U.S. Capital Wealth Advisors LLC Invests $2.06 Million in Axis Capital Holdings Limited $AXS

Key Points

• U.S. Capital Wealth Advisors LLC has acquired a new stake in Axis Capital Holdings Limited, investing approximately $2.06 million for 19,879 shares during the second quarter.
• Axis Capital reported $3.29 earnings per share for the last quarter, surpassing expectations, while revenue increased 12.6% year-over-year to $1.63 billion.
• The company declared a quarterly dividend of $0.44 per share, with a dividend yield of 1.9%, and the ex-dividend date set for September 30th.

U.S. Capital Wealth Advisors LLC acquired a new stake in Axis Capital Holdings Limited (NYSE:AXS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,879 shares of the insurance provider's stock, valued at approximately $2,064,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its holdings in Axis Capital by 2.2% in the first quarter. Janney Montgomery Scott LLC now owns 6,694 shares of the insurance provider's stock valued at $671,000 after purchasing an additional 145 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of Axis Capital by 0.6% during the 1st quarter. Hancock Whitney Corp now owns 25,065 shares of the insurance provider's stock worth $2,513,000 after buying an additional 145 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Axis Capital by 2.0% in the 1st quarter. Cetera Investment Advisers now owns 8,231 shares of the insurance provider's stock valued at $825,000 after buying an additional 161 shares in the last quarter. Intrust Bank NA grew its position in shares of Axis Capital by 2.9% in the 1st quarter. Intrust Bank NA now owns 6,042 shares of the insurance provider's stock valued at $606,000 after buying an additional 170 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in Axis Capital by 7.8% during the 1st quarter. Miracle Mile Advisors LLC now owns 2,736 shares of the insurance provider's stock worth $274,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Axis Capital Stock Up 0.0%

AXS opened at $95.12 on Wednesday. Axis Capital Holdings Limited has a 52 week low of $77.21 and a 52 week high of $107.19. The business has a 50 day moving average price of $96.70 and a two-hundred day moving average price of $97.91. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.26. The company has a market cap of $7.44 billion, a PE ratio of 9.15, a P/E/G ratio of 1.39 and a beta of 0.77.

Axis Capital (NYSE:AXS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.41. Axis Capital had a return on equity of 18.77% and a net margin of 14.30%.The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business posted $2.93 EPS. The company's revenue was up 12.6% on a year-over-year basis. As a group, research analysts anticipate that Axis Capital Holdings Limited will post 11.19 EPS for the current year.

Axis Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.44 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.76 dividend on an annualized basis and a yield of 1.9%. Axis Capital's dividend payout ratio is presently 16.92%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AXS. Wall Street Zen downgraded shares of Axis Capital from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. UBS Group reissued a "buy" rating and issued a $119.00 target price (up from $115.00) on shares of Axis Capital in a research report on Monday, August 4th. Keefe, Bruyette & Woods lifted their price target on Axis Capital from $118.00 to $121.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company boosted their price objective on Axis Capital from $104.00 to $105.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $111.43.

Insider Buying and Selling at Axis Capital

In other news, Director Henry B. Smith sold 3,500 shares of Axis Capital stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $98.67, for a total value of $345,345.00. Following the sale, the director owned 47,295 shares of the company's stock, valued at $4,666,597.65. The trade was a 6.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel J. Draper sold 4,305 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $97.57, for a total transaction of $420,038.85. Following the transaction, the insider owned 16,269 shares in the company, valued at approximately $1,587,366.33. This trade represents a 20.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,205 shares of company stock valued at $1,188,048 in the last 90 days. Company insiders own 0.70% of the company's stock.

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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