AXIS Capital Holdings Limited (NYSE:AXS) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in AXIS Capital Holdings Limited (NYSE:AXSFree Report) by 32.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,473 shares of the insurance provider’s stock after purchasing an additional 1,587 shares during the quarter. Principal Financial Group Inc.’s holdings in AXIS Capital were worth $421,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other AXIS Capital news, Director Michael Millegan bought 1,400 shares of AXIS Capital stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average cost of $71.49 per share, with a total value of $100,086.00. Following the completion of the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $644,553.84. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Michael Millegan purchased 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of $71.49 per share, for a total transaction of $100,086.00. Following the transaction, the director now directly owns 9,016 shares of the company’s stock, valued at approximately $644,553.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stanley A. Galanski acquired 2,000 shares of AXIS Capital stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $71.43 per share, with a total value of $142,860.00. Following the completion of the purchase, the director now owns 11,763 shares in the company, valued at $840,231.09. The disclosure for this purchase can be found here. Insiders acquired a total of 6,425 shares of company stock worth $444,351 in the last 90 days. Company insiders own 0.50% of the company’s stock.

AXIS Capital Trading Down 0.5 %

NYSE:AXS opened at $69.04 on Friday. The stock has a market cap of $5.84 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.25 and a beta of 0.90. AXIS Capital Holdings Limited has a 1 year low of $52.02 and a 1 year high of $74.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a 50-day simple moving average of $70.06 and a 200-day simple moving average of $63.57.

AXIS Capital (NYSE:AXSGet Free Report) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.17. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.49 billion. AXIS Capital had a net margin of 10.34% and a return on equity of 19.11%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.33 EPS. As a group, analysts anticipate that AXIS Capital Holdings Limited will post 10.11 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, June 28th. AXIS Capital’s dividend payout ratio is currently 26.91%.

Wall Street Analysts Forecast Growth

AXS has been the subject of several recent research reports. Wells Fargo & Company raised their price target on shares of AXIS Capital from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $86.00 price target on shares of AXIS Capital in a research report on Monday, June 17th. Finally, StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, AXIS Capital has an average rating of “Hold” and an average target price of $69.33.

Get Our Latest Report on AXS

AXIS Capital 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.

See Also

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

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