Arbejdsmarkedets Tillaegspension Has $25.32 Million Position in Axis Capital Holdings Limited $AXS

Arbejdsmarkedets Tillaegspension raised its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 6.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,720 shares of the insurance provider’s stock after purchasing an additional 14,994 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Axis Capital were worth $25,324,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of Axis Capital by 30.9% during the fourth quarter. AQR Capital Management LLC now owns 4,592,270 shares of the insurance provider’s stock valued at $491,786,000 after buying an additional 1,083,579 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Axis Capital by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,382,665 shares of the insurance provider’s stock worth $362,263,000 after acquiring an additional 63,751 shares during the last quarter. State Street Corp lifted its position in Axis Capital by 1.0% in the 2nd quarter. State Street Corp now owns 1,631,198 shares of the insurance provider’s stock valued at $170,069,000 after acquiring an additional 15,755 shares in the last quarter. Geode Capital Management LLC lifted its position in Axis Capital by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,387,004 shares of the insurance provider’s stock valued at $148,565,000 after acquiring an additional 10,246 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Axis Capital by 41.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,370,479 shares of the insurance provider’s stock valued at $146,765,000 after purchasing an additional 400,068 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity at Axis Capital

In related news, Director Henry B. Smith sold 2,542 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 46,347 shares in the company, valued at approximately $4,573,985.43. This represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Axis Capital Price Performance

Axis Capital stock opened at $113.13 on Monday. Axis Capital Holdings Limited has a 52 week low of $88.07 and a 52 week high of $115.91. The company’s 50 day moving average price is $102.16 and its two-hundred day moving average price is $102.49. The stock has a market cap of $8.34 billion, a P/E ratio of 8.43, a P/E/G ratio of 3.47 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.25.

Axis Capital (NYSE:AXS) last released its earnings results on Wednesday, April 29th. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.09. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.72 billion. Axis Capital had a return on equity of 18.12% and a net margin of 16.00%.Axis Capital’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.17 earnings per share. On average, equities analysts predict that Axis Capital Holdings Limited will post 13.2 earnings per share for the current year.

Axis Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Axis Capital’s dividend payout ratio is currently 13.11%.

Analysts Set New Price Targets

AXS has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price objective on Axis Capital from $126.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. UBS Group lifted their target price on Axis Capital from $129.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday. Mizuho upped their price target on Axis Capital from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company increased their price target on Axis Capital from $119.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Bank of America dropped their price objective on Axis Capital from $115.00 to $106.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Axis Capital presently has a consensus rating of “Moderate Buy” and an average price target of $124.70.

About Axis Capital

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.