Nebula Research & Development LLC Has $383,000 Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Nebula Research & Development LLC decreased its holdings in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 87.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,325 shares of the insurance provider's stock after selling 28,932 shares during the period. Nebula Research & Development LLC's holdings in AXIS Capital were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AXS. Dimensional Fund Advisors LP raised its stake in shares of AXIS Capital by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,144,247 shares of the insurance provider's stock valued at $367,265,000 after acquiring an additional 17,764 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of AXIS Capital by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,444,128 shares of the insurance provider's stock valued at $305,219,000 after purchasing an additional 12,571 shares during the period. American Century Companies Inc. grew its stake in shares of AXIS Capital by 1.7% during the fourth quarter. American Century Companies Inc. now owns 3,178,512 shares of the insurance provider's stock valued at $281,680,000 after acquiring an additional 53,514 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of AXIS Capital by 6.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,749,627 shares of the insurance provider's stock valued at $155,052,000 after purchasing an additional 111,187 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in AXIS Capital by 1.6% during the 4th quarter. Jennison Associates LLC now owns 1,650,965 shares of the insurance provider's stock valued at $146,309,000 after acquiring an additional 25,908 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of the business's stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AXS. BMO Capital Markets initiated coverage on shares of AXIS Capital in a report on Monday, January 13th. They set a "market perform" rating and a $93.00 target price on the stock. StockNews.com raised shares of AXIS Capital from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Jefferies Financial Group upped their target price on AXIS Capital from $116.00 to $119.00 and gave the company a "buy" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods reduced their price objective on AXIS Capital from $120.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, JMP Securities reiterated a "market perform" rating on shares of AXIS Capital in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, AXIS Capital presently has an average rating of "Moderate Buy" and a consensus target price of $107.25.

AXIS Capital Price Performance

AXIS Capital stock traded up $0.70 during mid-day trading on Tuesday, hitting $100.29. 89,941 shares of the company were exchanged, compared to its average volume of 600,032. The company has a market capitalization of $7.89 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82. AXIS Capital Holdings Limited has a 1-year low of $65.49 and a 1-year high of $102.00. 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 business has a fifty day moving average of $95.15 and a 200 day moving average of $90.84.

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, beating the consensus estimate of $2.64 by $0.53. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the previous year, the company posted $3.07 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts expect that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders 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 1.75%. The ex-dividend date was Monday, March 31st. AXIS Capital's dividend payout ratio (DPR) is presently 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.