Wealth Enhancement Advisory Services LLC Has $3.78 Million Holdings in Axis Capital Holdings Limited (NYSE:AXS)

Wealth Enhancement Advisory Services LLC raised its stake in Axis Capital Holdings Limited (NYSE:AXS - Free Report) by 36.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,666 shares of the insurance provider's stock after acquiring an additional 10,008 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Axis Capital were worth $3,776,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its holdings in shares of Axis Capital by 7.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,931 shares of the insurance provider's stock worth $171,000 after purchasing an additional 134 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Axis Capital by 21.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the insurance provider's stock worth $80,000 after buying an additional 160 shares during the period. Baird Financial Group Inc. lifted its stake in Axis Capital by 0.4% in the fourth quarter. Baird Financial Group Inc. now owns 40,915 shares of the insurance provider's stock valued at $3,626,000 after buying an additional 163 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Axis Capital by 7.8% during the first quarter. Miracle Mile Advisors LLC now owns 2,736 shares of the insurance provider's stock valued at $274,000 after acquiring an additional 197 shares during the period. Finally, Pitcairn Co. boosted its holdings in shares of Axis Capital by 3.1% during the fourth quarter. Pitcairn Co. now owns 7,989 shares of the insurance provider's stock valued at $708,000 after acquiring an additional 237 shares during the period. 93.44% of the stock is owned by institutional investors.

Axis Capital Price Performance

Shares of AXS stock traded up $0.39 during mid-day trading on Friday, hitting $103.20. 812,136 shares of the stock traded hands, compared to its average volume of 616,964. Axis Capital Holdings Limited has a twelve month low of $68.49 and a twelve month high of $107.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.68 and a current ratio of 0.68. The company's 50-day simple moving average is $100.74 and its 200-day simple moving average is $95.03. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.20 and a beta of 0.83.

Axis Capital (NYSE:AXS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.53. Axis Capital had a return on equity of 19.01% and a net margin of 14.54%. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter last year, the business posted $3.07 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts expect that Axis Capital Holdings Limited will post 11.19 earnings per share for the current year.

Axis Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.44 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.71%. Axis Capital's dividend payout ratio is currently 17.46%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted 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 report on Tuesday, May 6th. Cowen reiterated a "buy" rating on shares of Axis Capital in a research report on Wednesday, May 14th. UBS Group increased their price objective on Axis Capital from $105.00 to $115.00 and gave the stock a "buy" rating in a report 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, Keefe, Bruyette & Woods boosted their price target on Axis Capital from $114.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Axis Capital has a consensus rating of "Moderate Buy" and a consensus price target of $107.75.

Axis Capital 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.