Signaturefd LLC Has $290,000 Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Signaturefd LLC lifted its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,269 shares of the insurance provider’s stock after purchasing an additional 269 shares during the period. Signaturefd LLC’s holdings in AXIS Capital were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Corient Private Wealth LLC grew its position in shares of AXIS Capital by 53.7% during the 4th quarter. Corient Private Wealth LLC now owns 49,974 shares of the insurance provider’s stock worth $4,429,000 after buying an additional 17,460 shares during the period. Royce & Associates LP grew its holdings in AXIS Capital by 6.0% in the fourth quarter. Royce & Associates LP now owns 388,237 shares of the insurance provider’s stock worth $34,406,000 after purchasing an additional 22,044 shares during the period. Poinciana Advisors Group LLC bought a new stake in AXIS Capital in the fourth quarter valued at $324,000. Picton Mahoney Asset Management raised its holdings in shares of AXIS Capital by 38.7% during the fourth quarter. Picton Mahoney Asset Management now owns 6,573 shares of the insurance provider’s stock valued at $582,000 after purchasing an additional 1,835 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in shares of AXIS Capital during the 4th quarter worth about $5,533,000. 93.44% of the stock is currently owned by institutional investors.

AXIS Capital Stock Performance

Shares of AXS stock opened at $95.00 on Friday. AXIS Capital Holdings Limited has a one year low of $60.45 and a one year high of $98.11. The company has a market cap of $7.67 billion, a P/E ratio of 7.69, a P/E/G ratio of 3.96 and a beta of 0.91. The firm has a 50-day moving average of $91.93 and a 200-day moving average of $87.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60.

AXIS Capital (NYSE:AXS) last posted its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 EPS for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. Equities research analysts forecast that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.76 annualized dividend and a yield of 1.85%. AXIS Capital’s dividend payout ratio is currently 14.25%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AXS shares. Keefe, Bruyette & Woods upped their price target on AXIS Capital from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, March 13th. TD Cowen increased their target price on AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. JMP Securities restated a “market perform” rating on shares of AXIS Capital in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, BMO Capital Markets initiated coverage on shares of AXIS Capital in a research report on Monday, January 13th. They set a “market perform” rating and a $93.00 target price for the company. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $100.25.

Insider Buying and Selling at AXIS Capital

In related news, Director Charles A. Davis sold 2,139,037 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the completion of the transaction, the director now owns 2,404,133 shares in the company, valued at approximately $224,786,435.50. This represents a 47.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

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.