APG Asset Management N.V. Sells 929,544 Shares of Axis Capital Holdings Limited (AXS)
APG Asset Management N.V. cut its holdings in shares of Axis Capital Holdings Limited (NYSE:AXS) by 95.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,085 shares of the insurance provider’s stock after selling 929,544 shares during the quarter. APG Asset Management N.V.’s holdings in Axis Capital were worth $1,887,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Toronto Dominion Bank grew its stake in shares of Axis Capital by 237.6% during the 3rd quarter. Toronto Dominion Bank now owns 3,572 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 2,514 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Axis Capital during the 2nd quarter worth approximately $207,000. Magnetar Financial LLC acquired a new stake in shares of Axis Capital during the 3rd quarter worth approximately $224,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Axis Capital during the 3rd quarter worth approximately $256,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Axis Capital during the 3rd quarter worth approximately $265,000. 85.48% of the stock is owned by institutional investors.
In related news, EVP Conrad D. Brooks sold 7,500 shares of Axis Capital stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $52.31, for a total value of $392,325.00. Following the sale, the executive vice president now owns 6,027 shares of the company’s stock, valued at approximately $315,272.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.89% of the stock is currently owned by company insiders.
Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at $50.37 on Thursday. Axis Capital Holdings Limited has a one year low of $47.99 and a one year high of $71.06. The stock has a market cap of $4,144.64, a price-to-earnings ratio of -16.46, a P/E/G ratio of 1.30 and a beta of 0.48. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.39 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.56 dividend on an annualized basis and a yield of 3.10%. This is a boost from Axis Capital’s previous quarterly dividend of $0.38. Axis Capital’s dividend payout ratio (DPR) is currently -50.98%.
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About Axis Capital
AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.
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