Zacks Research Forecasts Stronger Earnings for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS) – Equities research analysts at Zacks Research boosted their Q4 2024 earnings estimates for shares of AXIS Capital in a report issued on Wednesday, January 15th. Zacks Research analyst T. De now anticipates that the insurance provider will earn $2.53 per share for the quarter, up from their previous estimate of $2.52. 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 Q2 2025 earnings at $3.01 EPS and Q1 2026 earnings at $2.72 EPS.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, topping the consensus estimate of $2.55 by $0.16. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same quarter in the previous year, the company earned $2.34 EPS.

Several other analysts have also recently issued reports on the stock. Bank of America upped their target price on shares of AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company decreased their target price on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on shares of AXIS Capital from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets initiated coverage on shares of AXIS Capital in a research report on Monday, January 13th. They set a “market perform” rating and a $93.00 target price on the stock. Finally, Jefferies Financial Group increased their price objective on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, AXIS Capital presently has an average rating of “Moderate Buy” and an average target price of $99.25.

AXIS Capital Stock Down 1.1 %

Shares of AXS stock opened at $89.28 on Monday. The stock has a market cap of $7.47 billion, a P/E ratio of 12.38, a PEG ratio of 0.29 and a beta of 0.95. AXIS Capital has a 52 week low of $54.97 and a 52 week high of $94.89. 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’s fifty day simple moving average is $89.53 and its two-hundred day simple moving average is $81.57.

AXIS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.44 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.97%. AXIS Capital’s dividend payout ratio is currently 24.41%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new position in shares of AXIS Capital during the third quarter worth $40,000. Point72 Asia Singapore Pte. Ltd. raised its holdings 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 worth $43,000 after purchasing an additional 148 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of AXIS Capital by 24.0% during the fourth quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 130 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of AXIS Capital by 424.6% during the third quarter. Blue Trust Inc. now owns 1,217 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 985 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in AXIS Capital during the third quarter valued at $99,000. 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.