Zacks Research Decreases Earnings Estimates for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS) – Stock analysts at Zacks Research lowered their Q4 2024 earnings estimates for shares of AXIS Capital in a report issued on Wednesday, November 13th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $2.52 for the quarter, down from their prior forecast 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.

Several other analysts have also recently commented on AXS. Wells Fargo & Company increased their target price on AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. UBS Group upped their price target on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. TD Cowen assumed coverage on shares of AXIS Capital in a research report on Friday, October 4th. They issued a “buy” rating and a $118.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on shares of AXIS Capital from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group increased their price target on shares of AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Based on data from MarketBeat, AXIS Capital currently has an average rating of “Moderate Buy” and a consensus price target of $95.86.

AXIS Capital Trading Down 1.0 %

AXS stock opened at $85.38 on Monday. The business has a fifty day moving average price of $80.79 and a 200 day moving average price of $75.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. AXIS Capital has a fifty-two week low of $53.49 and a fifty-two week high of $86.92. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.29 and a beta of 0.90.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates 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 business posted $2.34 earnings per share.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, September 30th. AXIS Capital’s dividend payout ratio is 24.41%.

Institutional Investors Weigh In On AXIS Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Independent Advisor Alliance grew its holdings in AXIS Capital by 0.4% during the 3rd quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider’s stock worth $2,591,000 after acquiring an additional 125 shares during the period. Pathstone Holdings LLC boosted its position in shares of AXIS Capital by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider’s stock worth $2,542,000 after purchasing an additional 127 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake 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 purchasing an additional 148 shares during the period. Versant Capital Management Inc lifted its stake in AXIS Capital by 55.6% in the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after buying an additional 165 shares during the period. Finally, Gries Financial LLC boosted its holdings in AXIS Capital by 4.9% during the second quarter. Gries Financial LLC now owns 3,523 shares of the insurance provider’s stock worth $249,000 after buying an additional 166 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

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.