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

Measured Wealth Private Client Group LLC acquired a new stake in AXIS Capital Holdings Limited (NYSE:AXS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,182 shares of the insurance provider’s stock, valued at approximately $232,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new stake in AXIS Capital in the 4th quarter valued at $43,000. VisionPoint Advisory Group LLC bought a new stake in shares of AXIS Capital in the 3rd quarter worth $51,000. Daiwa Securities Group Inc. purchased a new stake in shares of AXIS Capital in the fourth quarter valued at about $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 valued at $101,000 after purchasing an additional 237 shares in the last quarter. Finally, CWM LLC boosted its holdings in AXIS Capital by 118.2% during the fourth 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 last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Stanley A. Galanski bought 7,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.

AXIS Capital Stock Performance

NYSE AXS traded up $0.21 on Friday, hitting $65.39. 682,791 shares of the stock traded hands, compared to its average volume of 646,238. The business’s fifty day moving average is $62.84 and its two-hundred day moving average is $58.73. AXIS Capital Holdings Limited has a 12 month low of $51.61 and a 12 month high of $66.74. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.60 and a current ratio of 0.62.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.57 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $2.33 earnings per share. AXIS Capital’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that AXIS Capital Holdings Limited will post 10.17 EPS for the current fiscal year.

AXIS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Monday, March 4th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, March 1st. AXIS Capital’s dividend payout ratio (DPR) is 26.91%.

AXIS Capital 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.