Keybank National Association OH Sells 5,863 Shares of Axis Capital Holdings Limited $AXS

Keybank National Association OH cut its holdings in Axis Capital Holdings Limited (NYSE:AXS) by 26.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,413 shares of the insurance provider’s stock after selling 5,863 shares during the period. Keybank National Association OH’s holdings in Axis Capital were worth $1,704,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Axis Capital by 1,542.9% in the first quarter. IFP Advisors Inc now owns 575 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 540 shares during the period. Parallel Advisors LLC increased its stake in shares of Axis Capital by 34.0% in the second quarter. Parallel Advisors LLC now owns 1,021 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 259 shares during the period. Private Trust Co. NA increased its stake in shares of Axis Capital by 36.9% in the first quarter. Private Trust Co. NA now owns 1,184 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 319 shares during the period. New York State Teachers Retirement System bought a new position in shares of Axis Capital in the second quarter worth about $126,000. Finally, US Bancorp DE increased its stake in shares of Axis Capital by 34.3% in the first quarter. US Bancorp DE now owns 1,628 shares of the insurance provider’s stock worth $163,000 after purchasing an additional 416 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Axis Capital Stock Up 0.1%

NYSE AXS opened at $93.62 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average is $95.48 and its two-hundred day moving average is $97.81. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 1.06 and a beta of 0.73. Axis Capital Holdings Limited has a 1-year low of $77.21 and a 1-year high of $107.19.

Axis Capital (NYSE:AXS) last released its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.53. The company had revenue of $184.90 million for the quarter, compared to the consensus estimate of $1.33 billion. Axis Capital had a return on equity of 19.25% and a net margin of 16.08%.The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.71 earnings per share. Equities analysts forecast that Axis Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

Axis Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Axis Capital’s payout ratio is presently 14.55%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group lifted their price objective on Axis Capital from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen lowered Axis Capital from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings restated a “buy (b+)” rating on shares of Axis Capital in a research note on Wednesday, October 8th. The Goldman Sachs Group assumed coverage on Axis Capital in a research note on Tuesday, October 14th. They set a “neutral” rating and a $104.00 price target on the stock. Finally, Wells Fargo & Company set a $123.00 price target on Axis Capital and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Axis Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.29.

Insider Buying and Selling

In other Axis Capital news, insider Daniel J. Draper sold 4,305 shares of Axis Capital stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $97.57, for a total transaction of $420,038.85. Following the sale, the insider directly owned 16,269 shares of the company’s stock, valued at approximately $1,587,366.33. The trade was a 20.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry B. Smith sold 3,500 shares of Axis Capital stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $98.67, for a total value of $345,345.00. Following the sale, the director directly owned 47,295 shares in the company, valued at $4,666,597.65. The trade was a 6.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,205 shares of company stock worth $1,188,048 over the last ninety days. Company insiders own 0.70% of the company’s stock.

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.