5,912 Shares in Axis Capital Holdings Limited $AXS Purchased by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new stake in Axis Capital Holdings Limited (NYSE:AXS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,912 shares of the insurance provider’s stock, valued at approximately $566,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America decreased their price objective on shares of Axis Capital from $119.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Compass Point set a $121.00 price target on Axis Capital in a research note on Monday, November 24th. 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. Weiss Ratings downgraded Axis Capital from a “buy (a-)” rating to a “buy (b)” rating in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on Axis Capital from $121.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.00.

Axis Capital Price Performance

NYSE:AXS opened at $101.24 on Wednesday. The stock has a 50 day moving average price of $103.32 and a 200 day moving average price of $100.32. The stock has a market cap of $7.49 billion, a PE ratio of 8.17, a P/E/G ratio of 2.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.65. 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 issued its earnings results 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 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts expect that Axis Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

Axis Capital Announces Dividend

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

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.