Axis Capital Holdings Limited (NYSE:AXS) Declares $0.44 Quarterly Dividend

Axis Capital Holdings Limited (NYSE:AXS – Get Free Report) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.44 per share by the insurance provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

Axis Capital has raised its dividend payment by an average of 0.0%per year over the last three years. Axis Capital has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Axis Capital to earn $14.31 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 12.3%.

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Axis Capital Stock Down 2.1%

AXS stock opened at $97.25 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.25. The firm has a 50 day simple moving average of $100.71 and a 200-day simple moving average of $101.66. The company has a market capitalization of $7.17 billion, a P/E ratio of 7.25, a PEG ratio of 3.05 and a beta of 0.54. Axis Capital has a twelve month low of $88.07 and a twelve month high of $110.34.

Axis Capital (NYSE:AXS – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.09. Axis Capital had a net margin of 16.00% and a return on equity of 18.12%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the company posted $3.17 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Axis Capital will post 13.2 earnings per share for the current fiscal year.

About Axis Capital

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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.

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