11,670 Shares in Axis Capital Holdings Limited $AXS Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in Axis Capital Holdings Limited (NYSE:AXS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,670 shares of the insurance provider’s stock, valued at approximately $1,118,000.

A number of other institutional investors have also recently bought and sold shares of AXS. Orion Porfolio Solutions LLC raised its position in shares of Axis Capital by 5.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 2,104 shares of the insurance provider’s stock valued at $202,000 after acquiring an additional 100 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Axis Capital by 21.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 658 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 117 shares during the period. Benedict Financial Advisors Inc. boosted its position in shares of Axis Capital by 0.5% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 26,541 shares of the insurance provider’s stock worth $2,755,000 after purchasing an additional 120 shares during the last quarter. Pitcairn Co. boosted its position in shares of Axis Capital by 1.5% in the 2nd quarter. Pitcairn Co. now owns 8,358 shares of the insurance provider’s stock worth $868,000 after purchasing an additional 126 shares during the last quarter. Finally, Smithfield Trust Co grew its stake in shares of Axis Capital by 94.0% during the second quarter. Smithfield Trust Co now owns 293 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Axis Capital Stock Performance

Shares of Axis Capital stock opened at $103.29 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 2.05 and a beta of 0.61. The stock’s 50-day moving average is $103.63 and its 200-day moving average is $100.28. Axis Capital Holdings Limited has a one year low of $84.81 and a one year high of $110.34.

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

Axis Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.76 dividend on an annualized basis and a yield of 1.7%. Axis Capital’s dividend payout ratio is 14.21%.

Analyst Ratings Changes

AXS has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Axis Capital from a “buy (a-)” rating to a “buy (b)” rating in a report on Thursday, January 22nd. Roth Mkm restated a “buy” rating and set a $120.00 target price on shares of Axis Capital in a report on Thursday, January 29th. Jefferies Financial Group restated a “buy” rating and set a $122.00 target price on shares of Axis Capital in a research report on Friday, January 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Axis Capital in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada increased their price target on shares of Axis Capital from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Axis Capital has an average rating of “Moderate Buy” and an average price target 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.