Q4 EPS Estimates for AXIS Capital Lowered by Zacks Research

AXIS Capital Holdings Limited (NYSE:AXS) – Investment analysts at Zacks Research dropped their Q4 2024 earnings per share 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 earn $2.52 per share for the quarter, down from their previous 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) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.16. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. During the same period last year, the company earned $2.34 EPS.

A number of other analysts also recently weighed in on AXS. Bank of America upped their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Roth Mkm upped their price objective on shares of AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group raised their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, November 4th. TD Cowen assumed coverage on shares of AXIS Capital in a research note on Friday, October 4th. They set a “buy” rating and a $118.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their target price on shares of AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. One 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 currently has an average rating of “Moderate Buy” and an average target price of $95.86.

AXIS Capital Price Performance

Shares of NYSE AXS opened at $86.73 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. AXIS Capital has a 1 year low of $53.48 and a 1 year high of $86.92. The company’s 50-day moving average is $80.42 and its 200 day moving average is $75.21. The stock has a market capitalization of $7.25 billion, a P/E ratio of 12.03, a P/E/G ratio of 0.29 and a beta of 0.90.

AXIS Capital Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Independent Advisor Alliance raised its holdings in shares of AXIS Capital by 0.4% in the third quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider’s stock valued at $2,591,000 after acquiring an additional 125 shares in the last quarter. Pathstone Holdings LLC increased its holdings in AXIS Capital by 0.4% during the third quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider’s stock valued at $2,542,000 after buying an additional 127 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in AXIS Capital by 32.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock valued at $43,000 after buying an additional 148 shares during the period. Versant Capital Management Inc increased its holdings in AXIS Capital by 55.6% during the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after buying an additional 165 shares during the period. Finally, Gries Financial LLC increased its holdings in AXIS Capital by 4.9% during the second quarter. Gries Financial LLC now owns 3,523 shares of the insurance provider’s stock valued at $249,000 after buying an additional 166 shares during the period. 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.