Q4 EPS Estimates for AXIS Capital Boosted by Zacks Research

AXIS Capital Holdings Limited (NYSE:AXS - Free Report) - Equities research analysts at Zacks Research increased their Q4 2024 earnings per share (EPS) estimates for shares of AXIS Capital in a research note issued to investors on Wednesday, January 15th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $2.53 for the quarter, up from their prior forecast of $2.52. The consensus estimate for AXIS Capital's current full-year earnings is $10.88 per share. Zacks Research also issued estimates for AXIS Capital's Q2 2025 earnings at $3.01 EPS and Q1 2026 earnings at $2.72 EPS.

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

A number of other analysts have also recently weighed in on AXS. Jefferies Financial Group raised their price target on AXIS Capital from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Bank of America boosted their target price on AXIS Capital from $81.00 to $96.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on shares of AXIS Capital from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. BMO Capital Markets started coverage on shares of AXIS Capital in a report on Monday, January 13th. They set a "market perform" rating and a $93.00 price objective on the stock. Finally, UBS Group upped their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the company a "buy" rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $99.25.

AXIS Capital Stock Up 0.2 %

Shares of AXS traded up $0.15 during midday trading on Monday, reaching $90.19. The stock had a trading volume of 592,845 shares, compared to its average volume of 492,482. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The company's fifty day simple moving average is $89.43 and its two-hundred day simple moving average is $81.43. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.28 and a beta of 0.95. AXIS Capital has a 1-year low of $54.31 and a 1-year high of $94.89.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. lifted its position in AXIS Capital by 48.6% during the 3rd quarter. Franklin Resources Inc. now owns 371,557 shares of the insurance provider's stock worth $30,070,000 after acquiring an additional 121,437 shares during the period. Verition Fund Management LLC purchased a new position in AXIS Capital in the 3rd quarter valued at $453,000. HighTower Advisors LLC acquired a new position in AXIS Capital in the 3rd quarter valued at $638,000. Entropy Technologies LP acquired a new stake in shares of AXIS Capital in the 3rd quarter worth $507,000. Finally, Jennison Associates LLC boosted its holdings in shares of AXIS Capital by 24.4% in the third quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider's stock valued at $129,371,000 after acquiring an additional 318,784 shares in 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 Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.44 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.76 annualized dividend and a yield of 1.95%. AXIS Capital's dividend payout ratio (DPR) is 24.41%.

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.