Axis Capital Holdings Limited (AXS) To Go Ex-Dividend on September 30th

Axis Capital Holdings Limited (NYSE:AXS) declared a quarterly dividend on Wednesday, September 16th. Investors of record on Wednesday, September 30th will be given a dividend of 0.44 per share by the insurance provider on Thursday, October 15th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, September 30th.

Axis Capital has raised its dividend by an average of 0.0%annually over the last three years. Axis Capital has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Axis Capital to earn $13.45 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 13.1%.

Axis Capital Price Performance

Shares of AXS opened at $100.15 on Friday. The business’s 50-day moving average is $104.46 and its 200-day moving average is $102.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 4.35 and a beta of 0.49. Axis Capital has a fifty-two week low of $88.07 and a fifty-two week high of $119.99.

Axis Capital (NYSE:AXS) last announced its quarterly earnings data on Wednesday, July 29th. The insurance provider reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). Axis Capital had a net margin of 16.23% and a return on equity of 17.00%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm posted $3.29 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts expect that Axis Capital will post 12.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AXS has been the subject of several research reports. Wells Fargo & Company reduced their price target on 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 shares of Axis Capital from $130.00 to $118.00 and set an “outperform” rating for the company in a research note on Wednesday. Weiss Ratings upgraded Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, September 2nd. TD Cowen reiterated a “buy” rating and issued a $130.00 price objective on shares of Axis Capital in a research report on Tuesday, August 25th. Finally, Capital One Financial set a $108.00 price objective on Axis Capital in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Axis Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.31.

Axis Capital Company Profile

AXIS Capital Holdings Limited (NYSE: AXS) is a Bermuda-based specialty insurance and reinsurance company. Through its subsidiaries, the company provides coverage and risk-management solutions for businesses, institutions and other insurance companies.

Its insurance operations offer products across property, casualty, professional liability, cyber, marine, aviation, accident and health, and other specialty lines. Its reinsurance business assumes risks from primary insurers through property, casualty and specialty reinsurance arrangements.

Founded in 2001, AXIS serves clients and distribution partners in major insurance markets across North America, Bermuda, Europe, Asia-Pacific and other international regions.