FY2024 EPS Estimates for AXIS Capital Raised by Roth Capital

AXIS Capital Holdings Limited (NYSE:AXS - Free Report) - Research analysts at Roth Capital boosted their FY2024 earnings estimates for shares of AXIS Capital in a report released 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 prior estimate of $10.60. The consensus estimate for AXIS Capital's current full-year earnings is $10.73 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 previous year, the firm earned $2.34 EPS.

A number of other analysts have also recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of AXIS Capital from $86.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Bank of America boosted 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. Jefferies Financial Group boosted their target price on shares of AXIS Capital from $88.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. TD Cowen began coverage on shares of AXIS Capital in a report on Friday, October 4th. They set a "buy" rating and a $118.00 target price on the stock. Finally, Roth Mkm boosted their target price on shares of AXIS Capital from $75.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.71.

AXIS Capital Trading Up 0.4 %

AXIS Capital stock traded up $0.34 during mid-day trading on Monday, reaching $79.38. 423,083 shares of the company traded hands, compared to its average volume of 578,360. AXIS Capital has a 52-week low of $53.14 and a 52-week high of $83.19. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 0.26 and a beta of 0.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.62. The firm's 50 day moving average price is $79.42 and its 200 day moving average price is $73.69.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.22%. The ex-dividend date was Monday, September 30th. AXIS Capital's dividend payout ratio is currently 24.41%.

Hedge Funds Weigh In On AXIS Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its position 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 valued at $33,000 after purchasing an additional 165 shares during the last quarter. GAMMA Investing LLC increased its position in shares of AXIS Capital by 80.4% during the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 226 shares during the last quarter. Covestor Ltd increased its position in shares of AXIS Capital by 45.9% during the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 185 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of AXIS Capital by 32.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 148 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of AXIS Capital by 424.6% during the 3rd 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 during the last quarter. Institutional investors own 93.44% of the company's stock.

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.