Ibex Wealth Advisors Invests $4.12 Million in AXIS Capital Holdings Limited (NYSE:AXS)

Ibex Wealth Advisors acquired a new position in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,050 shares of the insurance provider's stock, valued at approximately $4,115,000. Ibex Wealth Advisors owned approximately 0.05% of AXIS Capital at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Summit Trail Advisors LLC acquired a new stake in shares of AXIS Capital during the 4th quarter valued at about $300,000. Elevate Capital Advisors LLC purchased a new position in AXIS Capital during the fourth quarter worth approximately $1,840,000. JPMorgan Chase & Co. boosted its position in AXIS Capital by 3.3% during the fourth quarter. JPMorgan Chase & Co. now owns 133,675 shares of the insurance provider's stock worth $11,846,000 after purchasing an additional 4,303 shares in the last quarter. Barclays PLC raised its stake in shares of AXIS Capital by 53.6% during the 3rd quarter. Barclays PLC now owns 48,964 shares of the insurance provider's stock worth $3,898,000 after buying an additional 17,082 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of AXIS Capital during the 4th quarter worth approximately $246,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

AXIS Capital Trading Down 0.9%

AXS stock traded down $0.96 during trading on Friday, reaching $102.82. 544,781 shares of the stock were exchanged, compared to its average volume of 605,680. 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 business has a 50 day moving average price of $99.09 and a 200-day moving average price of $94.45. AXIS Capital Holdings Limited has a 1 year low of $68.02 and a 1 year high of $107.19. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 3.96 and a beta of 0.83.

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

AXIS Capital Announces Dividend

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

Analyst Ratings Changes

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

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.