Corient Private Wealth LLC Boosts Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Corient Private Wealth LLC grew its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 53.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,974 shares of the insurance provider’s stock after buying an additional 17,460 shares during the period. Corient Private Wealth LLC’s holdings in AXIS Capital were worth $4,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AXS. Raymond James Financial Inc. purchased a new position in shares of AXIS Capital during the 4th quarter valued at approximately $88,175,000. Swedbank AB purchased a new stake in AXIS Capital in the 4th quarter worth $31,118,000. Principal Financial Group Inc. increased its holdings in AXIS Capital by 7,053.2% in the 4th quarter. Principal Financial Group Inc. now owns 353,941 shares of the insurance provider’s stock worth $31,366,000 after acquiring an additional 348,993 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AXIS Capital by 131.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 254,551 shares of the insurance provider’s stock worth $20,265,000 after acquiring an additional 144,792 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in AXIS Capital by 48.6% in the 3rd quarter. Franklin Resources Inc. now owns 371,557 shares of the insurance provider’s stock worth $30,070,000 after acquiring an additional 121,437 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

AXIS Capital Trading Down 0.0 %

Shares of AXS opened at $95.00 on Friday. AXIS Capital Holdings Limited has a 52-week low of $60.45 and a 52-week high of $98.11. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average is $91.93 and its two-hundred day moving average is $87.00. The stock has a market cap of $7.67 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 3.96 and a beta of 0.91.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, beating 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%. Research analysts forecast that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. AXIS Capital’s payout ratio is 14.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AXS shares. Wells Fargo & Company cut their price target on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on shares of AXIS Capital from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, March 13th. StockNews.com raised shares of AXIS Capital from a “hold” rating to a “buy” rating in a report on Tuesday, March 4th. JMP Securities reissued a “market perform” rating on shares of AXIS Capital in a report on Monday, February 3rd. Finally, TD Cowen lifted their target price 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, AXIS Capital currently has an average rating of “Moderate Buy” and a consensus target price of $100.25.

Insider Activity

In other news, Director Charles A. Davis sold 2,234,636 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $89.50, for a total transaction of $199,999,922.00. Following the transaction, the director now owns 4,543,170 shares of the company’s stock, valued at approximately $406,613,715. The trade was a 32.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

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.