Zacks Research Lifts Earnings Estimates for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS) – Research analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for AXIS Capital in a note issued to investors on Wednesday, November 13th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $10.95 per share for the year, up from their previous 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.

Several other research analysts have also recently issued reports on AXS. TD Cowen began coverage on AXIS Capital in a research report on Friday, October 4th. They issued a “buy” rating and a $118.00 target price on the stock. UBS Group raised their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. 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 research report on Thursday, October 10th. Roth Mkm increased their price target on shares of AXIS Capital from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group boosted their price objective on shares of AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.86.

AXIS Capital Stock Performance

AXS stock opened at $86.73 on Friday. 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 has a market cap of $7.25 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 0.29 and a beta of 0.90. The stock’s fifty day moving average price is $80.42 and its 200-day moving average price is $75.02.

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

AXIS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital’s dividend payout ratio (DPR) is 24.41%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of AXIS Capital during the first quarter valued at approximately $683,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of AXIS Capital during the 1st quarter valued at about $328,000. Empowered Funds LLC bought a new position in shares of AXIS Capital during the 1st quarter valued at about $205,000. State Board of Administration of Florida Retirement System grew its position in shares of AXIS Capital by 4.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 100,737 shares of the insurance provider’s stock valued at $6,550,000 after purchasing an additional 4,703 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of AXIS Capital in the first quarter worth about $5,442,000. 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.