Dynamic Technology Lab Private Ltd Takes $620,000 Position in Axis Capital Holdings Limited $AXS

Dynamic Technology Lab Private Ltd acquired a new stake in Axis Capital Holdings Limited (NYSE:AXS) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,190 shares of the insurance provider’s stock, valued at approximately $620,000.

A number of other hedge funds also recently added to or reduced their stakes in AXS. NBC Securities Inc. purchased a new position in Axis Capital in the 1st quarter valued at approximately $33,000. IFP Advisors Inc boosted its holdings in Axis Capital by 1,542.9% in the first quarter. IFP Advisors Inc now owns 575 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 540 shares during the period. Private Trust Co. NA grew its stake in Axis Capital by 36.9% during the 1st quarter. Private Trust Co. NA now owns 1,184 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 319 shares in the last quarter. US Bancorp DE increased its holdings in Axis Capital by 34.3% during the 1st quarter. US Bancorp DE now owns 1,628 shares of the insurance provider’s stock worth $163,000 after purchasing an additional 416 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Axis Capital by 14.9% during the 1st quarter. GAMMA Investing LLC now owns 1,853 shares of the insurance provider’s stock worth $186,000 after purchasing an additional 240 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AXS has been the topic of several analyst reports. Wells Fargo & Company raised their target price on shares of Axis Capital from $104.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Wall Street Zen downgraded Axis Capital from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods increased their price target on shares of Axis Capital from $118.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Cowen reaffirmed a “buy” rating on shares of Axis Capital in a research report on Wednesday, May 14th. Finally, UBS Group reaffirmed a “buy” rating and issued a $119.00 target price (up previously from $115.00) on shares of Axis Capital in a report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Axis Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.43.

Insider Buying and Selling

In other Axis Capital news, Director Henry B. Smith sold 3,500 shares of Axis Capital stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $98.67, for a total value of $345,345.00. Following the transaction, the director owned 47,295 shares in the company, valued at $4,666,597.65. This trade represents a 6.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel J. Draper sold 4,305 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $97.57, for a total value of $420,038.85. Following the completion of the transaction, the insider owned 16,269 shares in the company, valued at approximately $1,587,366.33. This trade represents a 20.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,205 shares of company stock worth $1,188,048. 0.70% of the stock is currently owned by insiders.

Axis Capital Stock Performance

NYSE:AXS opened at $97.02 on Wednesday. The firm has a 50 day simple moving average of $97.04 and a 200-day simple moving average of $97.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market cap of $7.58 billion, a PE ratio of 9.33, a P/E/G ratio of 1.43 and a beta of 0.77. Axis Capital Holdings Limited has a 1-year low of $74.68 and a 1-year high of $107.19.

Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.41. Axis Capital had a return on equity of 18.77% and a net margin of 14.30%.The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the firm earned $2.93 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. On average, equities analysts expect that Axis Capital Holdings Limited will post 11.19 EPS for the current year.

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.