Cwm LLC Purchases 25,063 Shares of Axis Capital Holdings Limited (NYSE:AXS)

CWM LLC lifted its position in Axis Capital Holdings Limited (NYSE:AXS - Free Report) by 81.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,721 shares of the insurance provider's stock after buying an additional 25,063 shares during the period. CWM LLC owned approximately 0.07% of Axis Capital worth $5,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Axis Capital during the first quarter worth $33,000. Steward Partners Investment Advisory LLC acquired a new position in Axis Capital during the fourth quarter valued at $53,000. EverSource Wealth Advisors LLC raised its position in Axis Capital by 73.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock valued at $59,000 after buying an additional 285 shares during the period. Nomura Asset Management Co. Ltd. raised 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 valued at $80,000 after buying an additional 160 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Axis Capital during the fourth quarter valued at $88,000. Institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

AXS has been the subject of several recent analyst reports. Jefferies Financial Group upped their price target on Axis Capital from $116.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on Axis Capital from $118.00 to $121.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Cowen reissued a "buy" rating on shares of Axis Capital in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on Axis Capital from $104.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen raised Axis Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $108.25.

Axis Capital Price Performance

Shares of Axis Capital stock traded up $0.09 during trading on Friday, hitting $97.09. The stock had a trading volume of 324,207 shares, compared to its average volume of 627,039. Axis Capital Holdings Limited has a 12 month low of $70.16 and a 12 month high of $107.19. The business's 50-day moving average is $101.20 and its 200 day moving average is $95.99. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 1.17 and a beta of 0.81. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.29.

Axis Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.53. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.83 billion. Axis Capital had a net margin of 14.54% and a return on equity of 19.01%. The company's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.07 earnings per share. As a group, sell-side analysts anticipate that Axis Capital Holdings Limited will post 11.19 earnings per share for the current year.

Axis Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Monday, June 30th. Axis Capital's payout ratio is currently 17.46%.

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.