Axis Capital Holdings Ltd. (NYSE:AXS) Director Michael A. Butt sold 40,673 shares of Axis Capital Holdings stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $57.01, for a total transaction of $2,318,767.73. Following the completion of the sale, the director now owns 1,161,675 shares of the company’s stock, valued at $66,227,091.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Axis Capital Holdings Ltd. (NYSE:AXS) opened at 56.95 on Tuesday. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 10.10 and a beta of 0.74. The stock has a 50 day moving average of $55.67 and a 200-day moving average of $54.80. Axis Capital Holdings Ltd. has a 52-week low of $51.01 and a 52-week high of $57.98.
Axis Capital Holdings (NYSE:AXS) last posted its earnings results on Tuesday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Axis Capital Holdings had a return on equity of 6.44% and a net margin of 14.19%. The business earned $1.06 billion during the quarter, compared to analysts’ expectations of $983.53 million. During the same period in the prior year, the business earned $0.93 EPS. Axis Capital Holdings’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts forecast that Axis Capital Holdings Ltd. will post $3.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Monday, October 3rd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.46%. This is a boost from Axis Capital Holdings’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, September 29th. Axis Capital Holdings’s dividend payout ratio is presently 25.04%.
A number of hedge funds have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp boosted its stake in Axis Capital Holdings by 2.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 27,500 shares of the company’s stock worth $1,525,000 after buying an additional 600 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Axis Capital Holdings by 728.3% in the first quarter. Canada Pension Plan Investment Board now owns 90,074 shares of the company’s stock worth $4,996,000 after buying an additional 79,200 shares during the last quarter. Credit Agricole S A boosted its stake in Axis Capital Holdings by 16.2% in the first quarter. Credit Agricole S A now owns 13,880 shares of the company’s stock worth $770,000 after buying an additional 1,940 shares during the last quarter. Aviva PLC boosted its stake in Axis Capital Holdings by 0.9% in the first quarter. Aviva PLC now owns 44,886 shares of the company’s stock worth $2,489,000 after buying an additional 406 shares during the last quarter. Finally, Menta Capital LLC boosted its stake in Axis Capital Holdings by 146.8% in the first quarter. Menta Capital LLC now owns 10,954 shares of the company’s stock worth $608,000 after buying an additional 6,516 shares during the last quarter. 90.16% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on the stock. Zacks Investment Research cut shares of Axis Capital Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Morgan Stanley lifted their target price on shares of Axis Capital Holdings from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of Axis Capital Holdings in a research note on Tuesday, June 21st. Eight investment analysts have rated the stock with a hold rating, Axis Capital Holdings currently has an average rating of “Hold” and a consensus price target of $59.00.
Axis Capital Holdings Company Profile