Trexquant Investment LP Has $3.41 Million Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Trexquant Investment LP increased its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 77.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,526 shares of the insurance provider’s stock after purchasing an additional 16,757 shares during the period. Trexquant Investment LP’s holdings in AXIS Capital were worth $3,414,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. raised its stake in shares of AXIS Capital by 719.8% in the 4th quarter. Meeder Asset Management Inc. now owns 19,569 shares of the insurance provider’s stock valued at $1,734,000 after buying an additional 17,182 shares in the last quarter. California Public Employees Retirement System raised its position in AXIS Capital by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 357,074 shares of the insurance provider’s stock worth $31,644,000 after purchasing an additional 6,017 shares in the last quarter. Schroder Investment Management Group lifted its stake in AXIS Capital by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 329,532 shares of the insurance provider’s stock worth $29,108,000 after purchasing an additional 13,018 shares during the period. Intrust Bank NA boosted its holdings in AXIS Capital by 4.9% during the fourth quarter. Intrust Bank NA now owns 5,872 shares of the insurance provider’s stock valued at $520,000 after purchasing an additional 276 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of AXIS Capital by 10.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,406 shares of the insurance provider’s stock valued at $1,011,000 after purchasing an additional 1,056 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the completion of the sale, the director now owns 2,404,133 shares in the company, valued at $224,786,435.50. The trade was a 47.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com lowered AXIS Capital from a “buy” rating to a “hold” rating in a research note on Friday. BMO Capital Markets started coverage on shares of AXIS Capital in a research note on Monday, January 13th. They issued a “market perform” rating and a $93.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on shares of AXIS Capital from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Wells Fargo & Company reduced their price target on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of AXIS Capital in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.50.

AXIS Capital Trading Down 8.4 %

Shares of NYSE AXS opened at $90.68 on Monday. AXIS Capital Holdings Limited has a 1-year low of $60.45 and a 1-year high of $101.42. 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 company has a 50-day moving average of $93.96 and a two-hundred day moving average of $88.61. The company has a market cap of $7.33 billion, a PE ratio of 7.34, a P/E/G ratio of 3.96 and a beta of 0.67.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. As a group, equities analysts expect 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. Investors of record on Monday, March 31st will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.94%. The ex-dividend date is Monday, March 31st. AXIS Capital’s dividend 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.