Axis Capital (NYSE:AXS) Given New $121.00 Price Target at Wells Fargo & Company

Axis Capital (NYSE:AXS) had its target price cut by research analysts at Wells Fargo & Company from $124.00 to $121.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 16.97% from the stock’s previous close.

A number of other research firms have also issued reports on AXS. Royal Bank Of Canada raised their target price on shares of Axis Capital from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America dropped their price objective on Axis Capital from $119.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday. UBS Group increased their target price on Axis Capital from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Mizuho initiated coverage on Axis Capital in a research report on Monday, December 15th. They issued an “outperform” rating and a $133.00 price target on the stock. Finally, Compass Point set a $121.00 price objective on Axis Capital in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.90.

Axis Capital Stock Down 0.6%

Shares of AXS traded down $0.60 during mid-day trading on Friday, hitting $103.45. 54,221 shares of the company’s stock were exchanged, compared to its average volume of 664,020. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.27. Axis Capital has a twelve month low of $84.81 and a twelve month high of $110.34. The firm has a fifty day moving average of $103.48 and a two-hundred day moving average of $98.82. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 0.97 and a beta of 0.65.

Axis Capital (NYSE:AXS) last announced its quarterly earnings results on Wednesday, January 28th. The insurance provider reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.28. Axis Capital had a return on equity of 18.90% and a net margin of 15.37%.The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm earned $3.38 earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts forecast that Axis Capital will post 11.19 earnings per share for the current year.

Hedge Funds Weigh In On Axis Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp increased its stake in Axis Capital by 45.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,386 shares of the insurance provider’s stock valued at $1,969,000 after acquiring an additional 5,766 shares during the period. R Squared Ltd boosted its holdings in Axis Capital by 36.4% during the fourth quarter. R Squared Ltd now owns 10,836 shares of the insurance provider’s stock valued at $1,160,000 after purchasing an additional 2,889 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Axis Capital in the 4th quarter valued at approximately $220,000. Ashton Thomas Private Wealth LLC grew its stake in shares of Axis Capital by 10.6% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,593 shares of the insurance provider’s stock valued at $386,000 after purchasing an additional 343 shares during the period. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Axis Capital by 8.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,773 shares of the insurance provider’s stock worth $1,261,000 after buying an additional 966 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Axis Capital News Summary

Here are the key news stories impacting Axis Capital this week:

• Positive Sentiment: Q4 results beat expectations — operating income/adjusted EPS of $3.25 beat consensus ($2.97) and reported net income of $282M ($3.67 per share); revenue of $1.73B also topped estimates and rose ~17.8% year-over-year. Press Release
• Positive Sentiment: Strong profitability metrics — return on equity ~18.9% and net margin ~15.4% point to solid underwriting/portfolio performance that supports valuation. MarketBeat Summary
• Positive Sentiment: Management highlighted record growth and strategic investments aimed at diversifying revenue (new business lines, tech modernization), signaling multi-year growth potential. Earnings Highlights
• Neutral Sentiment: 2026 top-line guidance is for mid- to high-single-digit premium growth — positive for scale but not aggressive; management plans to invest in technology and new lines, which could boost future margins but increase near-term spend. Guidance Article
• Neutral Sentiment: Full earnings slide deck and conference call transcript provide detail on reserve development, segment results and capital deployment — useful for investors but not market-moving by itself. Call Transcript
• Negative Sentiment: Analyst reaction mixed — Bank of America cut its price target from $119 to $115 and reiterated a neutral rating, flagging limited near-term upside and potentially weighing on sentiment. Analyst Note
• Negative Sentiment: Expenses and investments rose in the quarter; several reports note higher operating costs that could pressure near-term margins despite the EPS beat. Zacks Coverage

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.