Zacks Research Reduces Earnings Estimates for Axis Capital

Axis Capital Holdings Limited (NYSE:AXS) – Investment analysts at Zacks Research reduced their Q1 2027 EPS estimates for shares of Axis Capital in a research report issued to clients and investors on Tuesday, August 11th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings of $3.25 per share for the quarter, down from their prior forecast of $3.40. The consensus estimate for Axis Capital’s current full-year earnings is $12.58 per share. Zacks Research also issued estimates for Axis Capital’s Q4 2027 earnings at $3.66 EPS, Q1 2028 earnings at $3.59 EPS and FY2028 earnings at $14.62 EPS.

A number of other equities research analysts have also weighed in on the stock. Bank of America dropped their price objective on shares of Axis Capital from $115.00 to $106.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets restated a “market perform” rating on shares of Axis Capital in a research note on Wednesday, July 29th. Mizuho lowered their price target on Axis Capital from $142.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Weiss Ratings upgraded Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company cut their price objective on Axis Capital from $134.00 to $126.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Axis Capital has a consensus rating of “Moderate Buy” and an average target price of $120.50.

Axis Capital Stock Performance

Shares of AXS stock opened at $100.81 on Wednesday. Axis Capital has a 12-month low of $88.07 and a 12-month high of $119.99. The business’s fifty day simple moving average is $107.17 and its 200-day simple moving average is $103.34. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26. The company has a market cap of $7.36 billion, a PE ratio of 7.16, a PEG ratio of 4.37 and a beta of 0.50.

Axis Capital (NYSE:AXS) last posted its earnings results on Wednesday, July 29th. The insurance provider reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Axis Capital had a net margin of 16.23% and a return on equity of 17.00%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.29 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AXS. AQR Capital Management LLC lifted its position in Axis Capital by 30.9% during the fourth quarter. AQR Capital Management LLC now owns 4,592,270 shares of the insurance provider’s stock valued at $491,786,000 after purchasing an additional 1,083,579 shares during the period. Dimensional Fund Advisors LP grew its position in Axis Capital by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,682,238 shares of the insurance provider’s stock worth $373,412,000 after purchasing an additional 299,573 shares during the period. Janus Henderson Group PLC raised its stake in shares of Axis Capital by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,710,902 shares of the insurance provider’s stock valued at $173,504,000 after buying an additional 21,001 shares during the last quarter. State Street Corp lifted its holdings in shares of Axis Capital by 1.0% in the 2nd quarter. State Street Corp now owns 1,631,198 shares of the insurance provider’s stock valued at $170,069,000 after buying an additional 15,755 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Axis Capital by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,387,004 shares of the insurance provider’s stock valued at $148,565,000 after buying an additional 10,246 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.