AXIS Capital Holdings Limited (NYSE:AXS) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group raised its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 329,532 shares of the insurance provider’s stock after purchasing an additional 13,018 shares during the period. Schroder Investment Management Group owned about 0.39% of AXIS Capital worth $29,108,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in AXIS Capital in the 4th quarter valued at $53,000. Versant Capital Management Inc increased its stake in shares of AXIS Capital by 24.0% during the fourth 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. EverSource Wealth Advisors LLC raised its position in shares of AXIS Capital by 73.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 285 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in AXIS Capital in the 4th quarter valued at about $60,000. Finally, Assetmark Inc. acquired a new stake in AXIS Capital in the 4th quarter worth about $70,000. 93.44% of the stock is owned by institutional investors and hedge funds.

AXIS Capital Price Performance

Shares of AXS stock opened at $100.39 on Wednesday. The firm’s 50-day moving average is $93.42 and its two-hundred day moving average is $88.24. AXIS Capital Holdings Limited has a 12 month low of $60.45 and a 12 month high of $101.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $8.11 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 3.96 and a beta of 0.91.

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 18.89% and a net margin of 18.16%. Analysts predict that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Monday, March 31st. AXIS Capital’s payout ratio is 14.25%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company reduced their target price on AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JMP Securities restated a “market perform” rating on shares of AXIS Capital in a report on Monday, February 3rd. StockNews.com raised shares of AXIS Capital from a “hold” rating to a “buy” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods raised their price target on shares of AXIS Capital from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, March 28th. Finally, BMO Capital Markets assumed coverage on shares of AXIS Capital in a research note on Monday, January 13th. They set a “market perform” rating and a $93.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.50.

Insider Activity at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the completion of the transaction, the director now owns 2,404,133 shares of the company’s stock, valued at $224,786,435.50. This trade represents a 47.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by insiders.

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.