Amalgamated Bank Sells 9,586 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Amalgamated Bank decreased its holdings in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 69.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,129 shares of the insurance provider’s stock after selling 9,586 shares during the quarter. Amalgamated Bank’s holdings in AXIS Capital were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AXS. Toronto Dominion Bank purchased a new position in AXIS Capital during the first quarter valued at approximately $5,137,000. Wealth Enhancement Advisory Services LLC grew its position in shares of AXIS Capital by 71.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,265 shares of the insurance provider’s stock valued at $1,374,000 after purchasing an additional 7,205 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of AXIS Capital by 84.4% in the second quarter. Ensign Peak Advisors Inc now owns 40,404 shares of the insurance provider’s stock worth $2,855,000 after purchasing an additional 18,490 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of AXIS Capital by 32.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,887 shares of the insurance provider’s stock valued at $2,875,000 after acquiring an additional 9,380 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in AXIS Capital by 30.7% in the first quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider’s stock valued at $150,928,000 after purchasing an additional 545,546 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

AXS has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price objective on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. UBS Group upped their price objective on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Bank of America increased their price objective on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Roth Mkm boosted their target price on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods increased their price target on shares of AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.86.

AXIS Capital Stock Performance

Shares of AXS stock opened at $86.73 on Monday. The company has a market capitalization of $7.25 billion, a P/E ratio of 12.03, a PEG ratio of 0.29 and a beta of 0.90. AXIS Capital Holdings Limited has a fifty-two week low of $53.48 and a fifty-two week high of $86.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day moving average price of $80.42 and a two-hundred day moving average price of $75.21.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same period in the prior year, the business posted $2.34 EPS. Analysts expect that AXIS Capital Holdings Limited will post 10.89 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. Stockholders of record on Monday, September 30th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.03%. AXIS Capital’s dividend payout ratio is currently 24.41%.

AXIS Capital Company Profile

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.