Zacks Research Reduces Earnings Estimates for Axis Capital

Axis Capital Holdings Limited (NYSE:AXS) – Research analysts at Zacks Research lowered their Q1 2027 earnings per share (EPS) estimates for Axis Capital in a research report issued to clients and investors on Tuesday, November 10th. Zacks Research analyst Team now anticipates that the insurance provider will earn $3.07 per share for the quarter, down from their prior forecast of $3.16. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Axis Capital’s current full-year earnings is $12.47 per share. Zacks Research also issued estimates for Axis Capital’s Q2 2027 earnings at $3.16 EPS, FY2027 earnings at $13.22 EPS and Q1 2028 earnings at $3.44 EPS.

Other equities research analysts have also recently issued reports about the stock. Capital One Financial set a $108.00 target price on shares of Axis Capital in a research report on Wednesday, July 29th. Roth Capital set a $115.00 price target on shares of Axis Capital in a research report on Thursday, October 29th. Wells Fargo & Company increased their price objective on shares of Axis Capital from $112.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. Citigroup reissued a “neutral” rating on shares of Axis Capital in a research note on Thursday, October 29th. Finally, TD Cowen reiterated a “buy” rating and set a $130.00 price target on shares of Axis Capital in a report on Tuesday, August 25th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Axis Capital Trading Up 1.3%

Shares of AXS opened at $107.89 on Wednesday. Axis Capital has a 52-week low of $93.02 and a 52-week 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 firm’s fifty day moving average is $99.80 and its two-hundred day moving average is $102.19. The stock has a market cap of $7.74 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 3.53 and a beta of 0.39.

Axis Capital (NYSE:AXS) last issued its quarterly earnings results on Wednesday, October 28th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.27. Axis Capital had a return on equity of 16.61% and a net margin of 14.62%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company posted $3.25 earnings per share.

Institutional Trading of Axis Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Axis Capital by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,682,238 shares of the insurance provider’s stock worth $373,412,000 after buying an additional 299,573 shares during the last quarter. Janus Henderson Group PLC grew its stake in Axis Capital by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,710,902 shares of the insurance provider’s stock valued at $173,504,000 after acquiring an additional 21,001 shares during the last quarter. Jennison Associates LLC grew its stake in Axis Capital by 2.2% in the 1st quarter. Jennison Associates LLC now owns 1,071,887 shares of the insurance provider’s stock valued at $108,700,000 after acquiring an additional 23,109 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Axis Capital by 31.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 979,944 shares of the insurance provider’s stock valued at $99,376,000 after acquiring an additional 234,353 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Axis Capital by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 468,946 shares of the insurance provider’s stock worth $47,556,000 after acquiring an additional 15,839 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Activity

In other news, Director Henry Smith sold 4,893 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $106.15, for a total value of $519,391.95. Following the completion of the sale, the director directly owned 41,454 shares of the company’s stock, valued at approximately $4,400,342.10. This represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Axis Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, September 30th. Axis Capital’s dividend payout ratio (DPR) is currently 13.45%.

About Axis Capital

AXIS Capital Holdings Limited is a global specialty insurer and reinsurer headquartered in Bermuda. Founded in 2001, the company serves businesses and other clients through insurance and reinsurance operations. Its insurance offerings include coverage for property and casualty risks, professional liability, cyber, marine, aviation, energy, and accident and health. Its reinsurance business provides protection to other insurers across property, casualty, and specialty lines. AXIS operates in markets around the world, including North America, Europe, and Asia-Pacific.