Axis Capital Holdings Limited (NYSE:AXS) Position Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in Axis Capital Holdings Limited (NYSE:AXS - Free Report) by 66.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,727 shares of the insurance provider's stock after selling 266,504 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.17% of Axis Capital worth $13,305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Axis Capital by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,144,247 shares of the insurance provider's stock worth $367,265,000 after buying an additional 17,764 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Axis Capital by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,444,128 shares of the insurance provider's stock valued at $305,219,000 after acquiring an additional 12,571 shares during the period. AQR Capital Management LLC increased its holdings in Axis Capital by 5.3% in the 4th quarter. AQR Capital Management LLC now owns 2,689,510 shares of the insurance provider's stock worth $238,344,000 after acquiring an additional 134,157 shares in the last quarter. Janus Henderson Group PLC raised its stake in Axis Capital by 1.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,042,925 shares of the insurance provider's stock worth $181,045,000 after acquiring an additional 20,976 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Axis Capital by 6.8% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Axis Capital Stock Down 0.9%

Shares of AXS traded down $0.87 during midday trading on Monday, reaching $96.24. The stock had a trading volume of 381,030 shares, compared to its average volume of 627,076. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.17 and a beta of 0.81. The company's fifty day simple moving average is $101.20 and its two-hundred day simple moving average is $96.09. Axis Capital Holdings Limited has a 1-year low of $70.16 and a 1-year high of $107.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.68 and a quick ratio of 0.68.

Axis Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 EPS for the quarter, topping the consensus estimate of $2.64 by $0.53. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.83 billion. Axis Capital had a return on equity of 19.01% and a net margin of 14.54%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.07 earnings per share. Equities research analysts expect that Axis Capital Holdings Limited will post 11.19 earnings per share for the current year.

Axis Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, June 30th. Axis Capital's dividend payout ratio (DPR) is presently 17.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AXS. Cowen restated a "buy" rating on shares of Axis Capital in a research report on Wednesday, May 14th. Wall Street Zen upgraded Axis Capital from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Jefferies Financial Group boosted their target price on Axis Capital from $116.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company raised their price target 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. Finally, JMP Securities reissued a "market perform" rating on shares of Axis Capital in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.

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.