Flagship Harbor Advisors LLC Grows Position in AXIS Capital Holdings Limited (NYSE:AXS)

Flagship Harbor Advisors LLC boosted its stake in AXIS Capital Holdings Limited (NYSE:AXS) by 16.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,893 shares of the insurance provider’s stock after acquiring an additional 560 shares during the period. Flagship Harbor Advisors LLC’s holdings in AXIS Capital were worth $345,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in shares of AXIS Capital in the 2nd quarter worth approximately $427,000. Millennium Management LLC lifted its stake in AXIS Capital by 1,644.8% during the second quarter. Millennium Management LLC now owns 240,754 shares of the insurance provider’s stock worth $17,009,000 after purchasing an additional 226,956 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in AXIS Capital by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,224 shares of the insurance provider’s stock worth $1,076,000 after purchasing an additional 621 shares in the last quarter. Truist Financial Corp grew its stake in shares of AXIS Capital by 19.9% in the second quarter. Truist Financial Corp now owns 9,773 shares of the insurance provider’s stock valued at $690,000 after buying an additional 1,620 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of AXIS Capital in the 2nd quarter valued at $1,653,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

AXS has been the subject of a number of research analyst reports. UBS Group raised their target price on AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a report on Monday, November 4th. TD Cowen lifted their price objective on shares of AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Bank of America increased their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group boosted their price target on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets assumed coverage on AXIS Capital in a research note on Monday, January 13th. They issued a “market perform” rating and a $93.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AXIS Capital has a consensus rating of “Moderate Buy” and a consensus price target of $99.25.

AXIS Capital Price Performance

AXIS Capital stock opened at $89.88 on Thursday. The stock has a market cap of $7.52 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 0.29 and a beta of 0.95. The company has a fifty day simple moving average of $89.95 and a 200-day simple moving average of $82.29. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a 12-month low of $55.56 and a 12-month high of $94.89.

AXIS Capital (NYSE:AXS) last released its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. Equities analysts expect that AXIS Capital Holdings Limited will post 10.89 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.76 annualized dividend and a yield of 1.96%. AXIS Capital’s dividend payout ratio is presently 24.41%.

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.