Quadrature Capital Ltd Sells 681 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Quadrature Capital Ltd trimmed its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXSFree Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,697 shares of the insurance provider’s stock after selling 681 shares during the quarter. Quadrature Capital Ltd’s holdings in AXIS Capital were worth $1,367,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AXS. Bruce G. Allen Investments LLC bought a new stake in AXIS Capital during the fourth quarter valued at approximately $43,000. VisionPoint Advisory Group LLC bought a new stake in AXIS Capital during the third quarter valued at approximately $51,000. Daiwa Securities Group Inc. bought a new stake in AXIS Capital during the fourth quarter valued at approximately $55,000. Parkside Financial Bank & Trust grew its position in AXIS Capital by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,833 shares of the insurance provider’s stock valued at $101,000 after buying an additional 237 shares during the period. Finally, TFO Wealth Partners LLC lifted its holdings in AXIS Capital by 61,675.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,471 shares of the insurance provider’s stock valued at $137,000 after purchasing an additional 2,467 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Transactions at AXIS Capital

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

AXIS Capital Price Performance

Shares of NYSE AXS opened at $71.23 on Tuesday. The firm’s 50 day simple moving average is $67.25 and its 200-day simple moving average is $61.67. AXIS Capital Holdings Limited has a 12 month low of $52.02 and a 12 month high of $74.05. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.26 and a beta of 0.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.62 and a quick ratio of 0.62.

AXIS Capital (NYSE:AXSGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.17. AXIS Capital had a return on equity of 19.11% and a net margin of 10.34%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $2.33 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that AXIS Capital Holdings Limited will post 10.1 EPS for the current year.

AXIS Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.76 annualized dividend and a dividend yield of 2.47%. AXIS Capital’s dividend payout ratio is presently 26.91%.

Analysts Set New Price Targets

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

View Our Latest Research Report on AXS

AXIS Capital Company Profile

(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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