1 week Ago By ABMN Staff
Barclays PLC reduced its holdings in shares of AXIS Capital Holdings Limited ( NYSE:AXS – Free Report ) by 10.4% during the 4th quarter, Holdings Channel.com reports.
The fund owned 43,856 shares of the insurance provider’s stock after selling 5,108 shares during the period. Barclays PLC’s holdings in AXIS Capital were worth $3,887,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also added to or reduced their stakes in the company.
Raymond James Financial Inc. acquired a new stake in AXIS Capital during the fourth quarter valued at approximately $88,175,000. Norges Bank acquired a new stake in AXIS Capital in the 4th quarter valued at $88,147,000.
FIL Ltd bought a new stake in AXIS Capital in the fourth quarter valued at $43,893,000. Massachusetts Financial Services Co. MA acquired a new position in AXIS Capital during the fourth quarter worth $37,775,000.
Finally, Swedbank AB bought a new position in shares of AXIS Capital during the fourth quarter valued at $31,118,000. Institutional investors own 93.44% of the company’s stock.
Analyst Ratings Changes AXS has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their target price on shares of AXIS Capital from $116.00 to $119.
00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their target price on shares of AXIS Capital from $120.00 to $114.
00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets initiated coverage on AXIS Capital in a research report on Monday, January 13th. They set a “market perform” rating and a $93.
00 price target on the stock. JMP Securities reissued a “market perform” rating on shares of AXIS Capital in a research note on Monday, February 3rd. Finally, StockNews.
com raised shares of AXIS Capital from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.
com, the stock has an average rating of “Moderate Buy” and an average price target of $106.75. Insider Activity at AXIS Capital In other 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 transaction of $199,999,922.
00. Following the completion of the transaction, the director now directly owns 4,543,170 shares in the company, valued at $406,613,715. This represents a 32.
97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . 0.
70% of the stock is currently owned by insiders. AXIS Capital Trading Down 0.8 % NYSE:AXS opened at $94.
88 on Monday. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 7.
68, a PEG ratio of 3.96 and a beta of 0.67.
AXIS Capital Holdings Limited has a 1-year low of $60.85 and a 1-year high of $101.42.
The business’s 50-day moving average price is $94.61 and its two-hundred day moving average price is $90.17.
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 ( NYSE:AXS – Get Free Report ) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $2.
97 EPS for the quarter, beating the consensus estimate of $2.68 by $0.29.
AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%.
On average, equities analysts expect that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year. AXIS Capital Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th.
Shareholders of record on Monday, March 31st were paid a $0.44 dividend. This represents a $1.
76 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, March 31st.
AXIS Capital’s payout ratio is currently 14.25%. AXIS Capital Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding AXS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for AXIS Capital Holdings Limited ( NYSE:AXS – Free Report ). Receive News & Ratings for AXIS Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXIS Capital and related companies with MarketBeat.com's FREE daily email newsletter .
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