Amundi Pioneer Asset Management Inc. acquired a new position in shares of Axis Capital Holdings Limited (NYSE:AXS) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 409,989 shares of the insurance provider’s stock, valued at approximately $20,606,000. Amundi Pioneer Asset Management Inc. owned approximately 0.49% of Axis Capital as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in AXS. River Road Asset Management LLC boosted its position in shares of Axis Capital by 48.3% during the 4th quarter. River Road Asset Management LLC now owns 1,088,567 shares of the insurance provider’s stock worth $54,711,000 after acquiring an additional 354,291 shares in the last quarter. Cambiar Investors LLC acquired a new position in shares of Axis Capital during the 4th quarter worth about $12,714,000. NWQ Investment Management Company LLC boosted its position in shares of Axis Capital by 23.8% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,234,639 shares of the insurance provider’s stock valued at $70,757,000 after purchasing an additional 237,661 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Axis Capital in the 3rd quarter valued at about $12,455,000. Finally, First Trust Advisors LP boosted its position in shares of Axis Capital by 27.3% in the 4th quarter. First Trust Advisors LP now owns 715,188 shares of the insurance provider’s stock valued at $35,945,000 after purchasing an additional 153,228 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.
Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at $55.16 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $4,590.00, a P/E ratio of -11.01, a price-to-earnings-growth ratio of 1.50 and a beta of 0.49. Axis Capital Holdings Limited has a one year low of $47.43 and a one year high of $69.11.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, March 28th. Axis Capital’s dividend payout ratio is presently -31.14%.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Axis Capital from a “sell” rating to a “hold” rating in a research report on Monday. ValuEngine raised Axis Capital from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Wells Fargo & Co reissued a “hold” rating and issued a $52.00 target price on shares of Axis Capital in a research report on Wednesday, February 7th. Deutsche Bank decreased their target price on Axis Capital from $55.00 to $54.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Finally, UBS Group raised Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 target price for the company in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $60.22.
In related news, Director Charles A. Davis acquired 25,000 shares of Axis Capital stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $49.90 per share, with a total value of $1,247,500.00. Following the purchase, the director now directly owns 34,063 shares in the company, valued at $1,699,743.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.89% of the stock is owned by corporate insiders.
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About Axis Capital
AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.
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