Raymond James & Associates Has $28.32 Million Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Raymond James & Associates reduced its position in shares of AXIS Capital Holdings Limited (NYSE:AXSFree Report) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 511,444 shares of the insurance provider’s stock after selling 16,501 shares during the period. Raymond James & Associates’ holdings in AXIS Capital were worth $28,319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Summit Global Investments lifted its position in shares of AXIS Capital by 173.9% during the 3rd quarter. Summit Global Investments now owns 81,197 shares of the insurance provider’s stock worth $4,577,000 after buying an additional 51,557 shares during the last quarter. Graham Capital Management L.P. boosted its stake in shares of AXIS Capital by 721.0% in the 3rd quarter. Graham Capital Management L.P. now owns 58,670 shares of the insurance provider’s stock valued at $3,307,000 after purchasing an additional 51,524 shares in the last quarter. Sei Investments Co. grew its holdings in shares of AXIS Capital by 3.9% during the 3rd quarter. Sei Investments Co. now owns 323,408 shares of the insurance provider’s stock valued at $18,230,000 after purchasing an additional 12,019 shares during the last quarter. Hsbc Holdings PLC acquired a new position in AXIS Capital during the 3rd quarter worth approximately $5,767,000. Finally, Ziegler Capital Management LLC lifted its stake in AXIS Capital by 52.5% in the 3rd quarter. Ziegler Capital Management LLC now owns 163,959 shares of the insurance provider’s stock valued at $9,243,000 after purchasing an additional 56,476 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of AXIS Capital from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. StockNews.com downgraded AXIS Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods lifted their target price on shares of AXIS Capital from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, UBS Group raised their price target on shares of AXIS Capital from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, AXIS Capital has an average rating of “Hold” and a consensus target price of $66.83.

Read Our Latest Report on AXIS Capital

AXIS Capital Stock Performance

NYSE:AXS opened at $65.02 on Friday. The company has a 50 day simple moving average of $61.14 and a two-hundred day simple moving average of $57.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. AXIS Capital Holdings Limited has a fifty-two week low of $51.61 and a fifty-two week high of $65.32. The company has a market capitalization of $5.49 billion, a PE ratio of 16.17, a P/E/G ratio of 1.28 and a beta of 0.79.

AXIS Capital (NYSE:AXSGet Free Report) last announced its earnings results on Wednesday, January 31st. The insurance provider reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.25) by $4.19. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. AXIS Capital had a net margin of 6.67% and a return on equity of 19.25%. Research analysts anticipate that AXIS Capital Holdings Limited will post 10.15 earnings per share for the current year.

AXIS Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Monday, March 4th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, March 1st. This represents a $1.76 annualized dividend and a yield of 2.71%. AXIS Capital’s dividend payout ratio is currently 43.78%.

Insiders Place Their Bets

In related news, Director Stanley A. Galanski acquired 7,000 shares of AXIS Capital stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $58.45 per share, with a total value of $409,150.00. Following the transaction, the director now directly owns 9,763 shares in the company, valued at approximately $570,647.35. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

About AXIS Capital

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AXIS Capital Holdings Limited (NYSE:AXSFree Report).

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

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