Pallas Capital Advisors LLC Purchases 836 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Pallas Capital Advisors LLC raised its position in AXIS Capital Holdings Limited (NYSE:AXS) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,039 shares of the insurance provider’s stock after acquiring an additional 836 shares during the period. Pallas Capital Advisors LLC’s holdings in AXIS Capital were worth $1,067,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AXS. Independent Advisor Alliance grew its holdings in shares of AXIS Capital by 0.4% in the 3rd quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider’s stock worth $2,591,000 after purchasing an additional 125 shares during the last quarter. Pathstone Holdings LLC grew its stake in AXIS Capital by 0.4% during the third quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider’s stock worth $2,542,000 after buying an additional 127 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock worth $59,000 after buying an additional 130 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of AXIS Capital by 32.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after buying an additional 148 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of AXIS Capital by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 15,394 shares of the insurance provider’s stock worth $1,226,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AXS. UBS Group raised their price target on AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group raised their target price on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on shares of AXIS Capital from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen raised their price objective on shares of AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, BMO Capital Markets initiated coverage on shares of AXIS Capital in a research note on Monday. They set a “market perform” rating and a $93.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $99.75.

AXIS Capital Trading Up 0.4 %

AXS opened at $85.84 on Tuesday. The firm has a 50 day simple moving average of $88.65 and a 200 day simple moving average of $80.64. AXIS Capital Holdings Limited has a fifty-two week low of $53.88 and a fifty-two week high of $94.89. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60.

AXIS Capital (NYSE:AXS) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, beating the consensus estimate of $2.55 by $0.16. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the company posted $2.34 EPS. On average, sell-side analysts anticipate that AXIS Capital Holdings Limited will post 10.83 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, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, December 31st. AXIS Capital’s dividend payout ratio (DPR) is currently 24.41%.

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.