6,190 Shares in Axis Capital Holdings Limited $AXS Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Axis Capital Holdings worth approximately $620,000, purchasing 6,190 shares in the first quarter.
• Institutional investors own 93.44% of Axis Capital's stock, with several hedge funds adjusting their positions during the same period.
• Analysts have mixed opinions on Axis Capital, with a consensus rating of "Moderate Buy" and a target price averaging $111.43.

Dynamic Technology Lab Private Ltd purchased a new stake in Axis Capital Holdings Limited (NYSE:AXS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,190 shares of the insurance provider's stock, valued at approximately $620,000.

Several other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in Axis Capital by 95.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,852,398 shares of the insurance provider's stock valued at $185,685,000 after buying an additional 903,107 shares during the period. AQR Capital Management LLC boosted its stake in Axis Capital by 22.3% during the first quarter. AQR Capital Management LLC now owns 3,290,411 shares of the insurance provider's stock valued at $328,580,000 after buying an additional 600,901 shares during the period. Synergy Asset Management LLC bought a new stake in Axis Capital during the first quarter valued at $26,499,000. Woodline Partners LP bought a new stake in Axis Capital during the fourth quarter valued at $19,443,000. Finally, GAMMA Investing LLC boosted its stake in Axis Capital by 11,415.5% during the first quarter. GAMMA Investing LLC now owns 185,745 shares of the insurance provider's stock valued at $18,619,000 after buying an additional 184,132 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Axis Capital

In other news, Director Henry B. Smith sold 3,500 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $98.67, for a total value of $345,345.00. Following the completion of the sale, the director owned 47,295 shares of the company's stock, valued at approximately $4,666,597.65. The trade was a 6.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel J. Draper sold 4,305 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $97.57, for a total value of $420,038.85. Following the transaction, the insider owned 16,269 shares in the company, valued at approximately $1,587,366.33. This represents a 20.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,205 shares of company stock valued at $1,188,048. 0.70% of the stock is currently owned by corporate insiders.

Axis Capital Trading Down 0.2%

Shares of NYSE AXS traded down $0.16 during midday trading on Friday, reaching $99.14. The company had a trading volume of 573,021 shares, compared to its average volume of 522,276. Axis Capital Holdings Limited has a one year low of $76.46 and a one year high of $107.19. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.26. The firm's fifty day moving average price is $97.02 and its 200-day moving average price is $97.87. The stock has a market cap of $7.75 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 1.45 and a beta of 0.77.

Axis Capital (NYSE:AXS - Get Free Report) last released its earnings results on Tuesday, July 29th. The insurance provider reported $3.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.88 by $0.41. Axis Capital had a return on equity of 18.77% and a net margin of 14.30%.The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $2.93 EPS. Axis Capital's revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities research analysts anticipate that Axis Capital Holdings Limited will post 11.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AXS shares. UBS Group reissued a "buy" rating and set a $119.00 price objective (up previously from $115.00) on shares of Axis Capital in a research note on Monday, August 4th. Keefe, Bruyette & Woods lifted their price target on Axis Capital from $118.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Wells Fargo & Company lifted 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. Finally, Wall Street Zen lowered Axis Capital from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $111.43.

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.