49,399 Shares in Axis Capital Holdings Limited $AXS Acquired by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC acquired 49,399 shares of Axis Capital Holdings Limited, valued at approximately $4.95 million, representing about 0.06% of the company.
• Analysts have recently set a new average price target of $111.43 for Axis Capital, with ratings ranging from "hold" to "buy."
• Shares of Axis Capital are currently down 1.9%, with a market cap of $7.46 billion and a reported earnings per share of $3.29 for the latest quarter.

Brandywine Global Investment Management LLC purchased a new stake in Axis Capital Holdings Limited (NYSE:AXS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 49,399 shares of the insurance provider's stock, valued at approximately $4,952,000. Brandywine Global Investment Management LLC owned about 0.06% of Axis Capital as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of Axis Capital in the 1st quarter valued at $33,000. IFP Advisors Inc boosted its holdings in shares of Axis Capital by 1,542.9% during the 1st quarter. IFP Advisors Inc now owns 575 shares of the insurance provider's stock valued at $58,000 after acquiring an additional 540 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Axis Capital by 36.9% during the 1st quarter. Private Trust Co. NA now owns 1,184 shares of the insurance provider's stock valued at $119,000 after acquiring an additional 319 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Axis Capital by 34.3% during the 1st quarter. US Bancorp DE now owns 1,628 shares of the insurance provider's stock valued at $163,000 after acquiring an additional 416 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Axis Capital by 14.9% during the 1st quarter. GAMMA Investing LLC now owns 1,853 shares of the insurance provider's stock valued at $186,000 after acquiring an additional 240 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Insider Activity

In other news, insider Daniel J. Draper sold 4,305 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $97.57, for a total value of $420,038.85. Following the transaction, the insider directly owned 16,269 shares of the company's stock, valued at $1,587,366.33. The trade was a 20.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 8,705 shares of company stock valued at $842,703. 0.70% of the stock is owned by insiders.

Axis Capital Trading Up 0.3%

Shares of NYSE:AXS traded up $0.2550 during midday trading on Friday, reaching $99.2150. The company's stock had a trading volume of 504,643 shares, compared to its average volume of 718,542. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.45 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a 50 day moving average price of $98.12 and a two-hundred day moving average price of $97.26. Axis Capital Holdings Limited has a fifty-two week low of $74.68 and a fifty-two week high of $107.19.

Axis Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.41. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.68 billion. Axis Capital had a return on equity of 18.77% and a net margin of 14.30%.The firm's revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.93 EPS. As a group, analysts forecast that Axis Capital Holdings Limited will post 11.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AXS. Keefe, Bruyette & Woods raised their price objective on Axis Capital from $118.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. UBS Group reaffirmed a "buy" rating and set a $119.00 target price (up from $115.00) on shares of Axis Capital in a report on Monday, August 4th. Wall Street Zen downgraded Axis Capital from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Cowen reaffirmed a "buy" rating on shares of Axis Capital in a report on Wednesday, May 14th. Finally, Wells Fargo & Company lifted their target price on Axis Capital from $104.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Axis Capital currently has a consensus rating of "Moderate Buy" and an average price target of $111.43.

About Axis Capital

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.