AXIS Capital FY2024 EPS Estimate Boosted by Zacks Research

AXIS Capital Holdings Limited (NYSE:AXS) – Equities researchers at Zacks Research raised their FY2024 EPS estimates for shares of AXIS Capital in a research report issued on Wednesday, November 13th. Zacks Research analyst T. De now anticipates 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.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods raised their price target on AXIS Capital from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. UBS Group upped their price target on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a report on Monday, November 4th. TD Cowen initiated coverage on shares of AXIS Capital in a research note on Friday, October 4th. They issued a “buy” rating and a $118.00 price objective for the company. Wells Fargo & Company upped their target price on AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group raised their price target on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. One research 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.86.

AXIS Capital Price Performance

NYSE:AXS opened at $86.73 on Friday. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day simple moving average of $80.42 and a 200-day simple moving average of $75.02. AXIS Capital has a 1 year low of $53.48 and a 1 year high of $86.92.

AXIS Capital (NYSE:AXS) last announced 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. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the firm earned $2.34 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of AXIS Capital by 8,717.0% during the second quarter. Victory Capital Management Inc. now owns 1,361,250 shares of the insurance provider’s stock valued at $96,172,000 after purchasing an additional 1,345,811 shares in the last quarter. Janus Henderson Group PLC boosted its position in AXIS Capital by 30.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider’s stock valued at $150,928,000 after acquiring an additional 545,546 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of 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 acquiring an additional 318,784 shares during the period. Levin Capital Strategies L.P. bought a new position in shares of AXIS Capital in the 1st quarter worth $17,065,000. Finally, Millennium Management LLC boosted its position in AXIS Capital by 1,644.8% during the second quarter. Millennium Management LLC now owns 240,754 shares of the insurance provider’s stock valued at $17,009,000 after purchasing an additional 226,956 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

AXIS Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.03%. AXIS Capital’s payout ratio is 24.41%.

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.