2,751 Shares in AXIS Capital Holdings Limited (NYSE:AXS) Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC purchased a new position in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,751 shares of the insurance provider's stock, valued at approximately $244,000.

A number of other large investors have also added to or reduced their stakes in AXS. Parkside Financial Bank & Trust boosted its stake in AXIS Capital by 7.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,931 shares of the insurance provider's stock worth $171,000 after acquiring an additional 134 shares in the last quarter. CIBC Asset Management Inc boosted its stake in AXIS Capital by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,799 shares of the insurance provider's stock worth $248,000 after purchasing an additional 137 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of AXIS Capital by 21.6% in 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 in the last quarter. Baird Financial Group Inc. lifted its stake in shares of AXIS Capital by 0.4% in the fourth quarter. Baird Financial Group Inc. now owns 40,915 shares of the insurance provider's stock worth $3,626,000 after buying an additional 163 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of AXIS Capital by 28.5% in the fourth quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider's stock worth $74,000 after buying an additional 185 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AXS. JMP Securities reiterated a "market perform" rating on shares of AXIS Capital in a research note on Thursday, May 1st. UBS Group upped their target price on shares of AXIS Capital from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. 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. Keefe, Bruyette & Woods upped their target price on shares of AXIS Capital from $114.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Cowen reissued a "buy" rating on shares of AXIS Capital in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $107.75.

Insider Activity at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total value of $199,999,959.50. Following the completion of the transaction, the director now directly owns 2,404,133 shares of the company's stock, valued at $224,786,435.50. This trade represents a 47.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

AXIS Capital Price Performance

AXS stock traded up $0.49 during midday trading on Friday, hitting $103.04. The company's stock had a trading volume of 73,082 shares, compared to its average volume of 592,116. AXIS Capital Holdings Limited has a 12 month low of $68.02 and a 12 month high of $103.85. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82. The company has a 50 day moving average of $97.55 and a two-hundred day moving average of $93.18.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.53. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.83 billion. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. AXIS Capital's quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $3.07 earnings per share. On average, analysts expect that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a dividend of $0.44 per share. The ex-dividend date is Monday, June 30th. This represents a $1.76 annualized dividend and a yield of 1.71%. AXIS Capital's payout ratio is 17.46%.

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.