Quantinno Capital Management LP Has $4.51 Million Stock Position in AXIS Capital Holdings Limited (NYSE:AXS)

Quantinno Capital Management LP raised its position in AXIS Capital Holdings Limited (NYSE:AXS) by 103.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 50,928 shares of the insurance provider’s stock after acquiring an additional 25,897 shares during the period. Quantinno Capital Management LP’s holdings in AXIS Capital were worth $4,513,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in shares of AXIS Capital in the 4th quarter worth $53,000. EverSource Wealth Advisors LLC raised its holdings in AXIS Capital by 73.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider’s stock worth $59,000 after buying an additional 285 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of AXIS Capital in the fourth quarter valued at $60,000. Assetmark Inc. acquired a new position in shares of AXIS Capital during the fourth quarter valued at about $70,000. Finally, Venturi Wealth Management LLC increased its position in shares of AXIS Capital by 28.5% during the fourth quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider’s stock worth $74,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling at AXIS Capital

In other news, Director Charles A. Davis sold 2,139,037 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 2,404,133 shares in the company, valued at $224,786,435.50. This trade represents a 47.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AXS shares. Cowen reaffirmed a “buy” rating on shares of AXIS Capital in a research report on Wednesday. Wells Fargo & Company raised their target price on AXIS Capital from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. JMP Securities reiterated a “market perform” rating on shares of AXIS Capital in a report on Thursday, May 1st. Jefferies Financial Group increased their price target on AXIS Capital from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Finally, UBS Group lifted their price objective on shares of AXIS Capital from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

AXIS Capital Stock Performance

Shares of AXS opened at $102.48 on Friday. The stock has a 50 day moving average of $96.27 and a 200 day moving average of $92.00. 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 $68.02 and a 12 month high of $102.56. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 3.96 and a beta of 0.82.

AXIS Capital (NYSE:AXS) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.53. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.83 billion. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $3.07 EPS. As a group, sell-side analysts forecast that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Monday, June 30th. AXIS Capital’s dividend payout ratio is 17.46%.

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.