FY2024 EPS Estimates for AXIS Capital Increased by Analyst

AXIS Capital Holdings Limited (NYSE:AXS) – Investment analysts at Roth Capital lifted their FY2024 EPS estimates for shares of AXIS Capital in a report issued on Friday, November 1st. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings of $10.90 per share for the year, up from their previous estimate of $10.60. The consensus estimate for AXIS Capital’s current full-year earnings is $10.98 per share. Roth Capital also issued estimates for AXIS Capital’s Q4 2025 earnings at $3.30 EPS and FY2026 earnings at $12.60 EPS.

AXIS Capital (NYSE:AXS) last released its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.16. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same quarter last year, the firm earned $2.34 earnings per share.

A number of other research firms have also recently commented on AXS. Jefferies Financial Group lifted their price objective on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price target on AXIS Capital from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company upped their price target on shares of AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Roth Mkm raised their price objective on AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group lifted their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $94.71.

AXIS Capital Stock Performance

NYSE AXS opened at $80.06 on Monday. The firm has a market capitalization of $6.70 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 0.26 and a beta of 0.90. The firm’s fifty day moving average price is $79.53 and its two-hundred day moving average price is $73.94. AXIS Capital has a 1 year low of $53.14 and a 1 year high of $83.19. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27.

Institutional Trading of AXIS Capital

Several institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of AXIS Capital by 55.6% during the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC boosted its holdings in AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after buying an additional 226 shares during the period. Covestor Ltd grew its stake in AXIS Capital by 45.9% in the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock valued at $38,000 after buying an additional 185 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of AXIS Capital by 32.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 148 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of AXIS Capital by 424.6% in the third quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 985 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

AXIS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital’s dividend payout ratio is currently 24.41%.

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.