Custom Index Systems LLC Boosts Position in AXIS Capital Holdings Limited (NYSE:AXS)

Custom Index Systems LLC lifted its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,598 shares of the insurance provider’s stock after acquiring an additional 902 shares during the quarter. Custom Index Systems LLC’s holdings in AXIS Capital were worth $1,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AXS. Independent Advisor Alliance raised its position in shares of AXIS Capital by 0.4% in the 3rd quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider’s stock worth $2,591,000 after acquiring an additional 125 shares in the last quarter. Pathstone Holdings LLC raised its holdings in AXIS Capital by 0.4% in the third quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider’s stock worth $2,542,000 after purchasing an additional 127 shares in the last quarter. Versant Capital Management Inc lifted its position in AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock valued at $59,000 after buying an additional 130 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of AXIS Capital by 32.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock valued at $43,000 after buying an additional 148 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of AXIS Capital by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 15,394 shares of the insurance provider’s stock worth $1,226,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AXS shares. Bank of America lifted their price target 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. StockNews.com cut AXIS Capital from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group upped their price target on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. BMO Capital Markets started coverage on AXIS Capital in a report on Monday, January 13th. They issued a “market perform” rating and a $93.00 target price on the stock. Finally, TD Cowen increased their target price on AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.25.

AXIS Capital Stock Down 1.9 %

AXIS Capital stock opened at $90.98 on Friday. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 0.29 and a beta of 0.95. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a 12 month low of $55.56 and a 12 month high of $94.89. The stock has a fifty day simple moving average of $90.09 and a two-hundred day simple moving average of $82.50.

AXIS Capital (NYSE:AXS) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. Equities analysts predict that AXIS Capital Holdings Limited will post 11.45 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.93%. The ex-dividend date was Tuesday, December 31st. AXIS Capital’s dividend payout ratio is currently 14.25%.

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.