AXIS Capital Holdings Limited (NYSE:AXS) Stock Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 235.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 165,100 shares of the insurance provider’s stock after buying an additional 115,900 shares during the quarter. Renaissance Technologies LLC’s holdings in AXIS Capital were worth $11,664,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of AXIS Capital by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider’s stock worth $287,909,000 after purchasing an additional 152,914 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in AXIS Capital during the second quarter valued at about $258,000. Levin Capital Strategies L.P. boosted its holdings in shares of AXIS Capital by 2.5% in the second quarter. Levin Capital Strategies L.P. now owns 269,119 shares of the insurance provider’s stock worth $19,013,000 after buying an additional 6,665 shares during the period. LSV Asset Management increased its position in shares of AXIS Capital by 11.5% in the second quarter. LSV Asset Management now owns 693,060 shares of the insurance provider’s stock worth $48,965,000 after acquiring an additional 71,460 shares in the last quarter. Finally, Savant Capital LLC lifted its position in shares of AXIS Capital by 26.6% in the 2nd quarter. Savant Capital LLC now owns 45,550 shares of the insurance provider’s stock valued at $3,218,000 after acquiring an additional 9,581 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Roth Mkm boosted their target price on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods raised their price objective on AXIS Capital from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. UBS Group upped their target price on AXIS Capital from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Bank of America increased their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Company boosted their price objective on shares of AXIS Capital from $63.00 to $74.00 and gave the company an “underweight” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

AXIS Capital Trading Down 0.4 %

Shares of NYSE AXS opened at $77.91 on Monday. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.25 and a beta of 0.89. The business has a 50 day simple moving average of $75.36 and a 200 day simple moving average of $70.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.62. AXIS Capital Holdings Limited has a 52 week low of $52.90 and a 52 week high of $80.50.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.52 by $0.41. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business posted $2.23 EPS. AXIS Capital’s quarterly revenue was up 4.8% on a year-over-year basis. On average, research analysts predict that AXIS Capital Holdings Limited will post 10.71 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 2.26%. AXIS Capital’s dividend payout ratio (DPR) is currently 26.91%.

AXIS Capital Company 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.