Mirabella Financial Services LLP Reduces Stake in AXIS Capital Holdings Limited (NYSE:AXS)

Mirabella Financial Services LLP lowered its position in shares of AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,603 shares of the insurance provider's stock after selling 4,772 shares during the quarter. Mirabella Financial Services LLP owned about 0.06% of AXIS Capital worth $4,307,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AXS. Raymond James Financial Inc. acquired a new stake in shares of AXIS Capital during the 4th quarter worth approximately $88,175,000. Norges Bank bought a new position in AXIS Capital during the fourth quarter worth $88,147,000. FIL Ltd acquired a new stake in AXIS Capital in the fourth quarter worth $43,893,000. Massachusetts Financial Services Co. MA bought a new stake in AXIS Capital in the fourth quarter valued at $37,775,000. Finally, Swedbank AB acquired a new position in shares of AXIS Capital during the fourth quarter valued at about $31,118,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

AXIS Capital Stock Down 1.2 %

AXS stock traded down $1.17 during trading on Friday, reaching $94.48. The stock had a trading volume of 198,912 shares, compared to its average volume of 600,396. AXIS Capital Holdings Limited has a one year low of $60.64 and a one year high of $101.42. The company's 50 day moving average is $94.55 and its two-hundred day moving average is $89.93. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 7.64, a P/E/G ratio of 3.96 and a beta of 0.67.

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

AXIS Capital Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.76 dividend on an annualized basis and a yield of 1.86%. AXIS Capital's dividend payout ratio (DPR) is presently 14.25%.

Insiders Place Their Bets

In other news, Director Charles A. Davis sold 2,139,037 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the completion of the sale, the director now owns 2,404,133 shares in the company, valued at $224,786,435.50. This trade represents a 47.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

AXS has been the subject of several research reports. Keefe, Bruyette & Woods reduced their target price on AXIS Capital from $120.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on AXIS Capital from $97.00 to $100.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Jefferies Financial Group increased their target price on AXIS Capital from $116.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, April 11th. JMP Securities restated a "market perform" rating on shares of AXIS Capital in a report on Monday, February 3rd. Finally, UBS Group lifted their price objective on shares of AXIS Capital from $105.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, AXIS Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.75.

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.