Cubist Systematic Strategies LLC Has $6.96 Million Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Cubist Systematic Strategies LLC boosted its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 44.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,446 shares of the insurance provider’s stock after purchasing an additional 30,277 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in AXIS Capital were worth $6,955,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in AXIS Capital by 55.6% during the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock worth $33,000 after buying an additional 165 shares during the period. GAMMA Investing LLC raised its position in shares of AXIS Capital by 80.4% during the second quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 226 shares during the period. Covestor Ltd raised its position in shares of AXIS Capital by 45.9% during the first quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 185 shares during the period. TFO Wealth Partners LLC lifted its holdings in shares of AXIS Capital by 61,675.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,471 shares of the insurance provider’s stock valued at $137,000 after purchasing an additional 2,467 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of AXIS Capital in the 1st quarter valued at approximately $201,000. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

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

AXIS Capital Price Performance

NYSE:AXS opened at $79.35 on Friday. AXIS Capital Holdings Limited has a 52-week low of $52.90 and a 52-week high of $80.50. The company has a market cap of $6.72 billion, a P/E ratio of 12.13, a P/E/G ratio of 0.26 and a beta of 0.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.62. The stock’s 50-day simple moving average is $75.86 and its 200 day simple moving average is $70.48.

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

AXIS Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 30th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Monday, September 30th. AXIS Capital’s dividend payout ratio is currently 26.91%.

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.