Parkside Financial Bank & Trust Purchases 134 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Parkside Financial Bank & Trust raised its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,931 shares of the insurance provider’s stock after purchasing an additional 134 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AXIS Capital were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC bought a new stake in AXIS Capital during the third quarter valued at approximately $40,000. Versant Capital Management Inc lifted its position in AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 130 shares during the last quarter. Venturi Wealth Management LLC lifted its position in AXIS Capital by 28.5% during the fourth quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider’s stock valued at $74,000 after purchasing an additional 185 shares during the last quarter. R Squared Ltd bought a new stake in AXIS Capital during the fourth quarter valued at approximately $82,000. Finally, Capital Performance Advisors LLP bought a new stake in AXIS Capital during the third quarter valued at approximately $99,000. 93.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AXS has been the subject of several research analyst reports. JMP Securities reiterated a “market perform” rating on shares of AXIS Capital in a research report on Monday, February 3rd. TD Cowen lifted their price target on shares of AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods lifted their price target on shares of AXIS Capital from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. UBS Group lifted their price target on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, BMO Capital Markets assumed coverage on shares of AXIS Capital in a research note on Monday, January 13th. They set a “market perform” rating and a $93.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.88.

Insider Activity at AXIS Capital

In related news, Director Charles A. Davis sold 2,234,636 shares of AXIS Capital stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $89.50, for a total value of $199,999,922.00. Following the sale, the director now owns 4,543,170 shares in the company, valued at $406,613,715. The trade was a 32.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

AXIS Capital Stock Up 0.6 %

Shares of NYSE AXS opened at $96.89 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a 52 week low of $60.06 and a 52 week high of $97.33. The firm’s fifty day moving average is $90.38 and its 200 day moving average is $85.19. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 3.96 and a beta of 0.95.

AXIS Capital (NYSE:AXS) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 EPS for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. On average, equities research analysts expect that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, March 31st. AXIS Capital’s payout ratio is 14.25%.

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.