Axis Capital Holdings Limited $AXS Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,649 shares of the insurance provider’s stock after selling 5,357 shares during the period. Corient Private Wealth LLC’s holdings in Axis Capital were worth $5,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AXS. Caitong International Asset Management Co. Ltd raised its holdings in shares of Axis Capital by 1,024.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,608 shares of the insurance provider’s stock worth $172,000 after purchasing an additional 1,465 shares in the last quarter. Villanova Investment Management Co LLC lifted its stake in Axis Capital by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 46,710 shares of the insurance provider’s stock valued at $5,002,000 after purchasing an additional 190 shares during the last quarter. Kera Capital Partners Inc. boosted its holdings in Axis Capital by 20.7% during the fourth quarter. Kera Capital Partners Inc. now owns 3,930 shares of the insurance provider’s stock worth $406,000 after buying an additional 673 shares in the last quarter. Virtu Financial LLC bought a new stake in Axis Capital during the fourth quarter worth approximately $224,000. Finally, Mercer Global Advisors Inc. ADV grew its position in Axis Capital by 82.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 40,330 shares of the insurance provider’s stock worth $4,319,000 after buying an additional 18,234 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Transactions at Axis Capital

In other Axis Capital news, Director Henry B. Smith sold 2,542 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $98.69, for a total transaction of $250,869.98. Following the sale, the director directly owned 46,347 shares of the company’s stock, valued at $4,573,985.43. The trade was a 5.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Axis Capital Stock Performance

Shares of AXS opened at $104.65 on Friday. The company has a 50-day moving average of $99.73 and a two-hundred day moving average of $101.95. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 3.24 and a beta of 0.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.65 and a quick ratio of 0.65. Axis Capital Holdings Limited has a one year low of $88.07 and a one year high of $110.34.

Axis Capital (NYSE:AXS) last released its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.09. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.72 billion. Axis Capital had a net margin of 16.00% and a return on equity of 18.12%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.17 earnings per share. On average, equities research analysts expect that Axis Capital Holdings Limited will post 13.25 earnings per share for the current year.

Axis Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, June 30th. Axis Capital’s payout ratio is presently 13.11%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AXS shares. Mizuho set a $137.00 price target on Axis Capital in a report on Monday, May 4th. Keefe, Bruyette & Woods reduced their price objective on Axis Capital from $130.00 to $126.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings cut Axis Capital from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 4th. Bank of America decreased their target price on Axis Capital from $115.00 to $106.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, Wells Fargo & Company cut their target price on Axis Capital from $123.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Axis Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.10.

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.