Quantinno Capital Management LP Acquires 25,897 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Quantinno Capital Management LP lifted its holdings in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 103.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,928 shares of the insurance provider's stock after buying an additional 25,897 shares during the quarter. Quantinno Capital Management LP owned 0.06% of AXIS Capital worth $4,513,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AXS. Steward Partners Investment Advisory LLC purchased a new stake in shares of AXIS Capital during the 4th quarter worth $53,000. EverSource Wealth Advisors LLC boosted its holdings in 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 buying an additional 285 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in AXIS Capital during the fourth quarter worth about $60,000. Assetmark Inc. purchased a new position in AXIS Capital in the fourth quarter valued at about $70,000. Finally, Venturi Wealth Management LLC increased its holdings in AXIS Capital by 28.5% in the fourth quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider's stock valued at $74,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Transactions at AXIS Capital

In related news, Director Charles A. Davis sold 2,139,037 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the completion of the sale, the director now owns 2,404,133 shares of the company's stock, valued at approximately $224,786,435.50. This represents a 47.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

AXS has been the subject of several research analyst reports. Wall Street Zen raised AXIS Capital from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research note on Thursday, May 1st. Keefe, Bruyette & Woods boosted 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. Wells Fargo & Company raised 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. Finally, Cowen restated a "buy" rating on shares of AXIS Capital in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, AXIS Capital currently has an average rating of "Moderate Buy" and a consensus price target of $107.75.

AXIS Capital Trading Up 0.6%

Shares of AXIS Capital stock traded up $0.58 during trading hours on Friday, reaching $100.31. 114,544 shares of the company's stock were exchanged, compared to its average volume of 592,621. The company has a fifty day moving average of $96.94 and a 200-day moving average of $92.53. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a 52-week low of $68.02 and a 52-week high of $103.85. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82.

AXIS Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $3.07 EPS. Sell-side analysts forecast that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.76 annualized dividend and a yield of 1.75%. AXIS Capital's dividend payout ratio is presently 17.46%.

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.