Diversified Trust Co Has $510,000 Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Diversified Trust Co lifted its holdings in AXIS Capital Holdings Limited (NYSE:AXSGet Rating) by 94.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,441 shares of the insurance provider’s stock after acquiring an additional 4,090 shares during the quarter. Diversified Trust Co’s holdings in AXIS Capital were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AXS. Barrow Hanley Mewhinney & Strauss LLC raised its position in AXIS Capital by 1.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,866,970 shares of the insurance provider’s stock worth $156,164,000 after purchasing an additional 43,469 shares during the last quarter. Dimensional Fund Advisors LP raised its position in AXIS Capital by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,765,196 shares of the insurance provider’s stock worth $150,619,000 after purchasing an additional 38,390 shares during the last quarter. American Century Companies Inc. raised its position in AXIS Capital by 4.4% in the 4th quarter. American Century Companies Inc. now owns 2,459,017 shares of the insurance provider’s stock worth $133,943,000 after purchasing an additional 103,992 shares during the last quarter. First Trust Advisors LP raised its position in AXIS Capital by 0.5% in the 4th quarter. First Trust Advisors LP now owns 1,434,243 shares of the insurance provider’s stock worth $78,123,000 after purchasing an additional 7,678 shares during the last quarter. Finally, Jennison Associates LLC raised its position in AXIS Capital by 21.4% in the 4th quarter. Jennison Associates LLC now owns 1,380,610 shares of the insurance provider’s stock worth $75,202,000 after purchasing an additional 243,693 shares during the last quarter. 93.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of AXIS Capital stock opened at $54.94 on Thursday. The firm has a fifty day moving average of $56.80 and a two-hundred day moving average of $55.80. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 1.73 and a beta of 0.90. AXIS Capital Holdings Limited has a 52 week low of $44.49 and a 52 week high of $61.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.59 and a current ratio of 0.59.

AXIS Capital (NYSE:AXSGet Rating) last issued its earnings results on Wednesday, April 27th. The insurance provider reported $2.09 EPS for the quarter, beating the consensus estimate of $1.74 by $0.35. AXIS Capital had a net margin of 12.09% and a return on equity of 11.84%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, research analysts forecast that AXIS Capital Holdings Limited will post 6.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, June 29th. AXIS Capital’s dividend payout ratio is currently 23.92%.

Separately, StockNews.com cut shares of AXIS Capital from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.67.

About AXIS Capital (Get Rating)

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.

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Institutional Ownership by Quarter for AXIS Capital (NYSE:AXS)

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