Jane Street Group LLC Sells 26,771 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Jane Street Group LLC lessened its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 51.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,385 shares of the insurance provider's stock after selling 26,771 shares during the period. Jane Street Group LLC's holdings in AXIS Capital were worth $2,250,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AXS. Barclays PLC boosted its holdings in AXIS Capital by 53.6% in the 3rd quarter. Barclays PLC now owns 48,964 shares of the insurance provider's stock valued at $3,898,000 after purchasing an additional 17,082 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in AXIS Capital by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,463 shares of the insurance provider's stock valued at $1,548,000 after purchasing an additional 198 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in AXIS Capital in the 4th quarter valued at about $225,000. Merit Financial Group LLC acquired a new position in AXIS Capital in the 4th quarter valued at about $549,000. Finally, Cetera Trust Company N.A boosted its holdings in AXIS Capital by 14.0% in the 4th quarter. Cetera Trust Company N.A now owns 2,765 shares of the insurance provider's stock valued at $245,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analysts Set New Price Targets

AXS has been the topic of several recent analyst reports. Cowen restated a "buy" rating on shares of AXIS Capital in a report on Wednesday, May 14th. Jefferies Financial Group increased 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. Wells Fargo & Company increased 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. UBS Group increased their target price on shares of AXIS Capital from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods increased their price target on shares of AXIS Capital from $114.00 to $118.00 and gave the stock an "outperform" rating in a research note 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 company. According to data from MarketBeat.com, AXIS Capital presently has an average rating of "Moderate Buy" and a consensus target price of $107.75.

Insider Transactions at AXIS Capital

In related news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction dated 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 completion of 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 filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

AXIS Capital Price Performance

AXS traded up $0.37 on Monday, reaching $102.87. The company had a trading volume of 451,501 shares, compared to its average volume of 595,172. AXIS Capital Holdings Limited has a one year low of $68.02 and a one year high of $103.21. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $96.27 and a 200-day moving average of $92.09. The company has a market capitalization of $8.09 billion, a P/E ratio of 8.33, a PEG ratio of 3.96 and a beta of 0.82.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.17 EPS for the quarter, beating analysts' consensus estimates of $2.64 by $0.53. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.83 billion. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.07 earnings per share. As a group, equities research analysts anticipate that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Dividend Announcement

The business 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 payout ratio is 17.46%.

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.