Zacks Research Boosts Earnings Estimates for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS - Free Report) - Equities researchers at Zacks Research upped their FY2024 EPS estimates for shares of AXIS Capital in a note issued to investors on Wednesday, November 13th. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $10.95 for the year, up from their prior forecast of $10.71. The consensus estimate for AXIS Capital's current full-year earnings is $10.83 per share. Zacks Research also issued estimates for AXIS Capital's Q2 2025 earnings at $3.00 EPS, Q4 2025 earnings at $3.25 EPS, Q1 2026 earnings at $2.71 EPS and FY2026 earnings at $12.79 EPS.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.16. The business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.57 billion. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. During the same quarter in the previous year, the firm earned $2.34 earnings per share.

A number of other analysts also recently commented on the company. TD Cowen assumed coverage on AXIS Capital in a research report on Friday, October 4th. They set a "buy" rating and a $118.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of AXIS Capital from $74.00 to $78.00 and gave the stock an "underweight" rating in a research note 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 report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on AXIS Capital from $94.00 to $96.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Finally, Bank of America upped their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the company a "buy" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, AXIS Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.86.

AXIS Capital Price Performance

NYSE:AXS traded up $1.65 during trading hours on Friday, hitting $86.73. The company's stock had a trading volume of 543,330 shares, compared to its average volume of 573,065. The business's 50-day moving average is $80.42 and its two-hundred day moving average is $75.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $7.25 billion, a PE ratio of 12.03, a PEG ratio of 0.29 and a beta of 0.90. AXIS Capital has a 52-week low of $53.48 and a 52-week high of $86.92.

AXIS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were issued a $0.44 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.76 annualized dividend and a dividend yield of 2.03%. AXIS Capital's dividend payout ratio is currently 24.41%.

Hedge Funds Weigh In On AXIS Capital

Several institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank acquired a new stake in shares of AXIS Capital in the 1st quarter valued at $5,137,000. Janney Montgomery Scott LLC acquired a new stake in AXIS Capital in the 1st quarter valued at about $683,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AXIS Capital by 71.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,265 shares of the insurance provider's stock worth $1,374,000 after acquiring an additional 7,205 shares during the period. Ensign Peak Advisors Inc boosted its holdings in shares of AXIS Capital by 84.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 40,404 shares of the insurance provider's stock worth $2,855,000 after buying an additional 18,490 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in AXIS Capital by 32.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,887 shares of the insurance provider's stock valued at $2,875,000 after buying an additional 9,380 shares in the last quarter. 93.44% of the stock is currently 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.