7,947 Shares in Axis Capital Holdings Limited $AXS Purchased by R Squared Ltd

R Squared Ltd purchased a new stake in shares of Axis Capital Holdings Limited (NYSE:AXS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,947 shares of the insurance provider’s stock, valued at approximately $761,000.

A number of other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Axis Capital during the 3rd quarter valued at approximately $29,000. Smithfield Trust Co raised its stake in Axis Capital by 94.0% during the second quarter. Smithfield Trust Co now owns 293 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. AlphaCore Capital LLC bought a new position in Axis Capital during the second quarter valued at $37,000. Elevation Point Wealth Partners LLC bought a new position in Axis Capital during the second quarter valued at $41,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Axis Capital in the 3rd quarter worth $43,000. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

AXS has been the topic of several recent research reports. Weiss Ratings cut shares of Axis Capital from a “buy (a-)” rating to a “buy (b)” rating in a research report on Thursday, January 22nd. Compass Point set a $121.00 price objective on Axis Capital in a research report on Monday, November 24th. Keefe, Bruyette & Woods lifted their target price on Axis Capital from $121.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Jefferies Financial Group restated a “buy” rating and set a $122.00 price target on shares of Axis Capital in a report on Friday, January 30th. Finally, Bank of America lowered their price target on Axis Capital from $119.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Axis Capital currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Axis Capital Trading Up 2.0%

AXS opened at $104.67 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s 50 day moving average price is $104.13 and its 200-day moving average price is $99.90. Axis Capital Holdings Limited has a one year low of $84.81 and a one year high of $110.34. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 3.05 and a beta of 0.63.

Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, January 28th. The insurance provider reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.28. Axis Capital had a return on equity of 18.90% and a net margin of 15.37%.The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business earned $3.38 EPS. Axis Capital’s revenue was up 17.8% compared to the same quarter last year. On average, equities analysts forecast that Axis Capital Holdings Limited will post 11.19 EPS for the current year.

Axis Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.44 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.7%. Axis Capital’s dividend payout ratio is presently 14.21%.

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.