Arbejdsmarkedets Tillaegspension Acquires Shares of 234,726 Axis Capital Holdings Limited $AXS

Arbejdsmarkedets Tillaegspension acquired a new stake in Axis Capital Holdings Limited (NYSE:AXS) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 234,726 shares of the insurance provider’s stock, valued at approximately $25,137,000. Axis Capital comprises about 0.6% of Arbejdsmarkedets Tillaegspension’s holdings, making the stock its 6th largest position.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management bought a new position in Axis Capital in the 4th quarter valued at $30,000. Root Financial Partners LLC purchased a new stake in shares of Axis Capital in the 3rd quarter worth $29,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Axis Capital in the 3rd quarter worth $43,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Axis Capital in the 4th quarter worth $51,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Axis Capital in the 4th quarter worth $55,000. Institutional investors own 93.44% of the company’s stock.

Axis Capital Trading Up 0.4%

Shares of NYSE AXS opened at $97.64 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $7.20 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. Axis Capital Holdings Limited has a 1-year low of $88.07 and a 1-year high of $110.34. The business has a fifty day moving average price of $100.57 and a 200 day moving average price of $101.70.

Axis Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.09. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Axis Capital had a return on equity of 18.12% and a net margin of 16.00%.The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.17 EPS. Equities research analysts expect that Axis Capital Holdings Limited will post 13.2 EPS for the current fiscal year.

Axis Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, June 30th. Axis Capital’s dividend payout ratio is 13.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AXS shares. UBS Group reiterated a “buy” rating on shares of Axis Capital in a report on Monday, February 2nd. Mizuho set a $137.00 target price on Axis Capital in a report on Monday, May 4th. Royal Bank Of Canada upped their target price on Axis Capital from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Bank of America lowered their target price on Axis Capital from $115.00 to $106.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, Wells Fargo & Company lowered their target price on Axis Capital from $123.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.10.

Insider Buying and Selling at Axis Capital

In related news, Director Henry B. Smith sold 2,542 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $98.69, for a total transaction of $250,869.98. Following the completion of the sale, the director directly owned 46,347 shares in the company, valued at $4,573,985.43. This represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

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.