Zacks Research Reduces Earnings Estimates for Axis Capital

Axis Capital Holdings Limited (NYSE:AXS) – Analysts at Zacks Research dropped their Q1 2027 earnings per share estimates for shares of Axis Capital in a research note issued to investors on Monday, October 12th. Zacks Research analyst Team now anticipates that the insurance provider will earn $3.16 per share for the quarter, down from their prior estimate of $3.17. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Axis Capital’s current full-year earnings is $12.41 per share. Zacks Research also issued estimates for Axis Capital’s Q2 2027 earnings at $3.23 EPS.

Axis Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, July 29th. The insurance provider reported $2.84 earnings per share 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 business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 earnings per share.

A number of other research analysts have also recently commented on AXS. TD Cowen reiterated a “buy” rating and set a $130.00 price target on shares of Axis Capital in a research report on Tuesday, August 25th. UBS Group decreased their price target on shares of Axis Capital from $131.00 to $126.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Atlantic Securities set a $122.00 price objective on shares of Axis Capital in a report on Wednesday, July 15th. Keefe, Bruyette & Woods cut their price objective on shares of Axis Capital from $131.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Finally, Capital One Financial set a $108.00 price objective on shares of Axis Capital in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Axis Capital has a consensus rating of “Moderate Buy” and a consensus target price of $119.08.

Axis Capital Stock Performance

NYSE:AXS opened at $97.31 on Tuesday. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 4.21 and a beta of 0.45. The business has a 50 day moving average of $98.82 and a 200 day moving average of $101.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.64 and a quick ratio of 0.64. Axis Capital has a 1-year low of $88.07 and a 1-year high of $119.99.

Institutional Investors Weigh In On Axis Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. NorthCrest Asset Manangement LLC boosted its holdings in Axis Capital by 10.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,255 shares of the insurance provider’s stock valued at $707,000 after acquiring an additional 687 shares during the period. Farther Finance Advisors LLC increased its stake in Axis Capital by 23.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,414 shares of the insurance provider’s stock worth $133,000 after purchasing an additional 272 shares during the period. QRG Capital Management Inc. increased its stake in Axis Capital by 8.0% in the 2nd quarter. QRG Capital Management Inc. now owns 5,849 shares of the insurance provider’s stock worth $628,000 after purchasing an additional 433 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Axis Capital in the 2nd quarter worth approximately $422,000. Finally, Sequoia Financial Advisors LLC lifted its position in Axis Capital by 0.5% in the second quarter. Sequoia Financial Advisors LLC now owns 30,646 shares of the insurance provider’s stock valued at $3,293,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Axis Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.44 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.8%. Axis Capital’s payout ratio is currently 12.50%.

About Axis Capital

AXIS Capital Holdings Limited is a global specialty insurance and reinsurance company headquartered in Bermuda. Through its insurance and reinsurance operations, the company provides coverage and risk-transfer solutions for businesses, institutions, and other insurers.

Its insurance offerings include commercial property and casualty coverage, professional liability, cyber insurance, marine and aviation insurance, accident and health products, and other specialty lines. Its reinsurance business supports primary insurers across property, casualty, specialty, and other risks, using both treaty and facultative arrangements.

Founded in 2001, AXIS serves clients and distribution partners through operations in key insurance markets, including Bermuda, the United States, Canada, the United Kingdom, Europe, and other international locations.