AXIS Capital Holdings Limited (NYSE:AXS) Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC lifted its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,290 shares of the insurance provider’s stock after purchasing an additional 341 shares during the quarter. Highland Capital Management LLC’s holdings in AXIS Capital were worth $262,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in AXIS Capital by 55.6% in the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC grew its stake in AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 226 shares during the period. Covestor Ltd grew its stake in AXIS Capital by 45.9% in the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 185 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in AXIS Capital by 32.6% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 148 shares during the period. Finally, Blue Trust Inc. grew its stake in AXIS Capital by 424.6% in the 3rd 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 period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

AXS has been the topic of a number of research analyst reports. Roth Mkm lifted their price target 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. Wells Fargo & Company raised their price objective on AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Bank of America raised 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. Finally, TD Cowen assumed coverage on AXIS Capital in a report on Friday, October 4th. They issued a “buy” rating and a $118.00 price objective on the stock. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.86.

AXIS Capital Stock Down 1.8 %

NYSE AXS opened at $79.74 on Monday. AXIS Capital Holdings Limited has a 52 week low of $52.90 and a 52 week high of $83.19. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $79.01 and its 200-day simple moving average is $73.05. The firm has a market cap of $6.75 billion, a PE ratio of 12.19, a P/E/G ratio of 0.27 and a beta of 0.89.

AXIS Capital (NYSE:AXS) last posted 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 return on equity of 19.70% and a net margin of 11.28%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm earned $2.23 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that AXIS Capital Holdings Limited will post 10.72 earnings per share for the current year.

AXIS Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 2.21%. 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.