Robeco Institutional Asset Management B.V. Acquires 118,180 Shares of Axis Capital Holdings Limited $AXS

Key Points

• Robeco Institutional Asset Management B.V. boosted its stake in Axis Capital by 50.0% in Q4, acquiring 118,180 shares to hold 354,506 shares (about 0.46% of the company) valued at roughly $37.96 million.
• Axis Capital beat analysts' estimates for the quarter (EPS $3.25 vs $2.97; revenue $1.73B vs $1.33B), declared a $0.44 quarterly dividend ($1.76 annual, 1.8% yield), and has a consensus analyst rating of "Moderate Buy" with a $123.70 price target.

Robeco Institutional Asset Management B.V. grew its holdings in Axis Capital Holdings Limited (NYSE:AXS - Free Report) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 354,506 shares of the insurance provider's stock after acquiring an additional 118,180 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.46% of Axis Capital worth $37,964,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AXS. Royal Bank of Canada increased its holdings in shares of Axis Capital by 12.4% in the first quarter. Royal Bank of Canada now owns 63,457 shares of the insurance provider's stock worth $6,361,000 after acquiring an additional 7,023 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Axis Capital by 6.6% in the first quarter. Goldman Sachs Group Inc. now owns 205,553 shares of the insurance provider's stock worth $20,605,000 after acquiring an additional 12,680 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Axis Capital by 86.2% during the first quarter. Jane Street Group LLC now owns 47,277 shares of the insurance provider's stock worth $4,739,000 after buying an additional 21,892 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Axis Capital by 42.1% during the first quarter. Focus Partners Wealth now owns 10,417 shares of the insurance provider's stock worth $1,044,000 after buying an additional 3,085 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in shares of Axis Capital by 33.6% during the second quarter. Sivia Capital Partners LLC now owns 3,924 shares of the insurance provider's stock worth $407,000 after buying an additional 987 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Axis Capital Stock Up 1.8%

AXS stock opened at $99.89 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $102.35 and a two-hundred day moving average price of $100.94. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 1.94 and a beta of 0.63. Axis Capital Holdings Limited has a twelve month low of $88.07 and a twelve month high of $110.34.

Axis Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The insurance provider reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.97 by $0.28. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.33 billion. Axis Capital had a return on equity of 18.72% and a net margin of 15.37%.The business's revenue was up 17.8% compared to the same quarter last year. During the same period last year, the company earned $3.38 earnings per share. Analysts anticipate that Axis Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

Axis Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, March 31st. Axis Capital's dividend payout ratio (DPR) is currently 14.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Roth Mkm reiterated a "buy" rating and set a $120.00 price objective on shares of Axis Capital in a report on Thursday, January 29th. Bank of America decreased their price objective on Axis Capital from $119.00 to $115.00 and set a "neutral" rating for the company in a report on Thursday, January 29th. UBS Group reiterated a "buy" rating on shares of Axis Capital in a report on Monday, February 2nd. Royal Bank Of Canada increased their price objective on Axis Capital from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. Finally, Mizuho decreased their price objective on Axis Capital from $141.00 to $140.00 and set an "outperform" rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Axis Capital presently has an average rating of "Moderate Buy" and a consensus price target of $123.70.

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.

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