Pathstone Holdings LLC Acquires 127 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Pathstone Holdings LLC grew its holdings in AXIS Capital Holdings Limited (NYSE:AXS) by 0.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,785 shares of the insurance provider’s stock after buying an additional 127 shares during the quarter. Pathstone Holdings LLC’s holdings in AXIS Capital were worth $2,542,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. CIBC Asset Management Inc bought a new position in AXIS Capital in the third quarter worth approximately $212,000. Victory Capital Management Inc. raised its position in shares of AXIS Capital by 2.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,394,491 shares of the insurance provider’s stock worth $111,015,000 after acquiring an additional 33,241 shares in the last quarter. Entropy Technologies LP bought a new position in shares of AXIS Capital in the 3rd quarter worth $507,000. Versor Investments LP purchased a new stake in shares of AXIS Capital during the 3rd quarter worth $247,000. Finally, Capital Performance Advisors LLP bought a new stake in AXIS Capital during the third quarter valued at about $99,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

AXIS Capital Trading Up 2.8 %

NYSE AXS opened at $91.23 on Tuesday. AXIS Capital Holdings Limited has a 12-month low of $53.49 and a 12-month high of $91.43. The company has a fifty day simple moving average of $81.47 and a two-hundred day simple moving average of $75.91. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.63 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.30 and a beta of 0.90.

AXIS Capital (NYSE:AXS) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. During the same quarter last year, the business posted $2.34 EPS. On average, analysts forecast that AXIS Capital Holdings Limited will post 10.89 earnings per share for the current year.

AXIS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were given a $0.44 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a yield of 1.93%. AXIS Capital’s dividend payout ratio is currently 24.41%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group boosted their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group boosted their price objective on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Roth Mkm raised their target price on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods upped their price target on AXIS Capital from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Bank of America raised their price objective on AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.86.

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.