Zacks Research Has Positive View of Axis Capital Q3 Earnings

Axis Capital Holdings Limited (NYSE:AXS) – Analysts at Zacks Research raised their Q3 2026 earnings estimates for shares of Axis Capital in a research report issued to clients and investors on Thursday, August 13th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $2.92 per share for the quarter, up from their previous estimate of $2.87. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Axis Capital’s current full-year earnings is $12.39 per share. Zacks Research also issued estimates for Axis Capital’s FY2026 earnings at $12.62 EPS and Q4 2027 earnings at $3.59 EPS.

Axis Capital (NYSE:AXS) last announced its earnings results on Wednesday, July 29th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). Axis Capital had a return on equity of 17.00% and a net margin of 16.23%.The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $3.29 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year.

Several other analysts have also weighed in on AXS. Wells Fargo & Company dropped their price objective on shares of Axis Capital from $134.00 to $126.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Mizuho reduced their target price on Axis Capital from $142.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. UBS Group decreased their price target on Axis Capital from $131.00 to $126.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. BMO Capital Markets restated a “market perform” rating on shares of Axis Capital in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.50.

Axis Capital Price Performance

NYSE:AXS opened at $100.88 on Monday. The firm has a market cap of $7.36 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 4.41 and a beta of 0.50. Axis Capital has a 12 month low of $88.07 and a 12 month high of $119.99. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $107.55 and its two-hundred day moving average price is $103.25.

Institutional Investors Weigh In On Axis Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC raised its stake in Axis Capital by 5.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 2,104 shares of the insurance provider’s stock worth $202,000 after purchasing an additional 100 shares in the last quarter. Truist Financial Corp grew its position in shares of Axis Capital by 2.3% during the 4th quarter. Truist Financial Corp now owns 4,597 shares of the insurance provider’s stock worth $492,000 after purchasing an additional 105 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Axis Capital by 2.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,390 shares of the insurance provider’s stock worth $577,000 after purchasing an additional 107 shares during the period. Stifel Financial Corp increased its holdings in shares of Axis Capital by 0.3% during the fourth quarter. Stifel Financial Corp now owns 37,119 shares of the insurance provider’s stock worth $3,975,000 after purchasing an additional 122 shares during the period. Finally, Evoke Wealth LLC raised its position in shares of Axis Capital by 6.0% in the fourth quarter. Evoke Wealth LLC now owns 2,827 shares of the insurance provider’s stock valued at $304,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.