Zacks Research Expects Reduced Earnings for Axis Capital

Axis Capital Holdings Limited (NYSE:AXS) – Stock analysts at Zacks Research lowered their Q1 2028 earnings per share estimates for Axis Capital in a research note issued to investors on Thursday, April 16th. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $4.00 for the quarter, down from their previous forecast of $4.02. The consensus estimate for Axis Capital’s current full-year earnings is $13.34 per share.

Several other equities research analysts have also recently issued reports on AXS. Jefferies Financial Group restated a “buy” rating and set a $122.00 price objective on shares of Axis Capital in a report on Friday, January 30th. UBS Group reiterated a “buy” rating on shares of Axis Capital in a report on Monday, February 2nd. Royal Bank Of Canada lifted their target price on Axis Capital from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Weiss Ratings upgraded Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, March 17th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $110.00 target price on shares of Axis Capital in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.80.

Axis Capital Price Performance

AXS stock opened at $102.16 on Monday. Axis Capital has a 52-week low of $88.07 and a 52-week high of $110.34. The stock’s fifty day simple moving average is $101.86 and its 200-day simple moving average is $101.21. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 2.07 and a beta of 0.63.

Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, January 28th. The insurance provider reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.28. Axis Capital had a return on equity of 18.72% and a net margin of 15.37%.The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the firm earned $3.38 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXS. Activest Wealth Management purchased a new position in Axis Capital in the fourth quarter valued at about $30,000. Root Financial Partners LLC purchased a new position in Axis Capital in the third quarter valued at about $29,000. Abich Financial Wealth Management LLC purchased a new position in Axis Capital in the third quarter valued at about $43,000. Fideuram Asset Management Ireland dac purchased a new position in Axis Capital in the fourth quarter valued at about $47,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in Axis Capital in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Axis Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.44 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.76 dividend on an annualized basis and a yield of 1.7%. Axis Capital’s dividend payout ratio (DPR) is presently 14.21%.

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.