Measured Wealth Private Client Group LLC Acquires Shares of 4,182 AXIS Capital Holdings Limited (NYSE:AXS)

Measured Wealth Private Client Group LLC bought a new position in AXIS Capital Holdings Limited (NYSE:AXS) in the fourth quarter, HoldingsChannel.com reports. The fund bought 4,182 shares of the insurance provider’s stock, valued at approximately $232,000.

A number of other large investors have also added to or reduced their stakes in AXS. Bruce G. Allen Investments LLC bought a new stake in AXIS Capital in the 4th quarter worth approximately $43,000. VisionPoint Advisory Group LLC bought a new stake in AXIS Capital in the 3rd quarter worth approximately $51,000. Daiwa Securities Group Inc. bought a new stake in AXIS Capital in the 4th quarter worth approximately $55,000. Parkside Financial Bank & Trust grew its position in AXIS Capital by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,833 shares of the insurance provider’s stock worth $101,000 after purchasing an additional 237 shares during the period. Finally, CWM LLC grew its position in AXIS Capital by 118.2% in the 4th quarter. CWM LLC now owns 2,841 shares of the insurance provider’s stock worth $157,000 after purchasing an additional 1,539 shares during the period. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

AXS has been the subject of several analyst reports. StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods upped their price objective on AXIS Capital from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. UBS Group upped their price objective on AXIS Capital from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Wells Fargo & Company reduced their price objective on AXIS Capital from $59.00 to $57.00 and set an “underweight” rating for the company in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.33.

AXIS Capital Price Performance

AXS stock traded up $0.21 during trading on Friday, reaching $65.39. The company’s stock had a trading volume of 682,791 shares, compared to its average volume of 646,238. AXIS Capital Holdings Limited has a 1 year low of $51.61 and a 1 year high of $66.74. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.54 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. The company’s fifty day moving average is $62.84 and its 200-day moving average is $58.73.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.17. AXIS Capital had a return on equity of 19.11% and a net margin of 10.34%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business posted $2.33 EPS. AXIS Capital’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts expect that AXIS Capital Holdings Limited will post 10.17 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Monday, March 4th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.76 dividend on an annualized basis and a yield of 2.69%. AXIS Capital’s payout ratio is presently 26.91%.

Insiders Place Their Bets

In other news, Director Stanley A. Galanski acquired 7,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $58.45 per share, for a total transaction of $409,150.00. Following the completion of the transaction, the director now directly owns 9,763 shares in the company, valued at approximately $570,647.35. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by company insiders.

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.