Schonfeld Strategic Advisors LLC Has $2.69 Million Stake in AXIS Capital Holdings Limited (NYSE:AXS)

Schonfeld Strategic Advisors LLC cut its holdings in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 45.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,343 shares of the insurance provider's stock after selling 25,548 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in AXIS Capital were worth $2,689,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of AXIS Capital in the fourth quarter valued at about $53,000. Versant Capital Management Inc lifted its stake in AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock valued at $59,000 after acquiring an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in AXIS Capital by 73.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock worth $59,000 after acquiring an additional 285 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of AXIS Capital during the 4th quarter worth approximately $60,000. Finally, Assetmark Inc. acquired a new stake in shares of AXIS Capital in the fourth quarter valued at approximately $70,000. 93.44% of the stock is owned by institutional investors.

AXIS Capital Stock Performance

AXS stock traded up $0.48 during midday trading on Friday, reaching $101.23. 283,541 shares of the company were exchanged, compared to its average volume of 596,496. The business has a 50-day moving average price of $95.47 and a two-hundred day moving average price of $91.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82. AXIS Capital Holdings Limited has a one year low of $68.02 and a one year high of $101.61.

AXIS Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share 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 firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same period in the prior year, the firm earned $3.07 EPS. The business's revenue was up 6.8% on a year-over-year basis. Equities research analysts forecast that AXIS Capital Holdings Limited will post 11.19 EPS for the current year.

AXIS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Monday, March 31st. AXIS Capital's dividend payout ratio is 17.46%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AXS. Jefferies Financial Group raised their target price 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. JMP Securities reiterated a "market perform" rating on shares of AXIS Capital in a report on Thursday, May 1st. BMO Capital Markets started coverage on AXIS Capital in a research note on Monday, January 13th. They issued a "market perform" rating and a $93.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on AXIS Capital from $114.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of AXIS Capital from $100.00 to $104.00 and gave the stock an "equal weight" rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, AXIS Capital has a consensus rating of "Moderate Buy" and an average price target of $107.75.

Insiders Place Their Bets

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of the 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 transaction, the director now owns 2,404,133 shares in the company, valued at $224,786,435.50. This 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. Company insiders own 0.70% of the company's stock.

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.