Mirabella Financial Services LLP Purchases 37,027 Shares of Axis Capital Holdings Limited $AXS

Mirabella Financial Services LLP increased its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 28.9% during the second quarter, Holdings Channel reports. The fund owned 165,105 shares of the insurance provider’s stock after purchasing an additional 37,027 shares during the period. Axis Capital makes up about 1.8% of Mirabella Financial Services LLP’s portfolio, making the stock its 12th biggest position. Mirabella Financial Services LLP’s holdings in Axis Capital were worth $17,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smithfield Trust Co boosted its stake in Axis Capital by 94.0% in the second quarter. Smithfield Trust Co now owns 293 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 142 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of Axis Capital in the second quarter valued at about $37,000. Elevation Point Wealth Partners LLC acquired a new position in Axis Capital during the 2nd quarter worth about $41,000. Allworth Financial LP grew its holdings in Axis Capital by 145.1% during the 2nd quarter. Allworth Financial LP now owns 581 shares of the insurance provider’s stock worth $60,000 after acquiring an additional 344 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in Axis Capital by 21.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 658 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 117 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada began coverage on shares of Axis Capital in a research report on Monday, November 24th. They set an “outperform” rating and a $125.00 target price on the stock. Wells Fargo & Company set a $123.00 price target on Axis Capital and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Axis Capital in a research note on Monday. Keefe, Bruyette & Woods upped their target price on shares of Axis Capital from $119.00 to $121.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. Finally, UBS Group raised their price objective on Axis Capital from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Axis Capital has a consensus rating of “Moderate Buy” and a consensus price target of $115.75.

Axis Capital Stock Performance

AXS opened at $99.62 on Friday. The business’s 50-day simple moving average is $96.90 and its 200 day simple moving average is $98.18. Axis Capital Holdings Limited has a 52-week low of $83.90 and a 52-week high of $107.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $7.67 billion, a PE ratio of 8.23, a PEG ratio of 0.96 and a beta of 0.65.

Axis Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.53. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Axis Capital had a return on equity of 18.99% and a net margin of 16.08%.The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.71 EPS. As a group, sell-side analysts expect that Axis Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

Axis Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.44 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.76 dividend on an annualized basis and a yield of 1.8%. Axis Capital’s dividend payout ratio (DPR) is currently 14.55%.

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.