AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC cut its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,623 shares of the insurance provider’s stock after selling 348 shares during the period. Measured Wealth Private Client Group LLC’s holdings in AXIS Capital were worth $410,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of AXIS Capital by 7.2% in the third quarter. State Street Corp now owns 1,675,417 shares of the insurance provider’s stock valued at $134,110,000 after purchasing an additional 112,536 shares during the period. Jennison Associates LLC increased its stake in AXIS Capital by 1.6% during the 4th quarter. Jennison Associates LLC now owns 1,650,965 shares of the insurance provider’s stock worth $146,309,000 after buying an additional 25,908 shares during the period. Victory Capital Management Inc. lifted its holdings in AXIS Capital by 2.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,394,491 shares of the insurance provider’s stock worth $111,015,000 after buying an additional 33,241 shares in the last quarter. Geode Capital Management LLC boosted its position in AXIS Capital by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,267,338 shares of the insurance provider’s stock valued at $100,921,000 after buying an additional 43,687 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of AXIS Capital by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,183,385 shares of the insurance provider’s stock valued at $94,209,000 after acquiring an additional 9,181 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity at AXIS Capital

In related news, Director Charles A. Davis sold 2,234,636 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $89.50, for a total value of $199,999,922.00. Following the sale, the director now owns 4,543,170 shares of the company’s stock, valued at $406,613,715. This trade represents a 32.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

AXIS Capital Stock Up 1.7 %

AXS stock opened at $94.14 on Friday. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 3.87 and a beta of 0.95. AXIS Capital Holdings Limited has a 1-year low of $57.95 and a 1-year high of $94.89. The firm has a fifty day moving average price of $90.04 and a two-hundred day moving average price of $83.03. 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, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. Research analysts predict that AXIS Capital Holdings Limited will post 11.36 EPS for the current year.

AXIS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, December 31st. AXIS Capital’s dividend payout ratio (DPR) is 14.25%.

Wall Street Analyst Weigh In

AXS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com cut AXIS Capital from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. TD Cowen upped their price target on shares of AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, UBS Group raised their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.88.

About AXIS Capital

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.