AXIS Capital Holdings Limited (NYSE:AXS) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 35.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,514 shares of the insurance provider’s stock after buying an additional 1,715 shares during the period. XTX Topco Ltd’s holdings in AXIS Capital were worth $519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of AXIS Capital during the 3rd quarter worth about $40,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of AXIS Capital by 32.6% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after buying an additional 148 shares during the period. Blue Trust Inc. boosted its holdings in AXIS Capital by 424.6% in the third quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 985 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of AXIS Capital during the 3rd quarter worth about $99,000. Finally, GAMMA Investing LLC increased its position in AXIS Capital by 158.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,308 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen lifted their target price on AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group upped their price target on shares of AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. UBS Group boosted their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company upgraded shares of AXIS Capital from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $78.00 to $89.00 in a research note on Wednesday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.71.

AXIS Capital Price Performance

Shares of AXIS Capital stock opened at $91.80 on Friday. The firm has a fifty day moving average price of $85.33 and a two-hundred day moving average price of $78.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $7.68 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.31 and a beta of 0.94. AXIS Capital Holdings Limited has a fifty-two week low of $53.49 and a fifty-two week high of $94.54.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.16. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business earned $2.34 earnings per share. Analysts expect that AXIS Capital Holdings Limited will post 10.83 EPS for the current year.

AXIS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, December 31st. AXIS Capital’s payout ratio is presently 24.41%.

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.