Deutsche Bank AG reduced its position in Axis Capital Holdings Limited (NYSE:AXS) by 28.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,015 shares of the insurance provider’s stock after selling 90,122 shares during the quarter. Deutsche Bank AG owned 0.26% of Axis Capital worth $11,462,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. First Mercantile Trust Co. increased its position in shares of Axis Capital by 120.8% during the fourth quarter. First Mercantile Trust Co. now owns 530 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 290 shares during the period. Strs Ohio increased its position in shares of Axis Capital by 3.1% during the fourth quarter. Strs Ohio now owns 11,140 shares of the insurance provider’s stock worth $575,000 after acquiring an additional 330 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Axis Capital by 7.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,934 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 341 shares during the period. Whittier Trust Co. increased its position in shares of Axis Capital by 7.5% during the fourth quarter. Whittier Trust Co. now owns 5,725 shares of the insurance provider’s stock worth $296,000 after acquiring an additional 400 shares during the period. Finally, Standard Life Aberdeen plc increased its position in shares of Axis Capital by 2.5% during the third quarter. Standard Life Aberdeen plc now owns 17,944 shares of the insurance provider’s stock worth $1,036,000 after acquiring an additional 436 shares during the period. 90.30% of the stock is currently owned by institutional investors.
NYSE AXS opened at $57.17 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.56 and a current ratio of 0.56. Axis Capital Holdings Limited has a 52-week low of $48.27 and a 52-week high of $60.69. The company has a market cap of $4.78 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 1.29 and a beta of 0.42.
Axis Capital (NYSE:AXS) last released its quarterly earnings data on Wednesday, January 30th. The insurance provider reported ($1.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.34) by ($0.43). Axis Capital had a net margin of 0.85% and a return on equity of 4.12%. The business had revenue of $752.70 million for the quarter, compared to the consensus estimate of $737.03 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. Axis Capital’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts predict that Axis Capital Holdings Limited will post 5.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.80%. Axis Capital’s dividend payout ratio is presently 83.33%.
A number of brokerages have recently commented on AXS. UBS Group raised their target price on shares of Axis Capital from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Zacks Investment Research raised shares of Axis Capital from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods raised shares of Axis Capital from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $61.00 to $67.00 in a research report on Wednesday, March 13th. ValuEngine lowered shares of Axis Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, TheStreet lowered shares of Axis Capital from a “b-” rating to a “c” rating in a research report on Thursday, January 31st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Axis Capital has a consensus rating of “Hold” and an average target price of $61.57.
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Axis Capital Company Profile
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.
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