Fieldview Capital Management LLC Raises Stock Holdings in Axis Capital Holdings Limited $AXS

Fieldview Capital Management LLC lifted its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 220.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,946 shares of the insurance provider’s stock after purchasing an additional 13,034 shares during the quarter. Fieldview Capital Management LLC’s holdings in Axis Capital were worth $2,029,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Axis Capital during the fourth quarter worth about $8,888,000. Dockside LLC purchased a new position in shares of Axis Capital during the fourth quarter worth about $2,438,000. Entropy Technologies LP purchased a new position in shares of Axis Capital during the fourth quarter worth about $4,392,000. Barclays PLC grew its holdings in shares of Axis Capital by 36.0% during the fourth quarter. Barclays PLC now owns 55,039 shares of the insurance provider’s stock worth $5,894,000 after purchasing an additional 14,559 shares in the last quarter. Finally, Aigen Investment Management LP grew its holdings in shares of Axis Capital by 59.2% during the fourth quarter. Aigen Investment Management LP now owns 15,036 shares of the insurance provider’s stock worth $1,610,000 after purchasing an additional 5,592 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Axis Capital Stock Performance

NYSE:AXS opened at $101.47 on Friday. The firm has a market cap of $7.48 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 3.10 and a beta of 0.51. Axis Capital Holdings Limited has a fifty-two week low of $88.07 and a fifty-two week high of $110.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.65 and a current ratio of 0.65. The business has a 50 day moving average price of $99.32 and a 200-day moving average price of $101.78.

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

Axis Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be 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 is Tuesday, June 30th. Axis Capital’s dividend payout ratio is 13.11%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Axis Capital

In related news, Director Henry B. Smith sold 2,542 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $98.69, for a total transaction of $250,869.98. Following the completion of the transaction, the director owned 46,347 shares in the company, valued at $4,573,985.43. This represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

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.