Axis Capital Holdings Limited $AXS Stock: Robeco Institutional Asset Management B.V. Trims Position

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 17.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 373,373 shares of the insurance provider’s stock after selling 79,235 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Axis Capital were worth $35,172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in Axis Capital by 2.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,390 shares of the insurance provider’s stock valued at $577,000 after purchasing an additional 107 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Axis Capital by 0.5% during the second quarter. Sequoia Financial Advisors LLC now owns 30,646 shares of the insurance provider’s stock worth $3,293,000 after buying an additional 159 shares during the period. Assetmark Inc. grew its holdings in shares of Axis Capital by 80.8% during the first quarter. Assetmark Inc. now owns 396 shares of the insurance provider’s stock worth $40,000 after buying an additional 177 shares during the last quarter. Farther Finance Advisors LLC increased its position in Axis Capital by 23.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,414 shares of the insurance provider’s stock valued at $133,000 after acquiring an additional 272 shares during the period. Finally, NewEdge Advisors LLC increased its position in Axis Capital by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 4,322 shares of the insurance provider’s stock valued at $464,000 after acquiring an additional 276 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Axis Capital Trading Up 3.5%

Shares of Axis Capital stock opened at $104.13 on Friday. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 3.45 and a beta of 0.45. Axis Capital Holdings Limited has a 52-week low of $88.07 and a 52-week high of $119.99. The company’s 50-day simple moving average is $98.42 and its 200-day simple moving average is $101.82. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.26.

Axis Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, July 29th. The insurance provider reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). Axis Capital had a net margin of 16.23% and a return on equity of 17.00%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm posted $3.29 EPS. Axis Capital’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Axis Capital Holdings Limited will post 12.44 earnings per share for the current year.

Axis Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Axis Capital’s dividend payout ratio is 12.50%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AXS shares. Capital One Financial set a $108.00 price objective on Axis Capital in a research report on Wednesday, July 29th. Atlantic Securities set a $122.00 target price on Axis Capital in a report on Wednesday, July 15th. Mizuho cut their price target on Axis Capital from $118.00 to $116.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Keefe, Bruyette & Woods decreased their price target on Axis Capital from $131.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.08.

Axis Capital Company Profile

Axis Capital Holdings Limited (NYSE: AXS) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides coverage and risk-management solutions for businesses, institutions and other insurers facing complex or difficult-to-place risks.

AXIS offers a range of commercial property and casualty insurance products, including professional liability, cyber, marine, aviation, energy, environmental, political risk, credit and surety, and accident and health coverage.