Jane Street Group LLC lessened its holdings in Axis Capital Holdings Limited (NYSE:AXS) by 37.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,657 shares of the insurance provider’s stock after selling 2,788 shares during the period. Jane Street Group LLC’s holdings in Axis Capital were worth $278,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. AdvisorNet Financial Inc acquired a new position in Axis Capital during the 2nd quarter worth $25,000. Krane Funds Advisors LLC bought a new stake in Axis Capital in the second quarter valued at about $25,000. Advisory Services Network LLC bought a new stake in Axis Capital during the first quarter worth about $37,000. Aperio Group LLC bought a new stake in Axis Capital during the second quarter worth about $44,000. Finally, Financial Gravity Wealth Inc. grew its stake in Axis Capital by 302.4% during the second quarter. Financial Gravity Wealth Inc. now owns 1,014 shares of the insurance provider’s stock worth $60,000 after buying an additional 762 shares during the last quarter. 91.56% of the stock is owned by institutional investors and hedge funds.
NYSE AXS opened at $62.23 on Friday. The firm has a 50-day moving average of $64.47 and a 200-day moving average of $60.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market cap of $5.28 billion, a PE ratio of 30.70, a P/E/G ratio of 1.46 and a beta of 0.32. Axis Capital Holdings Limited has a 52-week low of $48.27 and a 52-week high of $67.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, October 2nd. Axis Capital’s dividend payout ratio (DPR) is 83.33%.
AXS has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Axis Capital from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Tuesday, September 17th. Buckingham Research increased their price objective on shares of Axis Capital from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. MKM Partners increased their price objective on shares of Axis Capital from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Finally, ValuEngine downgraded shares of Axis Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.50.
Axis Capital Company Profile
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.
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