Forum Financial Management LP Invests $254,000 in AXIS Capital Holdings Limited (NYSE:AXS)

Forum Financial Management LP acquired a new position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,870 shares of the insurance provider's stock, valued at approximately $254,000.

A number of other large investors also recently added to or reduced their stakes in AXS. Farringdon Capital Ltd. acquired a new position in AXIS Capital during the fourth quarter valued at approximately $517,000. Marshall Wace LLP grew its holdings in shares of AXIS Capital by 3,139.5% in the 4th quarter. Marshall Wace LLP now owns 133,013 shares of the insurance provider's stock valued at $11,788,000 after buying an additional 128,907 shares during the period. Zacks Investment Management increased its position in shares of AXIS Capital by 3.5% in the 4th quarter. Zacks Investment Management now owns 18,961 shares of the insurance provider's stock valued at $1,680,000 after buying an additional 644 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of AXIS Capital by 210.3% in the 4th quarter. NewEdge Advisors LLC now owns 8,008 shares of the insurance provider's stock valued at $710,000 after buying an additional 5,427 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its stake in AXIS Capital by 1.4% during the 4th quarter. Ceredex Value Advisors LLC now owns 148,650 shares of the insurance provider's stock worth $13,173,000 after buying an additional 2,100 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on AXS shares. StockNews.com upgraded AXIS Capital from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Keefe, Bruyette & Woods lowered their price objective on shares of AXIS Capital from $120.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group boosted their price objective on shares of AXIS Capital from $116.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, April 11th. BMO Capital Markets began coverage on AXIS Capital in a research note on Monday, January 13th. They issued a "market perform" rating and a $93.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.75.

Insider Buying and Selling at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,234,636 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $89.50, for a total transaction of $199,999,922.00. Following the completion of the sale, the director now owns 4,543,170 shares of the company's stock, valued at $406,613,715. This trade represents a 32.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company's stock.

AXIS Capital Stock Up 0.6 %

Shares of AXIS Capital stock traded up $0.58 on Monday, reaching $95.46. 89,120 shares of the company were exchanged, compared to its average volume of 600,584. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 3.96 and a beta of 0.67. 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 one year low of $60.85 and a one year high of $101.42. The company has a 50-day moving average of $94.61 and a 200 day moving average of $90.17.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. On average, equities research analysts forecast that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Monday, March 31st. AXIS Capital's payout ratio is currently 14.25%.

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.