Brookwood Investment Group LLC purchased a new stake in Axis Capital Holdings Limited (NYSE:AXS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,017 shares of the insurance provider's stock, valued at approximately $1,405,000.
Several other hedge funds and other institutional investors have also made changes to their positions in AXS. NBC Securities Inc. purchased a new position in Axis Capital in the first quarter valued at approximately $33,000. IFP Advisors Inc lifted its holdings in Axis Capital by 1,542.9% in the 1st quarter. IFP Advisors Inc now owns 575 shares of the insurance provider's stock valued at $58,000 after purchasing an additional 540 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Axis Capital by 21.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the insurance provider's stock worth $80,000 after buying an additional 160 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Axis Capital during the 4th quarter worth approximately $88,000. Finally, Private Trust Co. NA grew its stake in shares of Axis Capital by 36.9% in the first quarter. Private Trust Co. NA now owns 1,184 shares of the insurance provider's stock valued at $119,000 after buying an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. JMP Securities restated a "market perform" rating on shares of Axis Capital in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Axis Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Keefe, Bruyette & Woods lifted their target price on Axis Capital from $118.00 to $121.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Cowen reiterated a "buy" rating on shares of Axis Capital in a report on Wednesday, May 14th. Finally, Wells Fargo & Company upped their price target on Axis Capital from $104.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Axis Capital currently has an average rating of "Moderate Buy" and an average target price of $108.25.
Read Our Latest Report on AXS
Axis Capital Stock Performance
Shares of AXS traded up $0.98 on Friday, reaching $96.91. 415,425 shares of the stock traded hands, compared to its average volume of 676,233. The stock's 50-day moving average price is $100.82 and its 200-day moving average price is $96.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 1.17 and a beta of 0.81. Axis Capital Holdings Limited has a 12 month low of $70.16 and a 12 month high of $107.19.
Axis Capital (NYSE:AXS - Get Free Report) last announced its quarterly 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 19.01% and a net margin of 14.54%. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same period in the prior year, the business posted $3.07 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. Equities analysts forecast that Axis Capital Holdings Limited will post 11.19 EPS for the current fiscal year.
Axis Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a dividend of $0.44 per share. The ex-dividend date was Monday, June 30th. This represents a $1.76 dividend on an annualized basis and a yield of 1.82%. Axis Capital's dividend payout ratio is 17.46%.
About Axis Capital
(
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.
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