Zacks Research Increases Earnings Estimates for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS) – Investment analysts at Zacks Research increased their FY2024 earnings per share estimates for AXIS Capital in a report released on Wednesday, November 13th. Zacks Research analyst T. De now expects that the insurance provider will earn $10.95 per share for the year, up from their previous estimate 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.

Other research analysts have also issued research reports about the company. TD Cowen initiated coverage on AXIS Capital in a report on Friday, October 4th. They issued a “buy” rating and a $118.00 target price on the stock. Jefferies Financial Group upped their target price on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. UBS Group lifted their price target on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Roth Mkm upped their price objective on AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company lifted their target price on AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to MarketBeat, AXIS Capital currently has an average rating of “Moderate Buy” and an average target price of $95.86.

AXIS Capital Trading Up 1.9 %

NYSE AXS opened at $86.73 on Friday. AXIS Capital has a 52 week low of $53.48 and a 52 week high of $86.92. The business has a 50 day moving average price of $80.42 and a 200-day moving average price of $75.12. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 0.29 and a beta of 0.90.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.16. The firm 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 in the previous year, the firm earned $2.34 earnings per share.

Hedge Funds Weigh In On AXIS Capital

Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank purchased a new position in AXIS Capital in the 1st quarter worth $5,137,000. Janney Montgomery Scott LLC purchased a new position in AXIS Capital during the first quarter valued at $683,000. Wealth Enhancement Advisory Services LLC lifted its position in AXIS Capital by 71.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,265 shares of the insurance provider’s stock valued at $1,374,000 after acquiring an additional 7,205 shares during the period. Entropy Technologies LP bought a new position in shares of AXIS Capital during the third quarter valued at approximately $507,000. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of AXIS Capital by 84.4% during the second quarter. Ensign Peak Advisors Inc now owns 40,404 shares of the insurance provider’s stock valued at $2,855,000 after purchasing an additional 18,490 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

AXIS Capital Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a yield of 2.03%. AXIS Capital’s dividend payout ratio is currently 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.