Axis Capital Holdings Limited (NYSE:AXS) Declares Quarterly Dividend of $0.44

Axis Capital Holdings Limited (NYSE:AXS) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.44 per share by the insurance provider on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, June 30th.

Axis Capital has raised its dividend payment by an average of 0.0%per year over the last three years. Axis Capital has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Axis Capital to earn $14.31 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 12.3%.

Axis Capital Stock Down 2.1%

Shares of AXS opened at $97.25 on Thursday. Axis Capital has a fifty-two week low of $88.07 and a fifty-two week high of $110.34. The company’s fifty day moving average is $100.71 and its two-hundred day moving average is $101.66. The firm has a market cap of $7.17 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.25.

Axis Capital (NYSE:AXS) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $3.42 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.09. Axis Capital had a return on equity of 18.12% and a net margin of 16.00%.The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm posted $3.17 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts forecast that Axis Capital will post 13.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on AXS shares. Royal Bank Of Canada raised their price objective on Axis Capital from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Wells Fargo & Company cut their price target on shares of Axis Capital from $123.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Axis Capital from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 8th. UBS Group reissued a “buy” rating on shares of Axis Capital in a research report on Monday, February 2nd. Finally, Roth Mkm reissued a “buy” rating and issued a $120.00 target price on shares of Axis Capital in a research note on Thursday, January 29th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Axis Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.10.

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.