State of New Jersey Common Pension Fund D Has $2.06 Million Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

State of New Jersey Common Pension Fund D reduced its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 12.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,888 shares of the insurance provider’s stock after selling 3,722 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in AXIS Capital were worth $2,061,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXS. Versant Capital Management Inc lifted its holdings in shares of AXIS Capital by 55.6% in the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 165 shares in the last quarter. GAMMA Investing LLC boosted its position in AXIS Capital by 80.4% in the second quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 226 shares during the last quarter. Covestor Ltd grew its position in shares of AXIS Capital by 45.9% during the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 185 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in AXIS Capital by 32.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 148 shares during the last quarter. Finally, Blue Trust Inc. increased its position in AXIS Capital by 424.6% in the third quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock worth $97,000 after buying an additional 985 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

AXIS Capital Stock Up 1.9 %

AXS opened at $86.73 on Friday. The business’s fifty day simple moving average is $80.42 and its 200 day simple moving average is $75.02. AXIS Capital Holdings Limited has a 52 week low of $53.48 and a 52 week high of $86.92. 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 stock has a market cap of $7.25 billion, a PE ratio of 12.03, a P/E/G ratio of 0.29 and a beta of 0.90.

AXIS Capital (NYSE:AXS) last released its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.16. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $2.34 EPS. As a group, research analysts expect that AXIS Capital Holdings Limited will post 10.83 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.03%. The ex-dividend date was Monday, September 30th. AXIS Capital’s dividend payout ratio is presently 24.41%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AXS shares. Wells Fargo & Company boosted their price objective on AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. TD Cowen began coverage on AXIS Capital in a research report on Friday, October 4th. They set a “buy” rating and a $118.00 target price on the stock. Roth Mkm lifted their price target on AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group increased their price objective on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, UBS Group upped their price target on AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.86.

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.