AXS Trading Below Director's Recent Buy Price

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on February 28, AXIS Capital Holdings Ltd's Director, Charles A. Davis, invested $1,247,600.00 into 25,000 shares of AXS, for a cost per share of $49.90. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of AXIS Capital Holdings Ltd (Symbol: AXS) and achieve a cost basis even cheaper than Davis, with shares changing hands as low as $49.80 per share. AXIS Capital Holdings Ltd shares are currently trading up about 5% on the day. The chart below shows the one year performance of AXS shares, versus its 200 day moving average:

AXIS Capital Holdings Ltd Chart

Looking at the chart above, AXS's low point in its 52 week range is $47.43 per share, with $69.625 as the 52 week high point - that compares with a last trade of $50.79. By comparison, below is a table showing the prices at which AXS insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
02/28/2018 Charles A. Davis Director 25,000 $49.90 $1,247,600.00

The current annualized dividend paid by AXIS Capital Holdings Ltd is $1.56/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 03/28/2018. Below is a long-term dividend history chart for AXS, which can be of good help in judging whether the most recent dividend with approx. 3.2% annualized yield is likely to continue.


According to the ETF Finder at ETF Channel, AXS makes up 2.40% of the SPDR S&P Insurance ETF (Symbol: KIE) which is trading relatively unchanged on the day Monday.

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos

BNK Invest

BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

Learn More