Diversified Trust Co. Purchases New Position in Axis Capital Holdings Limited $AXS

Diversified Trust Co. acquired a new stake in Axis Capital Holdings Limited (NYSE:AXS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,989 shares of the insurance provider’s stock, valued at approximately $856,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXS. Root Financial Partners LLC acquired a new stake in shares of Axis Capital in the third quarter valued at about $29,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Axis Capital during the 2nd quarter valued at about $41,000. Abich Financial Wealth Management LLC acquired a new stake in Axis Capital during the third quarter worth approximately $43,000. Mather Group LLC. acquired a new position in Axis Capital in the third quarter valued at approximately $62,000. Finally, Quent Capital LLC bought a new position in Axis Capital during the third quarter worth $67,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Axis Capital Stock Down 2.4%

AXS stock opened at $98.86 on Friday. The stock has a 50-day simple moving average of $102.74 and a two-hundred day simple moving average of $100.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.31 billion, a PE ratio of 7.98, a PEG ratio of 2.00 and a beta of 0.61. Axis Capital Holdings Limited has a twelve month low of $84.81 and a twelve month high of $110.34.

Axis Capital (NYSE:AXS) last posted its earnings results on Wednesday, January 28th. The insurance provider reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.28. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Axis Capital had a net margin of 15.37% and a return on equity of 18.72%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.38 EPS. On average, equities analysts predict that Axis Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

Axis Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Axis Capital’s payout ratio is currently 14.21%.

Analysts Set New Price Targets

AXS has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Axis Capital from $124.00 to $121.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Royal Bank Of Canada upped their price target on Axis Capital from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Roth Mkm restated a “buy” rating and set a $120.00 price target on shares of Axis Capital in a report on Thursday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $122.00 price target on shares of Axis Capital in a research report on Friday, January 30th. Finally, Weiss Ratings raised shares of Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, March 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Axis Capital currently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

Axis Capital 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.