Picton Mahoney Asset Management Has $582,000 Position in AXIS Capital Holdings Limited (NYSE:AXS)

Picton Mahoney Asset Management raised its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 38.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,573 shares of the insurance provider’s stock after buying an additional 1,835 shares during the quarter. Picton Mahoney Asset Management’s holdings in AXIS Capital were worth $582,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of AXIS Capital during the 3rd quarter worth about $40,000. Steward Partners Investment Advisory LLC acquired a new position in shares of AXIS Capital during the 4th quarter worth about $53,000. Versant Capital Management Inc grew its position in shares of AXIS Capital by 24.0% during the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock worth $59,000 after buying an additional 130 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of AXIS Capital by 73.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider’s stock worth $59,000 after buying an additional 285 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of AXIS Capital during the 4th quarter worth about $60,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AXIS Capital

In other news, Director Charles A. Davis sold 2,139,037 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the sale, the director now owns 2,404,133 shares in the company, valued at $224,786,435.50. This represents a 47.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.

AXIS Capital Trading Up 2.2 %

NYSE:AXS opened at $93.66 on Friday. AXIS Capital Holdings Limited has a twelve month low of $60.45 and a twelve month high of $98.11. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $91.16 and a two-hundred day moving average price of $86.51. The company has a market cap of $7.57 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 3.96 and a beta of 0.91.

AXIS Capital (NYSE:AXS) last released its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. As a group, analysts expect that AXIS Capital Holdings Limited will post 11.19 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st 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 1.88%. The ex-dividend date of this dividend is Monday, March 31st. AXIS Capital’s dividend payout ratio is currently 14.25%.

Analyst Upgrades and Downgrades

AXS has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. TD Cowen boosted their price objective on AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods boosted their price objective on AXIS Capital from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday. JMP Securities reiterated a “market perform” rating on shares of AXIS Capital in a research report on Monday, February 3rd. Finally, StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.25.

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.