AXIS Capital Holdings Limited (NYSE:AXS) Stock Position Lowered by Jump Financial LLC

Jump Financial LLC decreased its position in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 23.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,700 shares of the insurance provider's stock after selling 14,399 shares during the period. Jump Financial LLC owned approximately 0.06% of AXIS Capital worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AXS. Bruce G. Allen Investments LLC purchased a new position in shares of AXIS Capital during the 4th quarter valued at about $43,000. VisionPoint Advisory Group LLC purchased a new position in AXIS Capital during the third quarter valued at approximately $51,000. Daiwa Securities Group Inc. acquired a new position in AXIS Capital in the fourth quarter valued at approximately $55,000. Parkside Financial Bank & Trust boosted its position in AXIS Capital by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,833 shares of the insurance provider's stock worth $101,000 after purchasing an additional 237 shares in the last quarter. Finally, CWM LLC raised its position in shares of AXIS Capital by 118.2% in the fourth quarter. CWM LLC now owns 2,841 shares of the insurance provider's stock worth $157,000 after acquiring an additional 1,539 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Buying and Selling

In other AXIS Capital news, Director W Marston Becker purchased 3,025 shares of the firm's stock in a transaction on Monday, May 6th. The stock was bought at an average price of $66.58 per share, with a total value of $201,404.50. Following the transaction, the director now directly owns 21,821 shares of the company's stock, valued at approximately $1,452,842.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by insiders.

AXIS Capital Trading Up 0.2 %

AXIS Capital stock traded up $0.16 during trading on Monday, reaching $70.69. 816,988 shares of the company were exchanged, compared to its average volume of 652,069. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.62 and a quick ratio of 0.62. The stock's 50 day simple moving average is $63.55 and its two-hundred day simple moving average is $59.18. The company has a market capitalization of $5.98 billion, a P/E ratio of 10.78, a PEG ratio of 1.40 and a beta of 0.80. AXIS Capital Holdings Limited has a 52-week low of $51.61 and a 52-week high of $71.38.

AXIS Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.17. AXIS Capital had a net margin of 10.34% and a return on equity of 19.11%. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the business earned $2.33 earnings per share. AXIS Capital's revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that AXIS Capital Holdings Limited will post 10.1 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Monday, March 4th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, March 1st. AXIS Capital's payout ratio is 26.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of AXIS Capital from a "hold" rating to a "buy" rating in a research note on Friday, May 3rd. UBS Group lifted their price objective on AXIS Capital from $77.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, February 5th. Wells Fargo & Company raised their target price on AXIS Capital from $57.00 to $63.00 and gave the company an "underweight" rating in a research report on Friday. Finally, Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, AXIS Capital currently has an average rating of "Hold" and an average target price of $68.33.

About AXIS Capital

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.