41,009 Shares in Axis Capital Holdings Limited $AXS Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new position in Axis Capital Holdings Limited (NYSE:AXS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,009 shares of the insurance provider’s stock, valued at approximately $4,392,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its stake in Axis Capital by 36.0% in the fourth quarter. Barclays PLC now owns 55,039 shares of the insurance provider’s stock worth $5,894,000 after purchasing an additional 14,559 shares in the last quarter. Aigen Investment Management LP grew its stake in Axis Capital by 59.2% in the fourth quarter. Aigen Investment Management LP now owns 15,036 shares of the insurance provider’s stock worth $1,610,000 after purchasing an additional 5,592 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Axis Capital by 147.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,591 shares of the insurance provider’s stock valued at $79,845,000 after acquiring an additional 443,761 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Axis Capital during the 4th quarter valued at $1,178,000. Finally, Kestra Advisory Services LLC bought a new stake in Axis Capital during the 4th quarter valued at $84,000. Institutional investors own 93.44% of the company’s stock.

Axis Capital Stock Up 0.0%

Axis Capital stock opened at $101.47 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 3.10 and a beta of 0.51. Axis Capital Holdings Limited has a 1-year low of $88.07 and a 1-year high of $110.34. The business has a fifty day moving average price of $99.32 and a 200-day moving average price of $101.79.

Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.09. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Axis Capital had a return on equity of 18.12% and a net margin of 16.00%.The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.17 EPS. Equities research analysts forecast that Axis Capital Holdings Limited will post 13.25 EPS for the current fiscal year.

Axis Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.7%. Axis Capital’s dividend payout ratio (DPR) is presently 13.11%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AXS. Weiss Ratings cut Axis Capital from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Mizuho set a $137.00 target price on Axis Capital in a research report on Monday, May 4th. Wells Fargo & Company dropped their target price on Axis Capital from $123.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their target price on Axis Capital from $130.00 to $126.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, Bank of America dropped their target price on Axis Capital from $115.00 to $106.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.10.

Insider Buying and Selling at Axis Capital

In other news, Director Henry B. Smith sold 2,542 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $98.69, for a total value of $250,869.98. Following the completion of the sale, the director owned 46,347 shares of the company’s stock, valued at $4,573,985.43. This trade represents a 5.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

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.