AXIS Capital Holdings Limited (NYSE:AXS) Stock Position Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,653 shares of the insurance provider’s stock after buying an additional 5,624 shares during the quarter. Envestnet Asset Management Inc. owned about 0.10% of AXIS Capital worth $7,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AXS. Barclays PLC lifted its holdings in AXIS Capital by 53.6% in the 3rd quarter. Barclays PLC now owns 48,964 shares of the insurance provider’s stock valued at $3,898,000 after acquiring an additional 17,082 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of AXIS Capital in the 3rd quarter worth approximately $1,004,000. Franklin Resources Inc. lifted its stake in AXIS Capital by 48.6% during the third quarter. Franklin Resources Inc. now owns 371,557 shares of the insurance provider’s stock valued at $30,070,000 after purchasing an additional 121,437 shares during the last quarter. Versant Capital Management Inc boosted its holdings in AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock worth $59,000 after buying an additional 130 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in AXIS Capital by 23.3% in the fourth quarter. GAMMA Investing LLC now owns 1,613 shares of the insurance provider’s stock worth $143,000 after buying an additional 305 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

AXIS Capital Stock Down 0.4 %

Shares of NYSE:AXS opened at $94.60 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The firm has a market cap of $7.44 billion, a P/E ratio of 7.66, a P/E/G ratio of 3.96 and a beta of 0.67. AXIS Capital Holdings Limited has a 12 month low of $60.64 and a 12 month high of $101.42. The company’s 50-day moving average price is $94.19 and its two-hundred day moving average price is $89.67.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. As a group, research analysts forecast that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Monday, March 31st. AXIS Capital’s dividend payout ratio is currently 14.25%.

Insider Buying and Selling at AXIS Capital

In other news, Director Charles A. Davis sold 2,234,636 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $89.50, for a total value of $199,999,922.00. Following the completion of the transaction, the director now owns 4,543,170 shares in the company, valued at $406,613,715. This represents a 32.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Jefferies Financial Group increased their price target on AXIS Capital from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Wells Fargo & Company raised their target price on shares of AXIS Capital from $97.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 10th. BMO Capital Markets started coverage on shares of AXIS Capital in a research report on Monday, January 13th. They issued a “market perform” rating and a $93.00 target price on the stock. UBS Group upped their price target on shares of AXIS Capital from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Finally, StockNews.com upgraded shares of AXIS Capital from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.75.

AXIS Capital Company Profile

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.