Q4 EPS Estimates for AXIS Capital Lifted by Zacks Research

AXIS Capital Holdings Limited (NYSE:AXS) – Research analysts at Zacks Research boosted 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 expects that the insurance provider will post earnings of $2.53 per share 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.

A number of other analysts have also commented on AXS. Wells Fargo & Company decreased their price objective on AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group boosted their price objective on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price objective on AXIS Capital from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. UBS Group boosted their price objective on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, TD Cowen boosted their price objective on AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, AXIS Capital has a consensus rating of “Moderate Buy” and an average target price of $99.25.

AXIS Capital Stock Performance

Shares of AXS opened at $90.19 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day moving average price of $89.29 and a two-hundred day moving average price of $81.28. The firm has a market capitalization of $7.55 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.28 and a beta of 0.95. AXIS Capital has a 52 week low of $54.31 and a 52 week high of $94.89.

AXIS Capital (NYSE:AXS) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.16. The business had revenue of $1.61 billion during 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 in the previous year, the company posted $2.34 EPS.

AXIS Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.95%. AXIS Capital’s payout ratio is presently 24.41%.

Hedge Funds Weigh In On AXIS Capital

Several institutional investors have recently bought and sold shares of AXS. Jennison Associates LLC lifted its stake in 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 purchasing an additional 318,784 shares during the last quarter. Millennium Management LLC lifted its stake in AXIS Capital by 1,644.8% in the second 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 during the last quarter. AQR Capital Management LLC lifted its stake in AXIS Capital by 9.0% in the second quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider’s stock valued at $182,538,000 after purchasing an additional 213,559 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in AXIS Capital by 12.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,417,464 shares of the insurance provider’s stock valued at $100,144,000 after purchasing an additional 157,110 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AXIS Capital by 131.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 254,551 shares of the insurance provider’s stock valued at $20,265,000 after purchasing an additional 144,792 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.