AXIS Capital Holdings Limited (NYSE: AXS) benefited from a significant drop in overdraft interest during the month of November. As of November 15, there was short interest totaling 768,400 shares, a decrease of 27.5% from the total of 1,060,000 shares as of October 31. Currently 1.0% of the company’s shares are sold short. Based on an average daily volume of 450,300 shares, the short-term interest rate is currently 1.7 days.

Institutional investors recently changed their holdings of equities. Parkside Financial Bank & Trust increased its stake in AXIS Capital by 29.1% in the third quarter. Parkside Financial Bank & Trust now owns 1,683 shares of the insurance provider valued at $ 77,000 after acquiring 379 additional shares in the last quarter. Marshall Wace LLP increased its stake in AXIS Capital by 1,488.4% during the first quarter. Marshall Wace LLP now owns 3,145 shares of the insurance provider valued at $ 172,000 after purchasing an additional 2,947 shares in the last quarter. Hoylecohen LLC acquired a new stake in AXIS Capital during the third quarter valued at approximately $ 215,000. AQR Capital Management LLC acquired a new stake in AXIS Capital during the first quarter valued at approximately $ 219,000. Finally, Verition Fund Management LLC acquired a new stake in AXIS Capital during the third quarter valued at approximately $ 271,000. Institutional investors hold 89.87% of the shares of the company.

Several equity research analysts recently published reports on AXS stocks. Morgan Stanley lowered its price target on AXIS Capital shares from $ 57.00 to $ 55.00 and set an “equal weight” rating for the company in a research report released on Friday, October 15. Jefferies Financial Group began covering shares of AXIS Capital in a research report on Thursday, November 18. They set a “buy” rating and a price target of $ 65 for the company. Zacks Investment Research downgraded AXIS Capital shares from a “buy” rating to a “hold” rating and set a price target of $ 49.00 for the company. in a research report on Friday, September 17. Finally, JMP Securities reiterated a “hold” rating on AXIS Capital shares in a research report on Wednesday, August 25. One analyst assigned a sell rating to the stock, four assigned a conservation rating, and one assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $ 56.25.

NYSE AXS opened at $ 49.74 on Thursday. The company has a 50-day simple moving average of $ 50.77 and a 200-day simple moving average of $ 50.71. The company has a debt ratio of 0.32, a rapid ratio of 0.56, and a current ratio of 0.56. AXIS Capital has a one-year minimum of $ 44.26 and a one-year maximum of $ 58.61. The company has a market cap of $ 4.22 billion, a price / earnings ratio of 10.98, a PEG ratio of 2.42 and a beta of 0.97.

AXIS Capital (NYSE: AXS) last released its quarterly earnings data on Tuesday, October 26. The insurance provider reported EPS of $ 0.01 for the quarter, beating Thomson Reuters consensus estimate ($ 0.57) by $ 0.58. AXIS Capital had a net margin of 8.00% and a return on equity of 5.65%. The company posted revenue of $ 996.47 million in the quarter, compared to analysts’ estimates of $ 909.45 million. In the same quarter of last year, the company posted ($ 0.77) earnings per share. The company’s revenue for the quarter increased 22.1% from the same quarter last year. Equity analysts predict that AXIS Capital will post an EPS of 4.21 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 15. Investors registered on Monday October 4 received a dividend of $ 0.42. The ex-dividend date was Friday October 1. This represents a dividend of $ 1.68 on an annualized basis and a return of 3.38%. AXIS Capital’s dividend payout rate is currently 37.09%.

About AXIS Capital

AXIS Capital Holdings Ltd. engages in the provision of various insurance and reinsurance products and services. It operates through the insurance and reinsurance segments. The Insurance segment offers property and casualty, maritime, terrorist, aeronautical, political risk, professional risk, civil liability, accident and health insurance products.

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