AXIS Capital Holdings Limited (NYSE:AXS) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in AXIS Capital Holdings Limited (NYSE:AXS) by 23.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,613 shares of the insurance provider’s stock after buying an additional 305 shares during the period. GAMMA Investing LLC’s holdings in AXIS Capital were worth $143,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AXS. Independent Advisor Alliance raised its position in AXIS Capital by 0.4% in the third quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider’s stock worth $2,591,000 after acquiring an additional 125 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of AXIS Capital by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider’s stock worth $2,542,000 after purchasing an additional 127 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 130 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in AXIS Capital by 32.6% during 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, The Manufacturers Life Insurance Company boosted its holdings in AXIS Capital by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 15,394 shares of the insurance provider’s stock worth $1,226,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

AXIS Capital Stock Down 0.3 %

NYSE:AXS opened at $87.81 on Friday. AXIS Capital Holdings Limited has a 1-year low of $53.88 and a 1-year high of $94.89. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.31 and a beta of 0.95. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average price is $88.33 and its 200 day moving average price is $80.36.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.16. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. On average, sell-side analysts forecast that AXIS Capital Holdings Limited will post 10.83 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Tuesday, December 31st. AXIS Capital’s dividend payout ratio (DPR) is currently 24.41%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company raised AXIS Capital from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $78.00 to $89.00 in a report on Wednesday, December 11th. Jefferies Financial Group boosted their target price on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Bank of America increased their price target on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. UBS Group boosted their price objective on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, TD Cowen raised their target price on shares of AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.71.

About AXIS Capital

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.