Crestline Management LP raised its stake in Axis Capital Holdings Limited (NYSE:AXS) by 210.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,111 shares of the insurance provider’s stock after purchasing an additional 25,843 shares during the period. Crestline Management LP’s holdings in Axis Capital were worth $1,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Millennium Management LLC grew its stake in Axis Capital by 420.6% in the fourth quarter. Millennium Management LLC now owns 642,759 shares of the insurance provider’s stock valued at $32,305,000 after purchasing an additional 519,283 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in shares of Axis Capital by 109.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 38,108 shares of the insurance provider’s stock worth $1,915,000 after acquiring an additional 19,936 shares during the last quarter. Wolverine Trading LLC purchased a new stake in shares of Axis Capital during the fourth quarter worth about $373,000. Elkfork Partners LLC grew its stake in shares of Axis Capital by 52.5% during the fourth quarter. Elkfork Partners LLC now owns 21,776 shares of the insurance provider’s stock worth $1,094,000 after acquiring an additional 7,498 shares during the last quarter. Finally, NWQ Investment Management Company LLC grew its stake in shares of Axis Capital by 9.9% during the fourth quarter. NWQ Investment Management Company LLC now owns 1,356,863 shares of the insurance provider’s stock worth $68,196,000 after acquiring an additional 122,224 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.
Axis Capital Holdings Limited (NYSE:AXS) traded down $0.40 during trading on Wednesday, hitting $55.20. The company had a trading volume of 71,201 shares, compared to its average volume of 946,689. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.49 and a quick ratio of 0.49. Axis Capital Holdings Limited has a 12-month low of $47.43 and a 12-month high of $68.87.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Wednesday, March 28th. Axis Capital’s dividend payout ratio (DPR) is -31.20%.
In other news, Director Charles A. Davis bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $49.90 per share, with a total value of $1,247,500.00. Following the completion of the acquisition, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $1,699,743.70. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.89% of the company’s stock.
A number of equities research analysts have recently weighed in on AXS shares. Wells Fargo & Co upgraded Axis Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Zacks Investment Research lowered Axis Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Deutsche Bank dropped their price target on Axis Capital from $55.00 to $54.00 and set a “hold” rating on the stock in a research note on Friday, February 9th. UBS Group upgraded Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 price target on the stock in a research note on Thursday, January 11th. Finally, ValuEngine upgraded Axis Capital from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Axis Capital currently has an average rating of “Hold” and an average price target of $60.22.
WARNING: “Crestline Management LP Has $1.92 Million Holdings in Axis Capital Holdings Limited (AXS)” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/03/14/crestline-management-lp-has-1-92-million-holdings-in-axis-capital-holdings-limited-axs.html.
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.
Want to see what other hedge funds are holding AXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axis Capital Holdings Limited (NYSE:AXS).
Receive News & Ratings for Axis Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axis Capital and related companies with MarketBeat.com's FREE daily email newsletter.