Sanctuary Advisors LLC increased its position in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 108.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,828 shares of the insurance provider's stock after purchasing an additional 25,436 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.06% of AXIS Capital worth $3,887,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of AXIS Capital by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider's stock worth $287,909,000 after buying an additional 152,914 shares in the last quarter. AQR Capital Management LLC lifted its stake in AXIS Capital by 9.0% in the second quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider's stock worth $182,538,000 after acquiring an additional 213,559 shares during the period. State Street Corp grew its holdings in AXIS Capital by 7.2% during the 3rd quarter. State Street Corp now owns 1,675,417 shares of the insurance provider's stock worth $134,110,000 after acquiring an additional 112,536 shares in the last quarter. Jennison Associates LLC increased its position in AXIS Capital by 24.4% during the 3rd 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 period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of AXIS Capital by 12.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,417,464 shares of the insurance provider's stock valued at $100,144,000 after purchasing an additional 157,110 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:AXS opened at $91.82 on Tuesday. The business's 50-day moving average is $85.59 and its 200 day moving average is $78.27. 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 Holdings Limited has a 1 year low of $53.49 and a 1 year high of $94.54. The firm has a market capitalization of $7.68 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.31 and a beta of 0.94.
AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.16. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same quarter in the prior year, the company posted $2.34 earnings per share. On average, research analysts predict that AXIS Capital Holdings Limited will post 10.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.76 annualized dividend and a dividend yield of 1.92%. AXIS Capital's payout ratio is currently 24.41%.
A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of AXIS Capital from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. TD Cowen increased their target price on AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Wells Fargo & Company raised AXIS Capital from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $78.00 to $89.00 in a research report on Wednesday, December 11th. UBS Group raised their price objective on AXIS Capital from $92.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, Bank of America boosted their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, AXIS Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.71.
Get Our Latest Stock Analysis on 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.
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