AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC decreased its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,623 shares of the insurance provider’s stock after selling 348 shares during the period. Measured Wealth Private Client Group LLC’s holdings in AXIS Capital were worth $410,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AXS. State Street Corp grew its holdings in AXIS Capital by 7.2% during the third quarter. State Street Corp now owns 1,675,417 shares of the insurance provider’s stock worth $134,110,000 after acquiring an additional 112,536 shares during the period. Jennison Associates LLC boosted its position in shares of AXIS Capital by 1.6% during the 4th quarter. Jennison Associates LLC now owns 1,650,965 shares of the insurance provider’s stock worth $146,309,000 after purchasing an additional 25,908 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of AXIS Capital by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 1,394,491 shares of the insurance provider’s stock worth $111,015,000 after purchasing an additional 33,241 shares during the period. Geode Capital Management LLC increased its holdings in shares of AXIS Capital by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,267,338 shares of the insurance provider’s stock valued at $100,921,000 after purchasing an additional 43,687 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of AXIS Capital by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,183,385 shares of the insurance provider’s stock valued at $94,209,000 after purchasing an additional 9,181 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

AXIS Capital Trading Up 1.7 %

AXIS Capital stock opened at $94.14 on Friday. The stock has a market cap of $7.87 billion, a PE ratio of 7.62, a P/E/G ratio of 3.87 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. The stock has a 50-day moving average price of $90.04 and a 200 day moving average price of $83.03. AXIS Capital Holdings Limited has a 52 week low of $57.95 and a 52 week high of $94.89.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. Equities research analysts predict that AXIS Capital Holdings Limited will post 11.36 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, December 31st. AXIS Capital’s dividend payout ratio (DPR) is 14.25%.

Insider Activity

In other AXIS Capital news, Director Charles A. Davis sold 2,234,636 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $89.50, for a total value of $199,999,922.00. Following the sale, the director now directly owns 4,543,170 shares of the company’s stock, valued at approximately $406,613,715. This trade represents a 32.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

AXS has been the subject of a number of research analyst reports. UBS Group increased their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods raised their price objective on AXIS Capital from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com downgraded AXIS Capital from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Bank of America raised their price target on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company decreased their price objective on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, AXIS Capital has a consensus rating of “Moderate Buy” and an average price target of $99.88.

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.