Focus Partners Wealth Buys 2,442 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Focus Partners Wealth raised its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 49.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,332 shares of the insurance provider's stock after buying an additional 2,442 shares during the period. Focus Partners Wealth's holdings in AXIS Capital were worth $650,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AXS. Dimensional Fund Advisors LP boosted its position in shares of AXIS Capital by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,144,247 shares of the insurance provider's stock valued at $367,265,000 after purchasing an additional 17,764 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of AXIS Capital by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,444,128 shares of the insurance provider's stock worth $305,219,000 after acquiring an additional 12,571 shares during the last quarter. American Century Companies Inc. raised its stake in shares of AXIS Capital by 1.7% during the 4th quarter. American Century Companies Inc. now owns 3,178,512 shares of the insurance provider's stock worth $281,680,000 after purchasing an additional 53,514 shares in the last quarter. AQR Capital Management LLC raised its position in AXIS Capital by 5.3% during the fourth quarter. AQR Capital Management LLC now owns 2,689,510 shares of the insurance provider's stock valued at $238,344,000 after acquiring an additional 134,157 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of AXIS Capital by 6.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,749,627 shares of the insurance provider's stock valued at $155,052,000 after purchasing an additional 111,187 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price target on AXIS Capital from $100.00 to $104.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. UBS Group boosted their price target on shares of AXIS Capital from $105.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods increased their target price on AXIS Capital from $114.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of AXIS Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $107.75.

AXIS Capital Price Performance

Shares of AXIS Capital stock traded up $0.88 during midday trading on Friday, reaching $100.61. The company had a trading volume of 504,642 shares, compared to its average volume of 594,875. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82. The stock has a fifty day simple moving average of $97.06 and a 200 day simple moving average of $92.81. AXIS Capital Holdings Limited has a 1-year low of $68.02 and a 1-year high of $103.85.

AXIS Capital (NYSE:AXS - Get Free Report) last issued 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. 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 18.16% and a return on equity of 18.89%. AXIS Capital's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.07 earnings per share. As a group, equities research analysts forecast that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Monday, June 30th. AXIS Capital's payout ratio is 17.46%.

Insider Buying and Selling at AXIS Capital

In other news, Director Charles A. Davis sold 2,139,037 shares of the business's 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 owns 2,404,133 shares of the company's stock, valued at $224,786,435.50. The trade was a 47.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company's stock.

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.