AXIS Capital Holdings Limited (NYSE:AXS) Stock Position Boosted by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lifted its position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 89.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,817 shares of the insurance provider's stock after purchasing an additional 10,778 shares during the period. Pallas Capital Advisors LLC's holdings in AXIS Capital were worth $2,287,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of AXIS Capital during the first quarter worth $33,000. Steward Partners Investment Advisory LLC acquired a new position in shares of AXIS Capital during the fourth quarter worth $53,000. EverSource Wealth Advisors LLC lifted its position in shares of AXIS Capital by 73.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock worth $59,000 after purchasing an additional 285 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of AXIS Capital during the fourth quarter worth $60,000. Finally, Assetmark Inc. acquired a new position in shares of AXIS Capital during the fourth quarter worth $70,000. 93.44% of the stock is owned by institutional investors and hedge funds.

AXIS Capital Stock Performance

Shares of AXS stock traded down $0.96 during trading hours on Friday, reaching $102.82. The stock had a trading volume of 544,781 shares, compared to its average volume of 605,680. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. AXIS Capital Holdings Limited has a twelve month low of $68.02 and a twelve month high of $107.19. The firm has a 50-day simple moving average of $99.09 and a 200-day simple moving average of $94.45. The firm has a market capitalization of $8.09 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 3.96 and a beta of 0.83.

AXIS Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, topping 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 business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter last year, the company earned $3.07 EPS. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts forecast 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 dividend on an annualized basis and a dividend yield of 1.71%. AXIS Capital's dividend payout ratio (DPR) is presently 17.46%.

Analyst Ratings Changes

A number of research firms have commented on AXS. Jefferies Financial Group increased their price objective on shares of AXIS Capital from $116.00 to $119.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Cowen reiterated a "buy" rating on shares of AXIS Capital in a research note on Wednesday, May 14th. Wells Fargo & Company increased their price objective on shares of AXIS Capital from $100.00 to $104.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded shares of AXIS Capital from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Finally, UBS Group increased their target price on shares of AXIS Capital from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.