TD Asset Management Inc Has $12.97 Million Holdings in Axis Capital Holdings Limited $AXS

TD Asset Management Inc decreased its holdings in Axis Capital Holdings Limited (NYSE:AXS) by 41.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,400 shares of the insurance provider’s stock after selling 95,200 shares during the quarter. TD Asset Management Inc owned approximately 0.18% of Axis Capital worth $12,971,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Smithfield Trust Co grew its position in shares of Axis Capital by 94.0% in the 2nd quarter. Smithfield Trust Co now owns 293 shares of the insurance provider’s stock valued at $31,000 after buying an additional 142 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Axis Capital in the third quarter worth approximately $29,000. AlphaCore Capital LLC acquired a new stake in Axis Capital during the 2nd quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC acquired a new stake in Axis Capital during the 2nd quarter valued at approximately $41,000. Finally, Abich Financial Wealth Management LLC bought a new position in Axis Capital during the 3rd quarter worth approximately $43,000. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AXS shares. Royal Bank Of Canada upped their price objective on shares of Axis Capital from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Mizuho set a $141.00 price target on shares of Axis Capital in a research report on Monday, February 2nd. Roth Mkm reiterated a “buy” rating and set a $120.00 price target on shares of Axis Capital in a report on Thursday, January 29th. Jefferies Financial Group reissued a “buy” rating and issued a $122.00 price objective on shares of Axis Capital in a research note on Friday, January 30th. Finally, Compass Point set a $121.00 target price on Axis Capital in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Axis Capital Trading Up 1.1%

Shares of Axis Capital stock opened at $105.78 on Monday. The stock has a market capitalization of $8.15 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61. The stock has a 50 day moving average price of $104.09 and a two-hundred day moving average price of $100.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 0.67. Axis Capital Holdings Limited has a 52 week low of $84.81 and a 52 week high of $110.34.

Axis Capital (NYSE:AXS) last released its quarterly earnings data on Wednesday, January 28th. The insurance provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.28. Axis Capital had a net margin of 15.37% and a return on equity of 18.90%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned $3.38 earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, equities analysts anticipate that Axis Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

Axis Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Axis Capital’s dividend payout ratio is presently 14.21%.

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.