DekaBank Deutsche Girozentrale Buys Shares of 33,944 AXIS Capital Holdings Limited (NYSE:AXS)

DekaBank Deutsche Girozentrale purchased a new position in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,944 shares of the insurance provider's stock, valued at approximately $1,785,000.

Other institutional investors also recently bought and sold shares of the company. Summit Global Investments lifted its position in AXIS Capital by 173.9% in the third quarter. Summit Global Investments now owns 81,197 shares of the insurance provider's stock worth $4,577,000 after buying an additional 51,557 shares during the last quarter. Graham Capital Management L.P. lifted its position in shares of AXIS Capital by 721.0% during the third quarter. Graham Capital Management L.P. now owns 58,670 shares of the insurance provider's stock worth $3,307,000 after purchasing an additional 51,524 shares during the last quarter. Sei Investments Co. lifted its position in shares of AXIS Capital by 3.9% during the third quarter. Sei Investments Co. now owns 323,408 shares of the insurance provider's stock worth $18,230,000 after purchasing an additional 12,019 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of AXIS Capital during the third quarter worth $5,767,000. Finally, Vanguard Group Inc. lifted its position in shares of AXIS Capital by 2.5% during the third quarter. Vanguard Group Inc. now owns 8,632,025 shares of the insurance provider's stock worth $486,587,000 after purchasing an additional 207,233 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

AXIS Capital Stock Down 0.4 %

AXS traded down $0.25 on Friday, hitting $61.91. The company had a trading volume of 488,216 shares, compared to its average volume of 580,654. The stock has a fifty day moving average price of $62.37 and a 200-day moving average price of $58.17. AXIS Capital Holdings Limited has a 12-month low of $51.61 and a 12-month high of $65.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 1.20 and a beta of 0.80.

AXIS Capital (NYSE:AXS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.94 earnings per share for the quarter, topping analysts' consensus estimates of ($1.25) by $4.19. AXIS Capital had a return on equity of 19.25% and a net margin of 6.67%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. Analysts predict that AXIS Capital Holdings Limited will post 10.35 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Monday, March 4th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.84%. AXIS Capital's payout ratio is 43.78%.

Insider Transactions at AXIS Capital

In other news, Director Stanley A. Galanski bought 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $58.45 per share, with a total value of $409,150.00. Following the completion of the acquisition, the director now directly owns 9,763 shares of the company's stock, valued at approximately $570,647.35. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

AXS has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on AXIS Capital from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday. UBS Group raised their price target on AXIS Capital from $77.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, February 5th. StockNews.com lowered AXIS Capital from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Finally, Wells Fargo & Company cut their price target on AXIS Capital from $59.00 to $57.00 and set an "underweight" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, AXIS Capital presently has an average rating of "Hold" and an average price target of $67.33.

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.