Linden Thomas Advisory Services LLC Has $821,000 Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Linden Thomas Advisory Services LLC increased its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,830 shares of the insurance provider’s stock after buying an additional 241 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in AXIS Capital were worth $821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC increased its position in shares of AXIS Capital by 1,787.0% during the third quarter. CWM LLC now owns 1,302 shares of the insurance provider’s stock worth $73,000 after acquiring an additional 1,233 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of AXIS Capital in the third quarter worth approximately $240,000. Hunter Perkins Capital Management LLC lifted its holdings in shares of AXIS Capital by 3.6% in the third quarter. Hunter Perkins Capital Management LLC now owns 13,850 shares of the insurance provider’s stock valued at $781,000 after purchasing an additional 475 shares in the last quarter. Cannon Global Investment Management LLC bought a new stake in AXIS Capital during the third quarter worth $209,000. Finally, Raymond James & Associates raised its position in AXIS Capital by 12.4% in the 3rd quarter. Raymond James & Associates now owns 527,945 shares of the insurance provider’s stock valued at $29,760,000 after buying an additional 58,052 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

AXIS Capital Price Performance

Shares of NYSE:AXS opened at $61.90 on Friday. The company has a 50 day moving average of $62.73 and a 200 day moving average of $58.49. The stock has a market cap of $5.24 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.20 and a beta of 0.80. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30. AXIS Capital Holdings Limited has a 12 month low of $51.61 and a 12 month high of $65.86.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.94 earnings per share for the quarter, topping the consensus estimate of ($1.25) by $4.19. AXIS Capital had a net margin of 6.67% and a return on equity of 19.25%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.42 billion. As a group, sell-side analysts forecast that AXIS Capital Holdings Limited will post 10.39 EPS for the current fiscal year.

AXIS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Monday, March 4th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.76 dividend on an annualized basis and a yield of 2.84%. AXIS Capital’s dividend payout ratio is presently 43.78%.

Insider Buying and Selling at AXIS Capital

In other news, Director Stanley A. Galanski acquired 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were bought at an average cost of $58.45 per share, with a total value of $409,150.00. Following the acquisition, the director now owns 9,763 shares in the company, valued at approximately $570,647.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

AXS has been the subject of several recent analyst reports. StockNews.com lowered shares of AXIS Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. UBS Group raised their price objective on shares of AXIS Capital from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Keefe, Bruyette & Woods increased their target price on shares of AXIS Capital from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their price target on shares of AXIS Capital from $59.00 to $57.00 and set an “underweight” rating on the stock in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, AXIS Capital presently has a consensus rating of “Hold” and an average target price of $67.33.

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.