Vanguard Personalized Indexing Management LLC Has $1.01 Million Stock Holdings in Axis Capital Holdings Limited $AXS

Vanguard Personalized Indexing Management LLC boosted its holdings in Axis Capital Holdings Limited (NYSE:AXS) by 11.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,732 shares of the insurance provider’s stock after acquiring an additional 992 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Axis Capital were worth $1,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. waypoint wealth counsel acquired a new stake in Axis Capital in the 2nd quarter worth about $246,000. IFP Advisors Inc raised its stake in Axis Capital by 127.3% in the 2nd quarter. IFP Advisors Inc now owns 1,307 shares of the insurance provider’s stock worth $136,000 after purchasing an additional 732 shares in the last quarter. KLP Kapitalforvaltning AS raised its stake in Axis Capital by 5.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 24,400 shares of the insurance provider’s stock worth $2,544,000 after purchasing an additional 1,200 shares in the last quarter. Elevate Capital Advisors LLC raised its stake in Axis Capital by 2.4% in the 2nd quarter. Elevate Capital Advisors LLC now owns 20,926 shares of the insurance provider’s stock worth $2,173,000 after purchasing an additional 485 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in Axis Capital in the 2nd quarter worth about $10,756,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity at Axis Capital

In related news, Director Henry B. Smith sold 3,500 shares of Axis Capital stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $98.67, for a total transaction of $345,345.00. Following the sale, the director directly owned 47,295 shares of the company’s stock, valued at approximately $4,666,597.65. The trade was a 6.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel J. Draper sold 4,305 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $97.57, for a total transaction of $420,038.85. Following the sale, the insider directly owned 16,269 shares in the company, valued at $1,587,366.33. The trade was a 20.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,205 shares of company stock worth $1,188,048 over the last ninety days. 0.70% of the stock is currently owned by insiders.

Axis Capital Price Performance

AXS stock opened at $92.51 on Monday. The firm has a market cap of $7.23 billion, a P/E ratio of 8.90, a P/E/G ratio of 1.12 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $96.60 and its two-hundred day moving average price is $97.80. Axis Capital Holdings Limited has a 12 month low of $77.21 and a 12 month high of $107.19.

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

Axis Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.9%. Axis Capital’s payout ratio is 16.92%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AXS. Wells Fargo & Company set a $123.00 price objective on shares of Axis Capital and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group began coverage on shares of Axis Capital in a research note on Tuesday, October 14th. They issued a “neutral” rating and a $104.00 price objective for the company. Wall Street Zen lowered shares of Axis Capital from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. UBS Group raised their target price on shares of Axis Capital from $119.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Axis Capital in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Axis Capital presently has an average rating of “Moderate Buy” and a consensus price target of $115.29.

About Axis Capital

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.