Intrust Bank NA Has $520,000 Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Intrust Bank NA lifted its stake in AXIS Capital Holdings Limited (NYSE:AXS) by 4.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,872 shares of the insurance provider’s stock after buying an additional 276 shares during the period. Intrust Bank NA’s holdings in AXIS Capital were worth $520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA increased its position in shares of AXIS Capital by 10.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,406 shares of the insurance provider’s stock worth $1,011,000 after purchasing an additional 1,056 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in AXIS Capital by 21.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the insurance provider’s stock worth $80,000 after buying an additional 160 shares during the last quarter. Norges Bank bought a new stake in AXIS Capital during the fourth quarter worth $88,147,000. JPMorgan Chase & Co. lifted its stake in AXIS Capital by 3.3% in the fourth quarter. JPMorgan Chase & Co. now owns 133,675 shares of the insurance provider’s stock valued at $11,846,000 after acquiring an additional 4,303 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of AXIS Capital by 26.8% in the 4th quarter. Prudential Financial Inc. now owns 28,373 shares of the insurance provider’s stock valued at $2,461,000 after acquiring an additional 5,993 shares during the period. Institutional investors own 93.44% of the company’s stock.

AXIS Capital Stock Down 0.1 %

AXS stock opened at $99.57 on Friday. AXIS Capital Holdings Limited has a fifty-two week low of $60.45 and a fifty-two week high of $101.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 3.96 and a beta of 0.91. The business’s fifty day moving average price is $93.00 and its two-hundred day moving average price is $87.82.

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

AXIS Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, March 31st. AXIS Capital’s dividend payout ratio (DPR) is currently 14.25%.

Insider Activity at AXIS Capital

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total value of $199,999,959.50. Following the completion of the transaction, the director now directly owns 2,404,133 shares of the company’s stock, valued at $224,786,435.50. The trade was a 47.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AXS has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of AXIS Capital in a report on Monday, February 3rd. StockNews.com raised AXIS Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, March 4th. Wells Fargo & Company decreased their target price on AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets began coverage on AXIS Capital in a report on Monday, January 13th. They set a “market perform” rating and a $93.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price objective on shares of AXIS Capital from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, AXIS Capital currently has an average rating of “Moderate Buy” and an average target price of $100.50.

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.