Axis Capital Holdings Ltd. (NYSE:AXS) announced a dividend on Thursday, September 22nd. Stockholders of record on Monday, October 3rd will be paid a dividend of 0.35 per share on Monday, October 17th. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from Axis Capital Holdings’s previous dividend of $0.29.

Shares of Axis Capital Holdings (NYSE:AXS) traded down 1.24% during midday trading on Friday, hitting $55.15. 149,888 shares of the stock were exchanged. The firm has a 50-day moving average price of $55.91 and a 200 day moving average price of $54.72. The firm has a market cap of $5.00 billion, a PE ratio of 9.78 and a beta of 0.78. Axis Capital Holdings has a 12-month low of $51.01 and a 12-month high of $57.98.

Axis Capital Holdings (NYSE:AXS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Axis Capital Holdings had a net margin of 14.19% and a return on equity of 6.44%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $983.53 million. During the same period last year, the firm posted $0.93 EPS. Axis Capital Holdings’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts predict that Axis Capital Holdings will post $3.60 earnings per share for the current fiscal year.

In related news, EVP Richard T. Gieryn, Jr. sold 10,400 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $56.15, for a total value of $583,960.00. Following the sale, the executive vice president now directly owns 15,958 shares in the company, valued at approximately $896,041.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in AXS. Caisse DE Depot ET Placement DU Quebec raised its stake in Axis Capital Holdings by 14.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,000 shares of the company’s stock valued at $1,650,000 after buying an additional 3,700 shares in the last quarter. Arizona State Retirement System increased its position in shares of Axis Capital Holdings by 15.6% in the second quarter. Arizona State Retirement System now owns 64,200 shares of the company’s stock valued at $3,531,000 after buying an additional 8,640 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Axis Capital Holdings by 2.6% in the second quarter. Guggenheim Capital LLC now owns 106,837 shares of the company’s stock valued at $5,877,000 after buying an additional 2,748 shares during the last quarter. Janus Capital Management LLC increased its position in shares of Axis Capital Holdings by 100.5% in the second quarter. Janus Capital Management LLC now owns 397,000 shares of the company’s stock valued at $21,835,000 after buying an additional 199,000 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Axis Capital Holdings by 455.0% in the second quarter. Pacer Advisors Inc. now owns 7,864 shares of the company’s stock valued at $433,000 after buying an additional 6,447 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Axis Capital Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Morgan Stanley lifted their price objective on shares of Axis Capital Holdings from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, July 28th. Citigroup Inc. reiterated a “neutral” rating on shares of Axis Capital Holdings in a research report on Tuesday, June 21st. Janney Montgomery Scott lowered shares of Axis Capital Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 26th. Finally, Langen Mcalenn lowered shares of Axis Capital Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 26th. Eight equities research analysts have rated the stock with a hold rating, Axis Capital Holdings currently has a consensus rating of “Hold” and a consensus target price of $59.00.

About Axis Capital Holdings

AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re.

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