Axis Capital Holdings Limited $AXS Stock Holdings Lowered by Brookwood Investment Group LLC

Brookwood Investment Group LLC lowered its position in shares of Axis Capital Holdings Limited (NYSE:AXS) by 22.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,872 shares of the insurance provider’s stock after selling 3,145 shares during the period. Brookwood Investment Group LLC’s holdings in Axis Capital were worth $1,129,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its position in shares of Axis Capital by 1,542.9% during the first quarter. IFP Advisors Inc now owns 575 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 540 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Axis Capital by 34.0% during the second quarter. Parallel Advisors LLC now owns 1,021 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 259 shares during the last quarter. Private Trust Co. NA grew its position in shares of Axis Capital by 36.9% during the first quarter. Private Trust Co. NA now owns 1,184 shares of the insurance provider’s stock worth $119,000 after acquiring an additional 319 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Axis Capital during the second quarter worth about $126,000. Finally, US Bancorp DE grew its position in shares of Axis Capital by 34.3% during the first quarter. US Bancorp DE now owns 1,628 shares of the insurance provider’s stock worth $163,000 after acquiring an additional 416 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In other news, Director Henry B. Smith sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $98.67, for a total transaction of $345,345.00. Following the completion of the transaction, the director owned 47,295 shares in the company, valued at approximately $4,666,597.65. This trade represents a 6.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel J. Draper sold 4,305 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $97.57, for a total transaction of $420,038.85. Following the transaction, the insider owned 16,269 shares of the company’s stock, valued at approximately $1,587,366.33. This trade represents a 20.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,205 shares of company stock valued at $1,188,048. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AXS. UBS Group upped their price target on shares of Axis Capital from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Axis Capital in a research report on Friday. The Goldman Sachs Group initiated coverage on shares of Axis Capital in a research report on Tuesday, October 14th. They issued a “neutral” rating and a $104.00 target price for the company. Wall Street Zen lowered shares of Axis Capital from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Axis Capital from $118.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.29.

Axis Capital Stock Performance

NYSE:AXS opened at $91.20 on Monday. Axis Capital Holdings Limited has a twelve month low of $77.21 and a twelve month high of $107.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $96.11 and a 200-day moving average of $97.88. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73.

Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.41. Axis Capital had a net margin of 14.30% and a return on equity of 18.77%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm posted $2.93 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts forecast that Axis Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

Axis Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.44 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.9%. Axis Capital’s dividend payout ratio (DPR) is 16.92%.

Axis Capital Company 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.