Zacks Research Lowers Earnings Estimates for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS - Free Report) - Research analysts at Zacks Research dropped their Q4 2024 EPS estimates for AXIS Capital in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $2.52 per share 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.

AXIS Capital (NYSE:AXS - Get Free Report) last released 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 return on equity of 19.24% and a net margin of 10.82%. The company had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.57 billion. During the same quarter in the previous year, the business posted $2.34 EPS.

Several other analysts have also recently commented on AXS. Keefe, Bruyette & Woods increased their target price on AXIS Capital from $94.00 to $96.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on AXIS Capital from $74.00 to $78.00 and gave the company an "underweight" rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on AXIS Capital from $92.00 to $98.00 and gave the company a "buy" rating in a report on Monday, November 4th. Bank of America lifted their price target on AXIS Capital from $81.00 to $96.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, TD Cowen assumed coverage on AXIS Capital in a research report on Friday, October 4th. They issued a "buy" rating and a $118.00 price target on the stock. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.86.

AXIS Capital Stock Performance

Shares of AXS stock traded down $0.54 during trading hours on Monday, reaching $86.19. 189,495 shares of the company's stock were exchanged, compared to its average volume of 571,345. The business has a fifty day moving average price of $80.42 and a 200-day moving average price of $75.21. 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 $7.21 billion, a P/E ratio of 12.03, a P/E/G ratio of 0.29 and a beta of 0.90. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27.

Institutional Trading of AXIS Capital

A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in AXIS Capital by 8,717.0% in the second quarter. Victory Capital Management Inc. now owns 1,361,250 shares of the insurance provider's stock worth $96,172,000 after purchasing an additional 1,345,811 shares in the last quarter. Janus Henderson Group PLC increased its stake in AXIS Capital by 30.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider's stock worth $150,928,000 after acquiring an additional 545,546 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of AXIS Capital by 24.4% in the 3rd quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider's stock worth $129,371,000 after purchasing an additional 318,784 shares during the period. Levin Capital Strategies L.P. purchased a new position in AXIS Capital during the 1st quarter valued at $17,065,000. Finally, Millennium Management LLC raised its position in AXIS Capital by 1,644.8% during the 2nd quarter. Millennium Management LLC now owns 240,754 shares of the insurance provider's stock valued at $17,009,000 after purchasing an additional 226,956 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

AXIS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.04%. The ex-dividend date was Monday, September 30th. AXIS Capital's dividend payout ratio is currently 24.41%.

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.