Zacks Research Boosts Earnings Estimates for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS) – Analysts at Zacks Research increased their FY2024 earnings per share estimates for AXIS Capital in a research report issued on Wednesday, November 13th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings per share of $10.95 for the year, up from their prior 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 equities analysts have also recently weighed in on AXS. Keefe, Bruyette & Woods lifted their price target on AXIS Capital from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. UBS Group raised their price objective on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Bank of America increased their price objective on 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 boosted 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. Finally, Wells Fargo & Company increased their price objective on AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, AXIS Capital currently has a consensus rating of “Moderate Buy” and an average price target of $95.86.

AXIS Capital Price Performance

Shares of NYSE:AXS opened at $85.04 on Friday. The company’s 50-day moving average is $80.22 and its 200 day moving average is $74.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. AXIS Capital has a fifty-two week low of $53.48 and a fifty-two week high of $85.67. The company has a market capitalization of $7.11 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 0.28 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 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 period last year, the business posted $2.34 earnings per share.

AXIS Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital’s dividend payout ratio is currently 24.41%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in AXIS Capital by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider’s stock valued at $287,909,000 after purchasing an additional 152,914 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of AXIS Capital by 9.0% during 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 buying an additional 213,559 shares during the last quarter. Janus Henderson Group PLC increased its holdings in AXIS Capital by 30.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider’s stock worth $150,928,000 after buying an additional 545,546 shares in the last quarter. Jennison Associates LLC raised its position in AXIS Capital by 24.4% in the 3rd quarter. Jennison Associates LLC now owns 1,625,057 shares of the insurance provider’s stock worth $129,371,000 after buying an additional 318,784 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in AXIS Capital by 12.5% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,417,464 shares of the insurance provider’s stock valued at $100,144,000 after acquiring an additional 157,110 shares during the period. 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.