Zacks Research Lifts Earnings Estimates for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS - Free Report) - Investment analysts at Zacks Research boosted their FY2025 earnings estimates for shares of AXIS Capital in a report issued on Tuesday, March 25th. Zacks Research analyst T. De now forecasts that the insurance provider will earn $11.24 per share for the year, up from their prior estimate of $11.22. The consensus estimate for AXIS Capital's current full-year earnings is $11.19 per share. Zacks Research also issued estimates for AXIS Capital's FY2026 earnings at $12.40 EPS and FY2027 earnings at $14.53 EPS.

AXIS Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%.

Other equities research analysts have also recently issued reports about the stock. JMP Securities reaffirmed a "market perform" rating on shares of AXIS Capital in a research report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price target on AXIS Capital from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Friday. BMO Capital Markets began coverage on AXIS Capital in a report on Monday, January 13th. They set a "market perform" rating and a $93.00 price objective for the company. StockNews.com raised AXIS Capital from a "hold" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company lowered their price objective on shares of AXIS Capital from $89.00 to $85.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, AXIS Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.50.

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AXIS Capital Stock Up 0.1 %

Shares of AXS traded up $0.06 on Friday, hitting $100.30. The company's stock had a trading volume of 223,901 shares, compared to its average volume of 599,633. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital has a fifty-two week low of $60.45 and a fifty-two week high of $101.42. The firm's fifty day moving average price is $93.20 and its 200-day moving average price is $88.08. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 3.96 and a beta of 0.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of AXIS Capital in the third quarter valued at about $40,000. Steward Partners Investment Advisory LLC bought a new stake in AXIS Capital in the 4th quarter valued at about $53,000. Versant Capital Management Inc increased its holdings in shares of AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock worth $59,000 after purchasing an additional 130 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of AXIS Capital by 73.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider's stock valued at $59,000 after buying an additional 285 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of AXIS Capital in the fourth quarter valued at approximately $60,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Charles A. Davis sold 2,139,037 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total value of $199,999,959.50. Following the transaction, the director now owns 2,404,133 shares in the company, valued at approximately $224,786,435.50. This represents a 47.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.44 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.76 annualized dividend and a yield of 1.75%. AXIS Capital's dividend payout ratio (DPR) is currently 14.25%.

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.