Top Buys by Directors: Galanski's $409.1K Bet on AXS

By Preferred Stock Channel Staff, Thursday, February 8, 2:24 PM ET

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Top Insider Buys By Company Directors »

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $409.1K by Stanley A. Galanski, Director at AXIS Capital Holdings Ltd (NYSE:AXS).

Galanski bets big on AXS:

Purchased	Insider	Title	Shares	Price/Share	Value
02/06/2024	Stanley A. Galanski	Director	7,000	$58.45	$409,150.00

Galanski's average cost works out to $58.45/share. In trading on Thursday, bargain hunters could buy shares of AXIS Capital Holdings Ltd (NYSE:AXS) and achieve a cost basis lower than Galanski, with shares changing hands as low as $57.99 per share. Shares of AXIS Capital Holdings Ltd were changing hands at $58.51 at last check, trading down about 0.6% on Thursday. 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 $51.25 per share, with $63.93 as the 52 week high point — that compares with a last trade of $58.51.

The current annualized dividend paid by AXIS Capital Holdings Ltd is $1.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/28/2023. 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. 3.0% annualized yield is likely to continue.

Free Report: Top 8%+ Dividends (paid monthly)

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Top Buys by Directors: Galanski's $409.1K Bet on AXS

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