Treasurer of the State of North Carolina Acquires 1,431 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Treasurer of the State of North Carolina increased its holdings in AXIS Capital Holdings Limited (NYSE:AXSFree Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,569 shares of the insurance provider’s stock after purchasing an additional 1,431 shares during the quarter. Treasurer of the State of North Carolina’s holdings in AXIS Capital were worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AXS. Steph & Co. boosted its holdings in AXIS Capital by 2.3% during the 4th quarter. Steph & Co. now owns 10,028 shares of the insurance provider’s stock valued at $555,000 after acquiring an additional 225 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of AXIS Capital by 14.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,833 shares of the insurance provider’s stock worth $101,000 after purchasing an additional 237 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of AXIS Capital by 1.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,830 shares of the insurance provider’s stock worth $821,000 after buying an additional 241 shares during the period. Raymond James Trust N.A. raised its holdings in AXIS Capital by 2.9% during the 4th quarter. Raymond James Trust N.A. now owns 8,688 shares of the insurance provider’s stock valued at $481,000 after buying an additional 246 shares during the last quarter. Finally, Intrust Bank NA boosted its position in AXIS Capital by 5.2% during the 4th quarter. Intrust Bank NA now owns 6,000 shares of the insurance provider’s stock valued at $332,000 after buying an additional 294 shares during the period. 93.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on AXS shares. StockNews.com raised shares of AXIS Capital from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods increased their price objective on AXIS Capital from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their target price on AXIS Capital from $57.00 to $63.00 and gave the company an “underweight” rating in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, AXIS Capital presently has a consensus rating of “Hold” and a consensus target price of $68.33.

Read Our Latest Report on AXIS Capital

Insider Activity at AXIS Capital

In other AXIS Capital news, Director W Marston Becker bought 3,025 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was acquired at an average price of $66.58 per share, with a total value of $201,404.50. Following the completion of the purchase, the director now owns 21,821 shares of the company’s stock, valued at $1,452,842.18. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Stanley A. Galanski purchased 2,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average price of $71.43 per share, with a total value of $142,860.00. Following the transaction, the director now directly owns 11,763 shares in the company, valued at $840,231.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Marston Becker acquired 3,025 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average cost of $66.58 per share, for a total transaction of $201,404.50. Following the completion of the transaction, the director now directly owns 21,821 shares in the company, valued at approximately $1,452,842.18. The disclosure for this purchase can be found here. Insiders acquired a total of 6,425 shares of company stock valued at $444,351 in the last three months. Company insiders own 0.50% of the company’s stock.

AXIS Capital Stock Performance

Shares of AXS opened at $72.08 on Friday. The company has a 50-day simple moving average of $67.13 and a two-hundred day simple moving average of $61.47. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $6.10 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.26 and a beta of 0.89. AXIS Capital Holdings Limited has a one year low of $52.02 and a one year high of $74.05.

AXIS Capital (NYSE:AXSGet Free Report) last released its earnings results on Thursday, May 2nd. The insurance provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.17. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.49 billion. AXIS Capital had a return on equity of 19.11% and a net margin of 10.34%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 EPS. On average, analysts anticipate that AXIS Capital Holdings Limited will post 10.1 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, June 28th. AXIS Capital’s dividend payout ratio is presently 26.91%.

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.

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

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