Signaturefd LLC Has $239,000 Stock Position in AXIS Capital Holdings Limited (NYSE:AXS)

Signaturefd LLC reduced its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 36.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,000 shares of the insurance provider’s stock after selling 1,700 shares during the quarter. Signaturefd LLC’s holdings in AXIS Capital were worth $239,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in AXIS Capital by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,183,385 shares of the insurance provider’s stock worth $94,209,000 after acquiring an additional 9,181 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of AXIS Capital in the 3rd quarter valued at $206,000. Blue Trust Inc. boosted its stake in shares of AXIS Capital by 424.6% in the 3rd quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 985 shares in the last quarter. Net Worth Advisory Group bought a new position in shares of AXIS Capital in the third quarter valued at about $781,000. Finally, CWM LLC raised its holdings in shares of AXIS Capital by 92.1% in the third quarter. CWM LLC now owns 21,403 shares of the insurance provider’s stock valued at $1,704,000 after buying an additional 10,261 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

AXIS Capital Trading Down 1.8 %

Shares of AXS stock opened at $79.74 on Friday. The company has a market cap of $6.75 billion, a P/E ratio of 12.19, a PEG ratio of 0.27 and a beta of 0.89. The stock has a 50 day simple moving average of $79.01 and a two-hundred day simple moving average of $72.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.62. AXIS Capital Holdings Limited has a fifty-two week low of $52.90 and a fifty-two week high of $83.19.

AXIS Capital (NYSE:AXS) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.41. AXIS Capital had a return on equity of 19.70% and a net margin of 11.28%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm earned $2.23 earnings per share. AXIS Capital’s quarterly revenue was up 4.8% on a year-over-year basis. Research analysts forecast that AXIS Capital Holdings Limited will post 10.72 earnings per share for the current year.

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 annualized dividend and a dividend yield of 2.21%. AXIS Capital’s payout ratio is presently 26.91%.

Analyst Upgrades and Downgrades

AXS has been the subject of several recent research reports. TD Cowen initiated coverage on AXIS Capital in a report on Friday, October 4th. They set a “buy” rating and a $118.00 price objective for the company. Jefferies Financial Group upped their price target on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Roth Mkm increased their price objective on AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods increased their price objective on AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company increased their price target on AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.86.

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.