Axis Capital Holdings Limited $AXS Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 48.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 236,326 shares of the insurance provider’s stock after buying an additional 77,390 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.30% of Axis Capital worth $22,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AXS. Smithfield Trust Co lifted its holdings in Axis Capital by 94.0% in the second quarter. Smithfield Trust Co now owns 293 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 142 shares during the period. AlphaCore Capital LLC acquired a new position in shares of Axis Capital in the 2nd quarter valued at $37,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Axis Capital in the second quarter worth about $41,000. Allworth Financial LP boosted its position in Axis Capital by 145.1% during the second quarter. Allworth Financial LP now owns 581 shares of the insurance provider’s stock worth $60,000 after purchasing an additional 344 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Axis Capital during the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Mizuho started coverage on Axis Capital in a research note on Monday, December 15th. They set an “outperform” rating and a $133.00 price objective for the company. Keefe, Bruyette & Woods raised their price target on shares of Axis Capital from $121.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Axis Capital in a research note on Monday, December 29th. UBS Group raised their target price on shares of Axis Capital from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Compass Point set a $121.00 price target on Axis Capital in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Axis Capital has an average rating of “Moderate Buy” and an average target price of $118.90.

Axis Capital Stock Performance

Shares of AXS stock opened at $103.80 on Friday. The firm’s 50 day moving average is $102.66 and its 200 day moving average is $98.66. The stock has a market capitalization of $8.00 billion, a P/E ratio of 8.58, a PEG ratio of 1.03 and a beta of 0.65. Axis Capital Holdings Limited has a 12 month low of $83.90 and a 12 month high of $110.34. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27.

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

Axis Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Axis Capital’s payout ratio is presently 14.55%.

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.