Mirabella Financial Services LLP Has $17.14 Million Stock Holdings in Axis Capital Holdings Limited $AXS

Mirabella Financial Services LLP grew its position in Axis Capital Holdings Limited (NYSE:AXS) by 28.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,105 shares of the insurance provider’s stock after purchasing an additional 37,027 shares during the period. Axis Capital comprises about 1.8% of Mirabella Financial Services LLP’s holdings, making the stock its 12th largest position. Mirabella Financial Services LLP owned approximately 0.21% of Axis Capital worth $17,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its stake in shares of Axis Capital by 6.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,280 shares of the insurance provider’s stock valued at $329,000 after buying an additional 202 shares in the last quarter. Cetera Investment Advisers lifted its stake in Axis Capital by 2.0% in the first quarter. Cetera Investment Advisers now owns 8,231 shares of the insurance provider’s stock valued at $825,000 after acquiring an additional 161 shares during the last quarter. US Bancorp DE lifted its stake in Axis Capital by 34.3% in the first quarter. US Bancorp DE now owns 1,628 shares of the insurance provider’s stock valued at $163,000 after acquiring an additional 416 shares during the last quarter. Intrust Bank NA grew its position in Axis Capital by 2.9% in the first quarter. Intrust Bank NA now owns 6,042 shares of the insurance provider’s stock worth $606,000 after acquiring an additional 170 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Axis Capital by 12.2% during the 1st quarter. Deutsche Bank AG now owns 7,145 shares of the insurance provider’s stock worth $716,000 after purchasing an additional 776 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Axis Capital Stock Performance

AXS opened at $99.62 on Friday. The stock’s 50 day simple moving average is $96.90 and its 200-day simple moving average is $98.18. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.67 billion, a PE ratio of 8.23, a P/E/G ratio of 0.96 and a beta of 0.65. Axis Capital Holdings Limited has a 1 year low of $83.90 and a 1 year high of $107.19.

Axis Capital (NYSE:AXS) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $3.25 EPS for the quarter, topping the consensus estimate of $2.72 by $0.53. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Axis Capital had a return on equity of 18.99% and a net margin of 16.08%.Axis Capital’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $2.71 earnings per share. Sell-side analysts forecast that Axis Capital Holdings Limited will post 11.19 EPS for the current year.

Axis Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.8%. Axis Capital’s dividend payout ratio is presently 14.55%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AXS. UBS Group lifted their price objective on shares of Axis Capital from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group initiated coverage on Axis Capital in a report on Tuesday, October 14th. They issued a “neutral” rating and a $104.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Axis Capital in a research note on Monday. Compass Point set a $121.00 target price on shares of Axis Capital in a research report on Monday, November 24th. Finally, Wells Fargo & Company set a $123.00 price objective on Axis Capital and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.75.

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.