Wasatch Advisors LP Has $60.37 Million Position in AXIS Capital Holdings Limited (NYSE:AXS)

Wasatch Advisors LP increased its position in AXIS Capital Holdings Limited (NYSE:AXS) by 15.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 758,311 shares of the insurance provider’s stock after buying an additional 99,119 shares during the quarter. Wasatch Advisors LP’s holdings in AXIS Capital were worth $60,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Independent Advisor Alliance increased its stake in shares of AXIS Capital by 0.4% in the third quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider’s stock valued at $2,591,000 after buying an additional 125 shares during the period. Pathstone Holdings LLC boosted its holdings in AXIS Capital by 0.4% in the third quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider’s stock valued at $2,542,000 after acquiring an additional 127 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings 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 acquiring an additional 148 shares during the last quarter. Versant Capital Management Inc boosted its holdings in AXIS Capital by 55.6% in the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 165 shares during the last quarter. Finally, Gries Financial LLC boosted its holdings in AXIS Capital by 4.9% in the second quarter. Gries Financial LLC now owns 3,523 shares of the insurance provider’s stock valued at $249,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

AXIS Capital Trading Down 0.9 %

Shares of AXIS Capital stock opened at $93.04 on Friday. AXIS Capital Holdings Limited has a 1 year low of $53.49 and a 1 year high of $94.39. The firm has a market cap of $7.78 billion, a PE ratio of 12.90, a P/E/G ratio of 0.32 and a beta of 0.90. The stock has a fifty day moving average price of $82.84 and a 200-day moving average price of $76.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.57 billion. During the same quarter last year, the firm posted $2.34 EPS. Equities research analysts anticipate that AXIS Capital Holdings Limited will post 10.89 EPS for the current year.

AXIS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.89%. The ex-dividend date was Monday, September 30th. AXIS Capital’s dividend payout ratio (DPR) is currently 24.41%.

Wall Street Analyst Weigh In

Several analysts recently commented on AXS shares. Keefe, Bruyette & Woods upped their target price on AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. TD Cowen increased their price target on AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company increased their price target on AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. UBS Group increased their price target on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group increased their price target on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $97.14.

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.