AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lowered its position in AXIS Capital Holdings Limited (NYSE:AXS) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,423 shares of the insurance provider’s stock after selling 122 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in AXIS Capital were worth $1,278,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in AXIS Capital in the 3rd quarter worth $40,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in AXIS Capital by 32.6% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after buying an additional 148 shares in the last quarter. Versant Capital Management Inc lifted its holdings in AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock worth $59,000 after buying an additional 130 shares in the last quarter. Blue Trust Inc. lifted its holdings in AXIS Capital by 424.6% in the 3rd quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock worth $97,000 after buying an additional 985 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of AXIS Capital in the 3rd quarter worth about $99,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AXS has been the subject of several research analyst reports. TD Cowen boosted their target price on shares of AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company dropped their target price on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. UBS Group boosted their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Bank of America boosted their price objective on shares of AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their price objective on shares of AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.25.

AXIS Capital Stock Up 0.6 %

Shares of NYSE AXS opened at $88.02 on Friday. The stock has a market cap of $7.36 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.29 and a beta of 0.95. The firm has a 50 day moving average price of $89.69 and a 200 day moving average price of $81.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. AXIS Capital Holdings Limited has a 52-week low of $55.56 and a 52-week high of $94.89.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.16. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same quarter in the previous year, the firm posted $2.34 earnings per share. Analysts expect that AXIS Capital Holdings Limited will post 10.89 EPS for the current year.

AXIS Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, December 31st. AXIS Capital’s dividend payout ratio (DPR) is currently 24.41%.

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.