GSA Capital Partners LLP Cuts Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

GSA Capital Partners LLP decreased its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 44.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,525 shares of the insurance provider’s stock after selling 3,560 shares during the period. GSA Capital Partners LLP’s holdings in AXIS Capital were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew 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 valued at $287,909,000 after purchasing an additional 152,914 shares in the last quarter. AQR Capital Management LLC grew its position 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 in the last quarter. Janus Henderson Group PLC grew its position in AXIS Capital by 30.7% in the first quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider’s stock worth $150,928,000 after acquiring an additional 545,546 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in AXIS Capital by 12.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,417,464 shares of the insurance provider’s stock worth $100,144,000 after acquiring an additional 157,110 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in AXIS Capital by 8,717.0% in the second quarter. Victory Capital Management Inc. now owns 1,361,250 shares of the insurance provider’s stock worth $96,172,000 after acquiring an additional 1,345,811 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

AXIS Capital Stock Performance

AXIS Capital stock opened at $88.17 on Friday. The company has a 50 day moving average price of $81.01 and a 200-day moving average price of $75.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. AXIS Capital Holdings Limited has a fifty-two week low of $53.49 and a fifty-two week high of $88.29. The company has a market capitalization of $7.38 billion, a PE ratio of 12.22, a P/E/G ratio of 0.29 and a beta of 0.90.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.16. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm posted $2.34 earnings per share. As a group, equities analysts forecast that AXIS Capital Holdings Limited will post 10.89 earnings per share for the current year.

AXIS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Monday, September 30th. AXIS Capital’s dividend payout ratio is presently 24.41%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AXS shares. Keefe, Bruyette & Woods lifted their price target on AXIS Capital from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Roth Mkm boosted their target price on AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. TD Cowen assumed coverage on AXIS Capital in a research report on Friday, October 4th. They set a “buy” rating and a $118.00 target price for the company. Wells Fargo & Company boosted their target price on AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their target price on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to data from MarketBeat, AXIS Capital presently has a consensus rating of “Moderate Buy” and an average target price of $95.86.

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.