Interval Partners LP Sells 29,100 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Interval Partners LP cut its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,405 shares of the insurance provider's stock after selling 29,100 shares during the period. Interval Partners LP owned about 0.10% of AXIS Capital worth $7,303,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AXS. Steward Partners Investment Advisory LLC bought a new position in AXIS Capital during the fourth quarter worth about $53,000. EverSource Wealth Advisors LLC boosted its holdings in AXIS Capital by 73.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock worth $59,000 after buying an additional 285 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in AXIS Capital during the fourth quarter worth about $60,000. Assetmark Inc. bought a new position in AXIS Capital during the fourth quarter worth about $70,000. Finally, Venturi Wealth Management LLC boosted its holdings in AXIS Capital by 28.5% during the fourth quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider's stock worth $74,000 after buying an additional 185 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

AXIS Capital Stock Performance

Shares of NYSE AXS traded up $2.27 during midday trading on Thursday, hitting $100.95. 499,139 shares of the company's stock were exchanged, compared to its average volume of 594,790. 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 Holdings Limited has a 12 month low of $68.02 and a 12 month high of $102.36. The company's 50 day moving average price is $95.87 and its 200 day moving average price is $91.63. The firm has a market capitalization of $7.94 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82.

AXIS Capital (NYSE:AXS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $3.17 EPS for the quarter, topping the consensus estimate of $2.64 by $0.53. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the company posted $3.07 EPS. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, analysts predict that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a dividend of $0.44 per share. The ex-dividend date was Monday, March 31st. This represents a $1.76 annualized dividend and a dividend yield of 1.74%. AXIS Capital's dividend payout ratio is currently 17.46%.

Insider Transactions at AXIS Capital

In other 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 transaction of $199,999,959.50. Following the completion of the transaction, the director now directly owns 2,404,133 shares in the company, valued at approximately $224,786,435.50. The trade was a 47.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AXS shares. JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research report on Thursday, May 1st. StockNews.com raised AXIS Capital from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Jefferies Financial Group raised their price target on AXIS Capital from $116.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Cowen reaffirmed a "buy" rating on shares of AXIS Capital in a research report on Wednesday. Finally, Wells Fargo & Company raised their price target on AXIS Capital from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.