AXIS Capital Holdings Limited (NYSE:AXS) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in AXIS Capital Holdings Limited (NYSE:AXS) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,042,925 shares of the insurance provider’s stock after purchasing an additional 20,976 shares during the quarter. Janus Henderson Group PLC’s holdings in AXIS Capital were worth $181,045,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AXS. Steward Partners Investment Advisory LLC acquired a new position in shares of AXIS Capital in the 4th quarter valued at $53,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AXIS Capital by 73.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 285 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of AXIS Capital during the 4th quarter valued at $60,000. Assetmark Inc. acquired a new position in shares of AXIS Capital during the 4th quarter valued at $70,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of AXIS Capital by 28.5% during the 4th quarter. Venturi Wealth Management LLC now owns 833 shares of the insurance provider’s stock valued at $74,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

AXIS Capital Price Performance

AXS opened at $101.23 on Monday. The company has a 50-day moving average of $95.47 and a 200-day moving average of $91.37. The company has a market capitalization of $7.96 billion, a P/E ratio of 8.20, a PEG ratio of 3.96 and a beta of 0.82. AXIS Capital Holdings Limited has a 1-year low of $68.02 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60.

AXIS Capital (NYSE:AXS) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.53. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.83 billion. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.07 EPS. Equities analysts expect that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, March 31st. AXIS Capital’s payout ratio is currently 17.46%.

Insider Transactions at AXIS Capital

In related news, Director Charles A. Davis sold 2,139,037 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the completion of the sale, the director now owns 2,404,133 shares of the company’s stock, valued at $224,786,435.50. This represents a 47.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of AXIS Capital from $116.00 to $119.00 and gave the company a “buy” rating in a report on Friday, April 11th. UBS Group lifted their target price on shares of AXIS Capital from $105.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. JMP Securities reaffirmed a “market perform” rating on shares of AXIS Capital in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price target on shares of AXIS Capital from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Finally, StockNews.com raised shares of AXIS Capital from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.75.

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.