New York Life Investment Management LLC lowered its position in AXIS Capital Holdings Limited (NYSE:AXS – Free Report) by 8.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,147 shares of the insurance provider’s stock after selling 721 shares during the period. New York Life Investment Management LLC’s holdings in AXIS Capital were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in AXIS Capital in the 3rd quarter worth approximately $40,000. Versant Capital Management Inc boosted its position in AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 130 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of AXIS Capital by 28.5% during the 4th quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider’s stock worth $74,000 after buying an additional 185 shares during the period. R Squared Ltd acquired a new position in shares of AXIS Capital during the 4th quarter worth approximately $82,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of AXIS Capital during the 3rd quarter worth approximately $99,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on AXIS Capital in a research note on Monday, January 13th. They set a “market perform” rating and a $93.00 target price for the company. StockNews.com raised AXIS Capital from a “hold” rating to a “buy” rating in a research note on Tuesday. JMP Securities reaffirmed a “market perform” rating on shares of AXIS Capital in a research note on Monday, February 3rd. TD Cowen upped their target price on AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company reduced their target price on AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.88.

Get Our Latest Stock Analysis on AXIS Capital

AXIS Capital Stock Down 2.5 %

NYSE AXS opened at $95.18 on Wednesday. AXIS Capital Holdings Limited has a one year low of $60.06 and a one year high of $98.11. The company has a market cap of $7.69 billion, a P/E ratio of 7.71, a P/E/G ratio of 3.96 and a beta of 0.95. The business has a fifty day moving average price of $90.53 and a 200 day moving average price of $85.52. 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 (NYSE:AXS – Get Free Report) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. Research analysts anticipate that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Monday, March 31st. AXIS Capital’s dividend payout ratio (DPR) is presently 14.25%.

Insiders Place Their Bets

In other news, Director Charles A. Davis sold 2,234,636 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $89.50, for a total transaction of $199,999,922.00. Following the completion of the transaction, the director now directly owns 4,543,170 shares in the company, valued at approximately $406,613,715. This represents a 32.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

AXIS Capital Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AXIS Capital Holdings Limited (NYSE:AXS – Free Report).

Receive News & Ratings for AXIS Capital Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for AXIS Capital and related companies with MarketBeat.com’s FREE daily email newsletter.