AXIS Capital Holdings Limited (NYSE:AXS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,354,678 shares of the insurance provider’s stock after selling 39,813 shares during the quarter. Victory Capital Management Inc.’s holdings in AXIS Capital were worth $120,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new stake in AXIS Capital during the 4th quarter worth $53,000. SBI Securities Co. Ltd. acquired a new stake in AXIS Capital during the 4th quarter worth $60,000. Connable Office Inc. acquired a new stake in AXIS Capital during the 4th quarter worth $219,000. SVB Wealth LLC acquired a new stake in AXIS Capital during the 4th quarter worth $260,000. Finally, Parkside Financial Bank & Trust raised its stake in AXIS Capital by 7.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,931 shares of the insurance provider’s stock worth $171,000 after acquiring an additional 134 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXS has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. BMO Capital Markets initiated coverage on shares of AXIS Capital in a research note on Monday, January 13th. They issued a “market perform” rating and a $93.00 price objective on the stock. StockNews.com upgraded shares of AXIS Capital from a “hold” rating to a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price objective on shares of AXIS Capital from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, TD Cowen lifted their price objective on shares of AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.88.

Insider Buying and Selling

In related news, Director Charles A. Davis sold 2,234,636 shares of the business’s 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 sale, the director now owns 4,543,170 shares of the company’s stock, valued at approximately $406,613,715. The trade was a 32.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

AXIS Capital Stock Down 0.5 %

Shares of NYSE:AXS opened at $94.75 on Thursday. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 3.96 and a beta of 0.95. The firm’s 50-day simple moving average is $90.63 and its 200-day simple moving average is $85.66. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a fifty-two week low of $60.06 and a fifty-two week high of $98.11.

AXIS Capital (NYSE:AXS) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share 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%. As a group, equities research analysts predict that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Monday, March 31st. AXIS Capital’s dividend payout ratio is currently 14.25%.

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.