Mitsubishi UFJ Trust & Banking Corp Acquires 5,766 Shares of Axis Capital Holdings Limited $AXS

Mitsubishi UFJ Trust & Banking Corp grew its position in Axis Capital Holdings Limited (NYSE:AXS) by 45.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,386 shares of the insurance provider’s stock after buying an additional 5,766 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Axis Capital were worth $1,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Axis Capital in the 3rd quarter valued at $29,000. Abich Financial Wealth Management LLC acquired a new position in shares of Axis Capital in the 3rd quarter valued at $43,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Axis Capital in the 4th quarter valued at $51,000. Bayforest Capital Ltd acquired a new position in shares of Axis Capital in the 4th quarter valued at $55,000. Finally, Mather Group LLC. acquired a new position in shares of Axis Capital in the 3rd quarter valued at $62,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Axis Capital Price Performance

Shares of NYSE AXS opened at $98.76 on Tuesday. The firm has a market cap of $7.28 billion, a PE ratio of 7.36, a PEG ratio of 3.04 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.25. Axis Capital Holdings Limited has a 1-year low of $88.07 and a 1-year high of $110.34. The company has a fifty day moving average price of $101.51 and a 200 day moving average price of $101.35.

Axis Capital (NYSE:AXS) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.09. Axis Capital had a net margin of 16.00% and a return on equity of 18.12%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business earned $3.17 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts predict that Axis Capital Holdings Limited will post 13.33 earnings per share for the current fiscal year.

Axis Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, March 31st. Axis Capital’s dividend payout ratio is currently 13.11%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Mizuho set a $137.00 price target on shares of Axis Capital in a report on Monday. Bank of America reduced their target price on shares of Axis Capital from $115.00 to $106.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. UBS Group reaffirmed a “buy” rating on shares of Axis Capital in a research note on Monday, February 2nd. Roth Mkm reaffirmed a “buy” rating and issued a $120.00 target price on shares of Axis Capital in a research note on Thursday, January 29th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Axis Capital from $130.00 to $126.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.50.

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.