AXIS Capital Q4 EPS Forecast Increased by Zacks Research

AXIS Capital Holdings Limited (NYSE:AXS) – Stock analysts at Zacks Research raised their Q4 2024 earnings per share estimates for AXIS Capital in a research note issued on Wednesday, January 15th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $2.53 for the quarter, up from their previous estimate 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.

Several other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of AXIS Capital from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Bank of America increased their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen increased their target price on shares of AXIS Capital from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group increased their target price on shares of AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group increased 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, AXIS Capital has an average rating of “Moderate Buy” and an average target price of $99.25.

AXIS Capital Trading Up 0.2 %

Shares of NYSE: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’s 50-day moving average is $89.43 and its 200-day moving average is $81.43. AXIS Capital has a 52-week low of $54.31 and a 52-week high of $94.89. The company has a market cap of $7.54 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.28 and a beta of 0.95.

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 company had revenue of $1.61 billion for 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 period last year, the business posted $2.34 earnings per share.

AXIS Capital Announces Dividend

The company 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, December 31st. AXIS Capital’s dividend payout ratio (DPR) is currently 24.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in shares of AXIS Capital by 235.6% in the second quarter. Renaissance Technologies LLC now owns 165,100 shares of the insurance provider’s stock valued at $11,664,000 after purchasing an additional 115,900 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of AXIS Capital by 3.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 9,527 shares of the insurance provider’s stock valued at $673,000 after purchasing an additional 342 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of AXIS Capital by 21.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,854 shares of the insurance provider’s stock valued at $484,000 after purchasing an additional 1,203 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of AXIS Capital in the second quarter valued at approximately $427,000. Finally, Seven Eight Capital LP acquired a new stake in shares of AXIS Capital in the second quarter valued at approximately $527,000. 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.