First Hawaiian Bank Has $1.08 Million Stake in AXIS Capital Holdings Limited (NYSE:AXS)

First Hawaiian Bank reduced its position in AXIS Capital Holdings Limited (NYSE:AXS) by 4.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,269 shares of the insurance provider’s stock after selling 654 shares during the period. First Hawaiian Bank’s holdings in AXIS Capital were worth $1,079,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXS. DekaBank Deutsche Girozentrale acquired a new stake in shares of AXIS Capital during the 4th quarter worth about $1,785,000. Norges Bank acquired a new position in AXIS Capital in the fourth quarter valued at $52,845,000. Foundry Partners LLC acquired a new position in AXIS Capital in the fourth quarter valued at approximately $3,503,000. Meritage Portfolio Management boosted its holdings in shares of AXIS Capital by 1,132.7% during the 4th quarter. Meritage Portfolio Management now owns 95,474 shares of the insurance provider’s stock worth $5,286,000 after buying an additional 87,729 shares in the last quarter. Finally, ING Groep NV acquired a new stake in shares of AXIS Capital during the 4th quarter worth approximately $1,168,000. Institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America increased their target price on shares of AXIS Capital from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. UBS Group boosted their target price on AXIS Capital from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Roth Mkm increased their price target on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com raised AXIS Capital from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company upped their price objective on shares of AXIS Capital from $57.00 to $63.00 and gave the stock an “underweight” rating in a report on Friday, May 10th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.43.

AXIS Capital Stock Up 1.4 %

NYSE:AXS traded up $1.02 during trading hours on Tuesday, hitting $72.65. 237,041 shares of the company traded hands, compared to its average volume of 604,402. AXIS Capital Holdings Limited has a one year low of $52.90 and a one year high of $78.74. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.30. The company has a market cap of $6.15 billion, a PE ratio of 11.10, a PEG ratio of 0.27 and a beta of 0.90. The firm’s 50-day simple moving average is $71.50 and its 200-day simple moving average is $66.03.

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

AXIS Capital Announces Dividend

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

Insider Activity at AXIS Capital

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

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.