Recent Research Analysts’ Ratings Updates for AXIS Capital (AXS)

A number of firms have modified their ratings and price targets on shares of AXIS Capital (NYSE: AXS) recently:

• 10/10/2024 – AXIS Capital had its price target raised by analysts at Wells Fargo & Company from $74.00 to $78.00. They now have an “underweight” rating on the stock.
• 10/10/2024 – AXIS Capital had its price target raised by analysts at Bank of America Co. from $81.00 to $96.00. They now have a “buy” rating on the stock.
• 10/9/2024 – AXIS Capital had its price target raised by analysts at Jefferies Financial Group Inc. from $88.00 to $95.00. They now have a “buy” rating on the stock.
• 10/4/2024 – AXIS Capital is now covered by analysts at TD Cowen. They set a “buy” rating and a $118.00 price target on the stock.

AXIS Capital Price Performance

NYSE AXS opened at $80.95 on Thursday. AXIS Capital Holdings Limited has a 1 year low of $52.90 and a 1 year high of $83.19. The stock’s fifty day moving average price is $78.78 and its 200 day moving average price is $72.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.27 and a beta of 0.89.

AXIS Capital (NYSE:AXS) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.41. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.49 billion. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.23 EPS. As a group, equities research analysts forecast that AXIS Capital Holdings Limited will post 10.72 earnings per share for the current year.

AXIS Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital’s dividend payout ratio is currently 26.91%.

Institutional Trading of AXIS Capital

A number of hedge funds and other institutional investors have recently modified their holdings of AXS. Vanguard Group Inc. lifted its stake in shares of AXIS Capital by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 8,707,110 shares of the insurance provider’s stock valued at $482,113,000 after purchasing an additional 75,085 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of AXIS Capital by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,075,087 shares of the insurance provider’s stock valued at $287,909,000 after purchasing an additional 152,914 shares in the last quarter. AQR Capital Management LLC grew its stake in AXIS Capital by 9.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,583,700 shares of the insurance provider’s stock worth $182,538,000 after purchasing an additional 213,559 shares in the last quarter. Janus Henderson Group PLC lifted its stake in AXIS Capital by 30.7% in the first quarter. Janus Henderson Group PLC now owns 2,321,271 shares of the insurance provider’s stock worth $150,928,000 after acquiring an additional 545,546 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in AXIS Capital by 12.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,417,464 shares of the insurance provider’s stock valued at $100,144,000 after buying an additional 157,110 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

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.