Good Steward Wealth Advisors LLC Makes New $298,000 Investment in Axis Capital Holdings Limited (NYSE:AXS)

Good Steward Wealth Advisors LLC acquired a new stake in Axis Capital Holdings Limited (NYSE:AXS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,977 shares of the insurance provider's stock, valued at approximately $298,000.

Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in Axis Capital by 1.1% in the fourth quarter. Rhumbline Advisers now owns 80,545 shares of the insurance provider's stock valued at $7,138,000 after acquiring an additional 842 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Axis Capital by 7,053.2% during the 4th quarter. Principal Financial Group Inc. now owns 353,941 shares of the insurance provider's stock valued at $31,366,000 after purchasing an additional 348,993 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Axis Capital by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,799 shares of the insurance provider's stock valued at $248,000 after purchasing an additional 137 shares during the period. Venturi Wealth Management LLC boosted its holdings in Axis Capital by 28.5% during 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. Finally, New York State Common Retirement Fund boosted its holdings in Axis Capital by 29.9% during the fourth quarter. New York State Common Retirement Fund now owns 93,078 shares of the insurance provider's stock worth $8,249,000 after buying an additional 21,418 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Axis Capital Stock Performance

NYSE AXS opened at $101.94 on Friday. 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 stock's 50 day simple moving average is $99.93 and its 200-day simple moving average is $94.69. The company has a market cap of $8.02 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.83. Axis Capital Holdings Limited has a 1-year low of $68.49 and a 1-year high of $107.19.

Axis Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.17 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the company earned $3.07 EPS. The firm's revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts anticipate 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 will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, June 30th. Axis Capital's dividend payout ratio is currently 17.46%.

Analyst Ratings Changes

A number of research analysts have weighed in on AXS shares. Wells Fargo & Company upped their price objective on shares of Axis Capital from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Jefferies Financial Group increased their price target on Axis Capital from $116.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. UBS Group raised their price objective on Axis Capital from $105.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Wall Street Zen raised Axis Capital from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Finally, JMP Securities reissued a "market perform" rating on shares of Axis Capital in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Axis Capital presently has an average rating of "Moderate Buy" and a consensus price target of $107.75.

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.

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