Equities research analysts expect Axis Capital Holdings Limited (NYSE:AXS) to report $1.26 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Axis Capital Holdings Limited’s earnings, with the highest EPS estimate coming in at $1.46 and the lowest estimate coming in at $1.12. Axis Capital Holdings Limited reported earnings per share of $0.51 during the same quarter last year, which would indicate a positive year over year growth rate of 147.1%. The company is expected to issue its next earnings report after the market closes on Wednesday, July 26th.

On average, analysts expect that Axis Capital Holdings Limited will report full year earnings of $3.94 per share for the current year, with EPS estimates ranging from $3.65 to $4.21. For the next financial year, analysts expect that the business will post earnings of $5.01 per share, with EPS estimates ranging from $4.40 to $5.79. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Axis Capital Holdings Limited.

Axis Capital Holdings Limited (NYSE:AXS) last posted its earnings results on Wednesday, April 26th. The insurance provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.81 by $0.22. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.69 billion. Axis Capital Holdings Limited had a return on equity of 7.86% and a net margin of 11.74%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same period last year, the business earned $1.07 earnings per share.

AXS has been the topic of several recent research reports. Zacks Investment Research cut Axis Capital Holdings Limited from a “hold” rating to a “strong sell” rating in a research report on Monday, May 8th. Citigroup Inc. boosted their target price on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Friday, April 7th. BidaskClub cut Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $64.00 target price on shares of Axis Capital Holdings Limited in a research report on Friday, June 2nd. Finally, ValuEngine upgraded Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $66.78.

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Several large investors have recently added to or reduced their stakes in the company. Nepsis Capital Management Inc. boosted its stake in Axis Capital Holdings Limited by 106.6% in the second quarter. Nepsis Capital Management Inc. now owns 80,774 shares of the insurance provider’s stock worth $5,223,000 after buying an additional 41,673 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Axis Capital Holdings Limited by 31.8% in the fourth quarter. Macquarie Group Ltd. now owns 2,900 shares of the insurance provider’s stock worth $189,000 after buying an additional 700 shares in the last quarter. Dai Ichi Life Insurance Company Ltd boosted its stake in Axis Capital Holdings Limited by 12.6% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 75,562 shares of the insurance provider’s stock worth $5,065,000 after buying an additional 8,459 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in Axis Capital Holdings Limited by 24.0% in the first quarter. Great Lakes Advisors LLC now owns 10,565 shares of the insurance provider’s stock worth $708,000 after buying an additional 2,042 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake in Axis Capital Holdings Limited by 0.4% in the first quarter. TD Asset Management Inc. now owns 45,328 shares of the insurance provider’s stock worth $3,038,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 88.27% of the company’s stock.

Shares of Axis Capital Holdings Limited (NYSE:AXS) traded up 0.381% during trading on Thursday, reaching $64.565. The company’s stock had a trading volume of 24,632 shares. The company has a 50 day moving average price of $64.70 and a 200 day moving average price of $65.95. Axis Capital Holdings Limited has a 52 week low of $52.67 and a 52 week high of $71.06. The firm has a market capitalization of $5.46 billion, a P/E ratio of 13.401 and a beta of 0.60.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.36%. The ex-dividend date was Wednesday, June 28th. Axis Capital Holdings Limited’s payout ratio is 31.73%.

About Axis Capital Holdings Limited

AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.

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