Raymond James Trust N.A. Sells 484 Shares of AXIS Capital Holdings Limited (NYSE:AXS)

Posted by Defense World Staff on Apr 25th, 2023

Raymond James Trust N.A. cut its holdings in AXIS Capital Holdings Limited (NYSE:AXS – Get Rating) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,407 shares of the insurance provider’s stock after selling 484 shares during the period. Raymond James Trust N.A.’s holdings in AXIS Capital were worth $401,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in AXIS Capital by 13.8% during the 4th quarter. ProShare Advisors LLC now owns 5,888 shares of the insurance provider’s stock worth $319,000 after acquiring an additional 715 shares during the last quarter. Bank of Montreal Can lifted its position in AXIS Capital by 16.1% during the 4th quarter. Bank of Montreal Can now owns 4,743 shares of the insurance provider’s stock worth $275,000 after acquiring an additional 656 shares during the last quarter. River Road Asset Management LLC lifted its position in AXIS Capital by 0.9% during the 4th quarter. River Road Asset Management LLC now owns 1,832,416 shares of the insurance provider’s stock worth $99,262,000 after acquiring an additional 16,687 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AXIS Capital by 12.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,465 shares of the insurance provider’s stock worth $621,000 after acquiring an additional 1,283 shares during the last quarter. Finally, Keybank National Association OH lifted its position in AXIS Capital by 3.6% during the 4th quarter. Keybank National Association OH now owns 22,442 shares of the insurance provider’s stock worth $1,216,000 after acquiring an additional 771 shares during the last quarter. 92.89% of the stock is currently owned by institutional investors.

AXIS Capital Stock Performance

NYSE AXS opened at $56.23 on Tuesday. The stock has a market cap of $4.79 billion, a P/E ratio of 24.99, a PEG ratio of 1.52 and a beta of 0.83. The company’s 50-day simple moving average is $56.76 and its 200 day simple moving average is $56.12. AXIS Capital Holdings Limited has a twelve month low of $48.32 and a twelve month high of $63.99. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.35.

AXIS Capital (NYSE:AXS – Get Rating) last posted its earnings results on Thursday, January 26th. The insurance provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.25. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.06 billion. AXIS Capital had a net margin of 4.34% and a return on equity of 12.72%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 earnings per share. As a group, research analysts forecast that AXIS Capital Holdings Limited will post 7.38 earnings per share for the current fiscal year.

AXIS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 18th. Shareholders of record on Friday, March 31st were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.76 annualized dividend and a yield of 3.13%. AXIS Capital’s dividend payout ratio is 78.22%.

Analyst Ratings Changes

A number of brokerages have recently commented on AXS. Keefe, Bruyette & Woods upped their price objective on shares of AXIS Capital from $62.00 to $64.00 and gave the company a “market perform” rating in a research report on Tuesday, March 14th. StockNews.com lowered shares of AXIS Capital from a “buy” rating to a “hold” rating in a research report on Friday, March 24th. Jefferies Financial Group upped their price objective on shares of AXIS Capital from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, April 10th. Finally, Wells Fargo & Company cut their price objective on shares of AXIS Capital from $61.00 to $58.00 and set an “underweight” rating for the company in a research report on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.00.

AXIS Capital Company Profile

(Get Rating)

AXIS Capital Holdings Ltd. engages in the provision of various insurance, and reinsurance products and services. It operates through the Insurance and Reinsurance segments. The Insurance segment offers property, marine, terrorism, aviation, political risk, professional lines, liability, and accident, and health insurance products.