Brokers Issue Forecasts for AXIS Capital FY2024 Earnings

AXIS Capital Holdings Limited (NYSE:AXS) – Stock analysts at Zacks Research boosted their FY2024 earnings per share estimates for shares of AXIS Capital in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst T. De now forecasts 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 equities research analysts also recently issued reports about the stock. Roth Mkm raised their price target on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group raised their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group increased their price target on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised their price objective on AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Finally, Bank of America increased their target price on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to MarketBeat.com, AXIS Capital currently has an average rating of “Moderate Buy” and a consensus price target of $95.86.

AXIS Capital Price Performance

Shares of AXS stock opened at $85.04 on Friday. The business has a fifty day simple moving average of $80.22 and a 200 day simple moving average of $74.85. The company has a market cap of $7.11 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.28 and a beta of 0.90. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. AXIS Capital has a twelve month low of $53.48 and a twelve month high of $85.67.

AXIS Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, beating the consensus estimate of $2.55 by $0.16. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same period in the previous year, the business earned $2.34 earnings per share.

AXIS Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 2.07%. AXIS Capital’s payout ratio is 24.41%.

Institutional Investors Weigh In On AXIS Capital

A number of institutional investors have recently modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of AXIS Capital by 55.6% in the 2nd quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 165 shares in the last quarter. True Wealth Design LLC bought a new position in shares of AXIS Capital during the 3rd quarter worth about $40,000. GAMMA Investing LLC increased its position in AXIS Capital by 80.4% in the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock valued at $36,000 after buying an additional 226 shares in the last quarter. Covestor Ltd raised its stake in AXIS Capital by 45.9% during the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after buying an additional 185 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in AXIS Capital by 32.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 148 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

AXIS Capital Company Profile

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.