R Squared Ltd Invests $82,000 in AXIS Capital Holdings Limited (NYSE:AXS)

R Squared Ltd purchased a new stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 928 shares of the insurance provider’s stock, valued at approximately $82,000.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of AXIS Capital in the third quarter valued at $40,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in AXIS Capital by 32.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 148 shares during the last quarter. Versant Capital Management Inc increased its position in AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 130 shares in the last quarter. Blue Trust Inc. raised its stake in shares of AXIS Capital by 424.6% in the third quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 985 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of AXIS Capital during the third quarter worth approximately $99,000. Institutional investors own 93.44% of the company’s stock.

AXIS Capital Price Performance

AXIS Capital stock opened at $90.98 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $7.61 billion, a P/E ratio of 7.37, a PEG ratio of 0.29 and a beta of 0.95. The business has a 50-day moving average of $90.09 and a 200-day moving average of $82.50. AXIS Capital Holdings Limited has a 1 year low of $55.56 and a 1 year high of $94.89.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. On average, equities analysts anticipate that AXIS Capital Holdings Limited will post 11.45 EPS for the current year.

AXIS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, December 31st. AXIS Capital’s payout ratio is presently 14.25%.

Analyst Upgrades and Downgrades

AXS has been the subject of a number of research reports. TD Cowen raised their price target on shares of AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company lowered their target price on AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered AXIS Capital from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group lifted their price objective on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group upped their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.25.

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.