading on Wednesday, hitting $104.35. The company had a trading volume of 748,749 shares, compared to its average volume of 596,621. AXIS Capital Holdings Limited has a 1-year low of $68.02 and a 1-year high of $105.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $8.21 billion, a PE ratio of 8.45, a P/E/G ratio of 3.96 and a beta of 0.82. The business has a 50-day moving average of $97.95 and a 200-day moving average of $93.71.

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

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, June 30th. AXIS Capital's dividend payout ratio (DPR) is currently 17.46%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Jefferies Financial Group raised their price target on AXIS Capital from $116.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Cowen reaffirmed a "buy" rating on shares of AXIS Capital in a research report on Wednesday, May 14th. 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 note on Tuesday, May 6th. JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research report on Thursday, May 1st. Finally, 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 note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $107.75.

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.