U.S. Capital Wealth Advisors LLC Acquires 1,000 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

U.S. Capital Wealth Advisors LLC boosted its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,100 shares of the insurance provider’s stock after purchasing an additional 1,000 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in AXIS Capital were worth $282,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AXS. Steph & Co. lifted its stake in shares of AXIS Capital by 2.3% in the 4th quarter. Steph & Co. now owns 10,028 shares of the insurance provider’s stock valued at $555,000 after acquiring an additional 225 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of AXIS Capital by 14.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,833 shares of the insurance provider’s stock worth $101,000 after purchasing an additional 237 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of AXIS Capital by 1.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,830 shares of the insurance provider’s stock worth $821,000 after buying an additional 241 shares during the period. Raymond James Trust N.A. boosted its position in AXIS Capital by 2.9% during the 4th quarter. Raymond James Trust N.A. now owns 8,688 shares of the insurance provider’s stock valued at $481,000 after buying an additional 246 shares during the period. Finally, Intrust Bank NA grew its holdings in AXIS Capital by 5.2% in the 4th quarter. Intrust Bank NA now owns 6,000 shares of the insurance provider’s stock worth $332,000 after acquiring an additional 294 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AXS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their target price on shares of AXIS Capital from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. UBS Group boosted their target price on AXIS Capital from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Wells Fargo & Company cut 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. Finally, StockNews.com upgraded shares of AXIS Capital from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, AXIS Capital currently has an average rating of “Hold” and a consensus price target of $67.33.

AXIS Capital Stock Performance

AXS stock opened at $68.80 on Wednesday. The stock has a market capitalization of $5.82 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. The stock’s 50 day simple moving average is $63.06 and its 200 day simple moving average is $58.88. AXIS Capital Holdings Limited has a 12-month low of $51.61 and a 12-month high of $69.11. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.38.

AXIS Capital (NYSE:AXS) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.40 by $0.17. AXIS Capital had a return on equity of 19.11% and a net margin of 10.34%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $2.33 earnings per share. AXIS Capital’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts forecast that AXIS Capital Holdings Limited will post 10.17 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Monday, March 4th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Friday, March 1st. AXIS Capital’s dividend payout ratio (DPR) is presently 26.91%.

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.