KBC Group NV reduced its holdings in Axis Capital Holdings Limited (NYSE:AXS) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,019 shares of the insurance provider’s stock after selling 6,427 shares during the period. KBC Group NV owned approximately 0.26% of Axis Capital worth $10,707,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Toronto Dominion Bank grew its holdings in shares of Axis Capital by 237.6% during the 3rd quarter. Toronto Dominion Bank now owns 3,572 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 2,514 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Axis Capital during the 2nd quarter worth approximately $207,000. Magnetar Financial LLC acquired a new stake in shares of Axis Capital during the 3rd quarter worth approximately $224,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Axis Capital during the 3rd quarter worth approximately $256,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Axis Capital during the 3rd quarter worth approximately $265,000. 85.27% of the stock is currently owned by institutional investors.
Shares of Axis Capital Holdings Limited (AXS) opened at $50.39 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21. Axis Capital Holdings Limited has a one year low of $47.98 and a one year high of $71.06.
Axis Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). The company had revenue of $729.42 million during the quarter, compared to analyst estimates of $549.41 million. Axis Capital had a negative net margin of 8.04% and a negative return on equity of 4.39%. Axis Capital’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. equities analysts predict that Axis Capital Holdings Limited will post 4.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.39 dividend. This is a positive change from Axis Capital’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.56 annualized dividend and a yield of 3.10%. Axis Capital’s payout ratio is currently -31.20%.
Several analysts have recently weighed in on the company. MKM Partners decreased their price objective on Axis Capital from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. ValuEngine raised Axis Capital from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Wells Fargo & Co reissued a “hold” rating and set a $52.00 price objective on shares of Axis Capital in a report on Wednesday, February 7th. Zacks Investment Research lowered Axis Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 27th. Finally, Morgan Stanley decreased their price objective on Axis Capital from $70.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.22.
In related news, EVP Conrad D. Brooks sold 7,500 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.31, for a total value of $392,325.00. Following the sale, the executive vice president now owns 6,027 shares of the company’s stock, valued at approximately $315,272.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.89% of the stock is owned by insiders.
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Axis Capital Profile
AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.
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