AXIS Capital Holdings Limited (NYSE:AXS) Stock Holdings Lifted by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC lifted its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,971 shares of the insurance provider’s stock after buying an additional 180 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in AXIS Capital were worth $396,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Pallas Capital Advisors LLC lifted its position in shares of AXIS Capital by 35.3% in the 3rd quarter. Pallas Capital Advisors LLC now owns 11,203 shares of the insurance provider’s stock worth $909,000 after buying an additional 2,922 shares during the last quarter. Custom Index Systems LLC lifted its position in shares of AXIS Capital by 71.4% in the 3rd quarter. Custom Index Systems LLC now owns 14,696 shares of the insurance provider’s stock worth $1,170,000 after buying an additional 6,120 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of AXIS Capital by 32.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,887 shares of the insurance provider’s stock worth $2,875,000 after buying an additional 9,380 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of AXIS Capital by 71.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,265 shares of the insurance provider’s stock worth $1,374,000 after buying an additional 7,205 shares during the last quarter. Finally, Highland Capital Management LLC increased its holdings in shares of AXIS Capital by 11.6% in the 3rd quarter. Highland Capital Management LLC now owns 3,290 shares of the insurance provider’s stock worth $262,000 after acquiring an additional 341 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AXS has been the topic of a number of analyst reports. TD Cowen initiated coverage on shares of AXIS Capital in a report on Friday, October 4th. They issued a “buy” rating and a $118.00 price objective on the stock. Roth Mkm increased their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Bank of America increased their price objective on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company increased their price objective on shares of AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Finally, UBS Group increased their price objective on shares of AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. One research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.86.

AXIS Capital Stock Up 0.8 %

AXIS Capital stock opened at $80.83 on Thursday. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.27 and a beta of 0.89. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $79.23 and its two-hundred day moving average price is $73.31. AXIS Capital Holdings Limited has a 52 week low of $52.90 and a 52 week high of $83.19.

AXIS Capital (NYSE:AXS) last released its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, beating the consensus estimate of $2.50 by $0.21. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. During the same quarter in the previous year, the business posted $2.34 EPS. On average, analysts expect that AXIS Capital Holdings Limited will post 10.72 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 annualized dividend and a dividend yield of 2.18%. AXIS Capital’s dividend payout ratio is currently 24.41%.

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.