Q4 EPS Estimates for AXIS Capital Boosted by Zacks Research

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

AXS has been the subject of several other research reports. Wells Fargo & Company lowered their target price on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price objective 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. BMO Capital Markets started coverage on shares of AXIS Capital in a research note on Monday, January 13th. They issued a “market perform” rating and a $93.00 price objective for the company. Bank of America raised their price objective 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. Finally, 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 note on Monday, November 4th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.25.

AXIS Capital Price Performance

AXIS Capital stock opened at $89.28 on Monday. AXIS Capital has a 12-month low of $54.97 and a 12-month high of $94.89. 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. The company has a 50-day moving average price of $89.53 and a 200 day moving average price of $81.57. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27.

AXIS Capital (NYSE:AXS) last announced its 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 business had revenue of $1.61 billion for the quarter, compared to analyst estimates 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 last year, the business earned $2.34 earnings per share.

Hedge Funds Weigh In On AXIS Capital

A number of institutional investors have recently modified their holdings of the business. Franklin Resources Inc. increased its stake in AXIS Capital by 48.6% in the 3rd quarter. Franklin Resources Inc. now owns 371,557 shares of the insurance provider’s stock valued at $30,070,000 after buying an additional 121,437 shares during the period. Verition Fund Management LLC acquired a new position in AXIS Capital in the 3rd quarter valued at $453,000. HighTower Advisors LLC acquired a new position in AXIS Capital in the 3rd quarter valued at $638,000. Entropy Technologies LP acquired a new position in AXIS Capital in the 3rd quarter valued at $507,000. Finally, Jennison Associates LLC increased its stake 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 valued at $129,371,000 after buying an additional 318,784 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

AXIS Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 payout ratio is 24.41%.

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.