GSA Capital Partners LLP Has $1.26 Million Stake in Axis Capital Holdings Limited (NYSE:AXS)

GSA Capital Partners LLP grew its position in Axis Capital Holdings Limited (NYSE:AXS - Free Report) by 208.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,577 shares of the insurance provider's stock after purchasing an additional 8,506 shares during the quarter. GSA Capital Partners LLP's holdings in Axis Capital were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. purchased a new position in Axis Capital in the 1st quarter worth about $33,000. IFP Advisors Inc raised its holdings in shares of Axis Capital by 1,542.9% in the 1st quarter. IFP Advisors Inc now owns 575 shares of the insurance provider's stock valued at $58,000 after purchasing an additional 540 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of 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 purchasing an additional 160 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Axis Capital in the 4th quarter valued at $88,000. Finally, Private Trust Co. NA lifted its stake in shares of Axis Capital by 36.9% during the 1st quarter. Private Trust Co. NA now owns 1,184 shares of the insurance provider's stock worth $119,000 after purchasing an additional 319 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Axis Capital Stock Performance

Shares of NYSE AXS traded down $0.64 during mid-day trading on Friday, hitting $93.20. The company had a trading volume of 690,430 shares, compared to its average volume of 692,460. Axis Capital Holdings Limited has a 12 month low of $70.16 and a 12 month high of $107.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.69 and a quick ratio of 0.68. The firm has a market cap of $7.33 billion, a P/E ratio of 8.96, a PEG ratio of 1.46 and a beta of 0.81. The business's 50-day simple moving average is $100.17 and its 200-day simple moving average is $96.55.

Axis Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $3.29 EPS for the quarter, topping analysts' consensus estimates of $2.88 by $0.41. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.68 billion. Axis Capital had a return on equity of 18.77% and a net margin of 14.30%. The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $2.93 EPS. As a group, analysts predict that Axis Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

Axis Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, June 30th. Axis Capital's dividend payout ratio is currently 16.92%.

Wall Street Analyst Weigh In

AXS has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price target on shares of Axis Capital from $116.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Wells Fargo & Company boosted their target price 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. UBS Group lifted their price target on Axis Capital from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods increased their price objective on shares of Axis Capital from $118.00 to $121.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Finally, Cowen reiterated a "buy" rating on shares of Axis Capital in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Axis Capital has an average rating of "Moderate Buy" and an average price target of $110.86.

Axis Capital Company 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.