AXIS Capital Holdings Limited (NYSE:AXS) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 108.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,828 shares of the insurance provider’s stock after buying an additional 25,436 shares during the quarter. Sanctuary Advisors LLC’s holdings in AXIS Capital were worth $3,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AXS. Dimensional Fund Advisors LP boosted its holdings in shares of AXIS Capital by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider’s stock valued at $287,909,000 after acquiring an additional 152,914 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of AXIS Capital by 9.0% during the second quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider’s stock worth $182,538,000 after purchasing an additional 213,559 shares during the last quarter. State Street Corp lifted its position in AXIS Capital by 7.2% during 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 boosted its holdings in AXIS Capital by 24.4% in the third quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider’s stock valued at $129,371,000 after purchasing an additional 318,784 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in AXIS Capital by 12.5% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,417,464 shares of the insurance provider’s stock worth $100,144,000 after purchasing an additional 157,110 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

AXIS Capital Trading Up 0.1 %

Shares of AXS stock opened at $91.82 on Tuesday. AXIS Capital Holdings Limited has a 1-year low of $53.49 and a 1-year high of $94.54. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.31 and a beta of 0.94. 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 stock has a 50 day simple moving average of $85.59 and a 200-day simple moving average of $78.27.

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

AXIS Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America boosted their price objective on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, October 10th. UBS Group lifted their price target on AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group upped their price objective on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised shares of AXIS Capital from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $78.00 to $89.00 in a report on Wednesday, December 11th. Finally, TD Cowen increased their price target on shares of AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, AXIS Capital presently has an average rating of “Moderate Buy” and an average target price of $98.71.

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.