Two Sigma Investments LP Has $12.19 Million Stock Position in AXIS Capital Holdings Limited (NYSE:AXS)

Two Sigma Investments LP decreased its position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,582 shares of the insurance provider's stock after selling 15,438 shares during the period. Two Sigma Investments LP owned approximately 0.16% of AXIS Capital worth $12,193,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of AXIS Capital during the 4th quarter worth $53,000. EverSource Wealth Advisors LLC grew its holdings in shares of AXIS Capital by 73.8% during the 4th 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 stake in shares of AXIS Capital during the 4th quarter worth $60,000. Assetmark Inc. acquired a new stake in shares of AXIS Capital during the 4th quarter worth $70,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of AXIS Capital by 28.5% during the 4th quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider's stock worth $74,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

AXIS Capital Trading Up 0.1%

Shares of AXS stock traded up $0.15 during mid-day trading on Thursday, reaching $101.62. 43,926 shares of the stock traded hands, compared to its average volume of 591,796. The stock's fifty day simple moving average is $97.45 and its two-hundred day simple moving average is $93.05. AXIS Capital Holdings Limited has a 1-year low of $68.02 and a 1-year high of $103.85. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27.

AXIS Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings results 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 return on equity of 18.89% and a net margin of 18.16%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the firm posted $3.07 earnings per share. The business's revenue for the quarter was up 6.8% on a year-over-year basis. On average, research analysts anticipate that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, June 30th. AXIS Capital's payout ratio is 17.46%.

Wall Street Analyst Weigh In

AXS has been the topic of several analyst reports. Jefferies Financial Group increased their target price on AXIS Capital from $116.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Cowen reaffirmed a "buy" rating on shares of AXIS Capital in a research note on Wednesday, May 14th. UBS Group raised their price objective on AXIS Capital from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Wall Street Zen raised AXIS Capital from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, AXIS Capital presently has a consensus rating of "Moderate Buy" and an average target price of $107.75.

Insider Activity

In related news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total value of $199,999,959.50. Following the transaction, the director now directly owns 2,404,133 shares of the company's stock, valued at $224,786,435.50. The trade was a 47.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company's stock.

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.