Zacks Research Decreases Earnings Estimates for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS) – Equities research analysts at Zacks Research decreased their Q4 2024 earnings estimates for shares of AXIS Capital in a research note issued on Wednesday, November 13th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings of $2.52 per share for the quarter, down from their previous estimate of $2.88. The consensus estimate for AXIS Capital’s current full-year earnings is $10.89 per share. Zacks Research also issued estimates for AXIS Capital’s Q1 2025 earnings at $2.93 EPS, Q3 2025 earnings at $2.42 EPS, FY2025 earnings at $11.60 EPS, Q2 2026 earnings at $3.42 EPS and Q3 2026 earnings at $3.05 EPS.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Roth Mkm lifted their price target on AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America increased their target price on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their target price on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their target price on AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.86.

AXIS Capital Trading Up 1.9 %

AXIS Capital stock opened at $86.73 on Monday. The firm has a market cap of $7.25 billion, a PE ratio of 12.03, a P/E/G ratio of 0.29 and a beta of 0.90. AXIS Capital has a 12 month low of $53.48 and a 12 month high of $86.92. The stock’s 50 day simple moving average is $80.42 and its two-hundred day simple moving average is $75.21. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27.

AXIS Capital (NYSE:AXS) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, beating the consensus estimate of $2.55 by $0.16. The business had revenue of $1.61 billion for 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 period in the prior year, the firm earned $2.34 EPS.

Hedge Funds Weigh In On AXIS Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in AXIS Capital by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider’s stock worth $287,909,000 after buying an additional 152,914 shares during the last quarter. AQR Capital Management LLC boosted its stake in AXIS Capital by 9.0% during the second quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider’s stock worth $182,538,000 after buying an additional 213,559 shares during the last quarter. Janus Henderson Group PLC increased its position in AXIS Capital by 30.7% during the first quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider’s stock worth $150,928,000 after purchasing an additional 545,546 shares during the last quarter. State Street Corp increased its position in AXIS Capital by 7.2% during the third quarter. State Street Corp now owns 1,675,417 shares of the insurance provider’s stock worth $134,110,000 after purchasing an additional 112,536 shares during the last quarter. Finally, Jennison Associates LLC increased its position in AXIS Capital by 24.4% during the third quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider’s stock worth $129,371,000 after purchasing an additional 318,784 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a yield of 2.03%. AXIS Capital’s payout ratio is presently 24.41%.

AXIS Capital Company Profile

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.