2,387 Shares in AXIS Capital Holdings Limited (NYSE:AXS) Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new stake in AXIS Capital Holdings Limited (NYSE:AXS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,387 shares of the insurance provider’s stock, valued at approximately $190,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in shares of AXIS Capital by 8,717.0% during the second quarter. Victory Capital Management Inc. now owns 1,361,250 shares of the insurance provider’s stock worth $96,172,000 after purchasing an additional 1,345,811 shares during the last quarter. Janus Henderson Group PLC grew its position in AXIS Capital by 30.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider’s stock worth $150,928,000 after purchasing an additional 545,546 shares during the period. Levin Capital Strategies L.P. purchased a new position in shares of AXIS Capital during the 1st quarter valued at about $17,065,000. Millennium Management LLC lifted its holdings in shares of AXIS Capital by 1,644.8% in the 2nd quarter. Millennium Management LLC now owns 240,754 shares of the insurance provider’s stock valued at $17,009,000 after buying an additional 226,956 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of AXIS Capital by 9.0% in the second quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider’s stock worth $182,538,000 after buying an additional 213,559 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

AXIS Capital Stock Down 1.0 %

AXS stock opened at $85.38 on Wednesday. AXIS Capital Holdings Limited has a 52 week low of $53.49 and a 52 week high of $86.92. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $80.79 and a 200-day simple moving average of $75.50. The stock has a market capitalization of $7.14 billion, a P/E ratio of 11.84, a P/E/G ratio of 0.29 and a beta of 0.90.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.16. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted $2.34 EPS. Equities analysts forecast that AXIS Capital Holdings Limited will post 10.89 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 2.06%. AXIS Capital’s dividend payout ratio is presently 24.41%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Roth Mkm boosted their target price on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group raised their price target 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. Wells Fargo & Company upped their price objective on shares of AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Finally, Bank of America raised their target price on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to data from MarketBeat.com, AXIS Capital currently has an average rating of “Moderate Buy” and a consensus price target of $95.86.

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.