River Road Asset Management LLC Has $145.37 Million Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

River Road Asset Management LLC increased its position in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,825,995 shares of the insurance provider’s stock after purchasing an additional 1,283 shares during the period. AXIS Capital accounts for 1.9% of River Road Asset Management LLC’s portfolio, making the stock its 7th largest holding. River Road Asset Management LLC owned 2.16% of AXIS Capital worth $145,367,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in AXIS Capital by 55.6% in the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 165 shares during the period. GAMMA Investing LLC boosted its position in shares of AXIS Capital by 80.4% during the second quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 226 shares during the last quarter. Covestor Ltd grew its stake in AXIS Capital by 45.9% during the first quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 185 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in AXIS Capital by 32.6% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 148 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in AXIS Capital by 424.6% in the 3rd quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 985 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. TD Cowen assumed coverage on AXIS Capital in a research note on Friday, October 4th. They issued a “buy” rating and a $118.00 price objective on the stock. Roth Mkm upped their price objective on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group raised their target price on shares of AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, UBS Group upped their price target on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.71.

AXIS Capital Stock Up 0.4 %

Shares of AXS opened at $79.38 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a 52-week low of $53.14 and a 52-week high of $83.19. The company has a market cap of $6.64 billion, a PE ratio of 11.01, a P/E/G ratio of 0.26 and a beta of 0.90. The business has a fifty day moving average of $79.48 and a 200 day moving average of $73.82.

AXIS Capital (NYSE:AXS) last released its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.16. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the business earned $2.34 EPS. On average, sell-side analysts expect that AXIS Capital Holdings Limited will post 10.98 EPS for the current year.

AXIS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital’s dividend payout ratio (DPR) is presently 24.41%.

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.