DAVIS CHARLES A purchased ~$80M in AXIS Capital Holdings Limited stock
AXIS Capital Holdings Limited (AXS) · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
+15.3%vs SPY +10.2%
Trade Details · Public SEC Filing
Insider
DAVIS CHARLES A
Role
—
Transaction
Open-Market Purchase
Approx. Value
~$80M
Trade Date
Jun 12, 2020
Company
AXIS Capital Holdings Limited
Ticker
AXSSource
SEC EDGAR Form 4
Why This Trade Stands Out
Very Strong conviction signal
Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.
~$80M purchase
Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.
+15.3% in 90 days (S&P 500: +10.2%)
This trade beat the S&P 500 by 5.1 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.
How good is DAVIS CHARLES A at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
On June 12, 2020, DAVIS CHARLES A — a corporate insider at AXIS Capital Holdings Limited — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$80M in AXIS Capital Holdings Limited (AXS) stock.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
In the 90 days following this trade, AXS returned +15.3% versus +10.2% for the S&P 500 over the same period.
VeritySignals Conviction Analysis
Full Conviction Analysis
Sign up free to see signal strength details, or upgrade for the full 15-factor breakdown.
Get notified the next time DAVIS CHARLES A trades
Free alerts · No credit card · Instant notification
All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More AXS Insider Activity
DAVIS CHARLES A
Aug 3, 2020
~$182M
VS
DAVIS CHARLES A
Jul 31, 2020
~$10.0M
STRONG
BENCHIMOL ALBERT
Mar 12, 2020
~$20M
VS
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
Never miss a signal
Get notified when high-conviction insiders buy. Free account, no credit card.
Sign up free