Jane Street Group LLC Has $2.25 Million Stock Holdings in AXIS Capital Holdings Limited (NYSE:AXS)

Jane Street Group LLC cut its stake in shares of AXIS Capital Holdings Limited (NYSE:AXS) by 51.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,385 shares of the insurance provider’s stock after selling 26,771 shares during the quarter. Jane Street Group LLC’s holdings in AXIS Capital were worth $2,250,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AXS. Barclays PLC boosted its position in AXIS Capital by 53.6% during the third quarter. Barclays PLC now owns 48,964 shares of the insurance provider’s stock valued at $3,898,000 after purchasing an additional 17,082 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in AXIS Capital by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,463 shares of the insurance provider’s stock valued at $1,548,000 after purchasing an additional 198 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in AXIS Capital during the fourth quarter valued at approximately $225,000. Merit Financial Group LLC acquired a new position in AXIS Capital during the fourth quarter valued at approximately $549,000. Finally, Cetera Trust Company N.A boosted its position in AXIS Capital by 14.0% during the fourth quarter. Cetera Trust Company N.A now owns 2,765 shares of the insurance provider’s stock valued at $245,000 after purchasing an additional 340 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AXIS Capital news, Director Charles A. Davis sold 2,139,037 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the transaction, the director now owns 2,404,133 shares in the company, valued at $224,786,435.50. This trade represents a 47.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

AXIS Capital Stock Performance

NYSE:AXS opened at $100.95 on Friday. The stock has a market cap of $7.94 billion, a P/E ratio of 8.17, a PEG ratio of 3.96 and a beta of 0.82. The stock has a 50 day simple moving average of $96.05 and a 200 day simple moving average of $91.77. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital Holdings Limited has a 1-year low of $68.02 and a 1-year high of $102.36.

AXIS Capital (NYSE:AXS) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.53. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.83 billion. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $3.07 EPS. Research analysts anticipate that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current year.

AXIS Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.76 annualized dividend and a yield of 1.74%. AXIS Capital’s payout ratio is currently 17.46%.

Analysts Set New Price Targets

AXS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on AXIS Capital from $114.00 to $118.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Jefferies Financial Group raised their price objective on AXIS Capital from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, April 11th. JMP Securities reaffirmed a “market perform” rating on shares of AXIS Capital in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective on AXIS Capital from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Finally, Cowen reaffirmed a “buy” rating on shares of AXIS Capital in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

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.