Ibex Wealth Advisors acquired a new stake in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of AXS. Barclays PLC boosted 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 valued at $3,898,000 after buying an additional 17,082 shares during the last quarter. Choreo LLC bought a new position in AXIS Capital during the 4th quarter valued at $220,000. Sumitomo Mitsui Trust Group Inc. bought a new position in AXIS Capital during the 4th quarter valued at $248,000. Savant Capital LLC grew its holdings in AXIS Capital by 0.6% during the 4th quarter. Savant Capital LLC now owns 46,627 shares of the insurance provider's stock worth $4,132,000 after acquiring an additional 283 shares in the last quarter. Finally, Elevate Capital Advisors LLC bought a new stake in shares of AXIS Capital in the 4th quarter worth about $1,840,000. Institutional investors and hedge funds own 93.44% of the company's stock.
Analyst Ratings Changes
AXS has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of AXIS Capital from $116.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Wall Street Zen upgraded AXIS Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Wells Fargo & Company upped their price target on AXIS Capital from $100.00 to $104.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods raised their price objective on AXIS Capital from $114.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, JMP Securities reissued a "market perform" rating on shares of AXIS Capital in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.75.
Check Out Our Latest Research Report on AXS
AXIS Capital Stock Performance
Shares of AXS traded up $2.79 during midday trading on Thursday, hitting $103.76. 612,572 shares of the stock traded hands, compared to its average volume of 699,018. The business's 50 day moving average price is $98.47 and its two-hundred day moving average price is $94.28. The firm has a market capitalization of $8.16 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 3.96 and a beta of 0.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. AXIS Capital Holdings Limited has a 1-year low of $68.02 and a 1-year high of $107.19.
AXIS Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 EPS for the quarter, beating the consensus estimate of $2.64 by $0.53. The company had revenue of $1.52 billion for 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 was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.07 earnings per share. Equities research analysts predict 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. Shareholders of record on Monday, June 30th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.76 dividend on an annualized basis and a yield of 1.70%. AXIS Capital's dividend payout ratio (DPR) is presently 17.46%.
About AXIS Capital
(
Free Report)
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.
Featured Stories
Before you consider AXIS Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AXIS Capital wasn't on the list.
While AXIS Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
