AXIS Capital Q4 EPS Estimate Decreased by Zacks Research

AXIS Capital Holdings Limited (NYSE:AXS) – Investment analysts at Zacks Research lowered their Q4 2024 earnings estimates for shares of AXIS Capital in a note issued to investors on Wednesday, November 13th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings per share of $2.52 for the quarter, down from their previous estimate 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.

Other equities research analysts have also issued research reports about the company. UBS Group upped their target price on AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Bank of America increased 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. Jefferies Financial Group lifted their price target on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their target price on shares of AXIS Capital from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Roth Mkm boosted their target price on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to MarketBeat.com, AXIS Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.86.

AXIS Capital Stock Down 0.6 %

AXS opened at $86.22 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 business’s fifty day moving average is $80.42 and its two-hundred day moving average is $75.21. AXIS Capital has a one year low of $53.49 and a one year high of $86.92. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.29 and a beta of 0.90.

AXIS Capital (NYSE:AXS) last released 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 company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. During the same quarter last year, the company earned $2.34 earnings per share.

AXIS Capital Dividend Announcement

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

Institutional Trading of AXIS Capital

A number of hedge funds and other institutional investors have recently modified their holdings of AXS. Versant Capital Management Inc increased its position in shares of AXIS Capital by 55.6% in the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 165 shares in the last quarter. GAMMA Investing LLC grew its stake in AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock valued at $36,000 after buying an additional 226 shares during the last quarter. Covestor Ltd lifted its position in shares of AXIS Capital by 45.9% during the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 185 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of AXIS Capital in the third quarter worth $40,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of 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 last quarter. 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.