Versant Capital Management Inc Has $33,000 Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Versant Capital Management Inc boosted its position in AXIS Capital Holdings Limited (NYSE:AXS) by 55.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 462 shares of the insurance provider’s stock after buying an additional 165 shares during the period. Versant Capital Management Inc’s holdings in AXIS Capital were worth $33,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in AXIS Capital by 80.4% during the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 226 shares in the last quarter. Covestor Ltd lifted its position in shares of AXIS Capital by 45.9% during the first quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 185 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of AXIS Capital during the fourth quarter worth $55,000. Parkside Financial Bank & Trust lifted its position in shares of AXIS Capital by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,833 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 237 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its position in shares of AXIS Capital by 61,675.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,471 shares of the insurance provider’s stock worth $137,000 after acquiring an additional 2,467 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AXS has been the topic of a number of research analyst reports. UBS Group increased their target price on AXIS Capital from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods increased their target price on AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com raised AXIS Capital from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Bank of America raised their price objective on AXIS Capital from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Roth Mkm raised their price objective on AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, AXIS Capital has a consensus rating of “Hold” and an average price target of $74.71.

Insiders Place Their Bets

In other AXIS Capital news, Director Stanley A. Galanski purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $71.43 per share, for a total transaction of $142,860.00. Following the purchase, the director now directly owns 11,763 shares of the company’s stock, valued at approximately $840,231.09. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Stanley A. Galanski bought 2,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $71.43 per share, for a total transaction of $142,860.00. Following the purchase, the director now owns 11,763 shares in the company, valued at $840,231.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Millegan bought 1,400 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of $71.49 per share, for a total transaction of $100,086.00. Following the purchase, the director now owns 9,016 shares in the company, valued at approximately $644,553.84. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by insiders.

AXIS Capital Stock Up 1.3 %

Shares of AXS traded up $0.93 on Wednesday, hitting $72.87. 56,706 shares of the stock traded hands, compared to its average volume of 602,281. The company has a market capitalization of $6.17 billion, a PE ratio of 11.00, a P/E/G ratio of 0.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.62. The business has a 50 day simple moving average of $71.49 and a 200 day simple moving average of $66.26. AXIS Capital Holdings Limited has a one year low of $52.90 and a one year high of $78.74.

AXIS Capital (NYSE:AXS) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.41. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $2.23 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, equities analysts forecast that AXIS Capital Holdings Limited will post 10.35 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Friday, June 28th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Friday, June 28th. AXIS Capital’s dividend payout ratio (DPR) is presently 26.91%.

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.