Pallas Capital Advisors LLC Grows Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Pallas Capital Advisors LLC grew its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 89.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,817 shares of the insurance provider's stock after purchasing an additional 10,778 shares during the quarter. Pallas Capital Advisors LLC's holdings in AXIS Capital were worth $2,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AXS. NBC Securities Inc. acquired a new stake in shares of AXIS Capital during the 1st quarter worth about $33,000. Steward Partners Investment Advisory LLC acquired a new stake in AXIS Capital during the 4th quarter worth $53,000. EverSource Wealth Advisors LLC boosted its stake in AXIS Capital by 73.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock valued at $59,000 after acquiring an additional 285 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of AXIS Capital during the fourth quarter worth about $60,000. Finally, Assetmark Inc. acquired a new stake in shares of AXIS Capital in the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AXS shares. Wall Street Zen raised AXIS Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. 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 report on Friday, April 11th. UBS Group boosted their price objective on shares of AXIS Capital from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods upped their price objective on shares of AXIS Capital from $114.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, 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 report on Tuesday, May 6th. Three equities 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, the company currently has an average rating of "Moderate Buy" and an average price target of $107.75.

AXIS Capital Price Performance

AXS traded down $0.25 during trading on Friday, reaching $103.53. 50,431 shares of the stock were exchanged, compared to its average volume of 603,790. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 3.96 and a beta of 0.83. AXIS Capital Holdings Limited has a 1 year low of $68.02 and a 1 year high of $107.19. The business's 50 day moving average price is $98.80 and its two-hundred day moving average price is $94.37.

AXIS Capital (NYSE:AXS - Get Free Report) last issued its quarterly earnings data 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 net margin of 18.16% and a return on equity of 18.89%. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. As a group, equities research analysts anticipate 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 will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, June 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.70%. AXIS Capital's dividend payout ratio is currently 17.46%.

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.