Q1 EPS Estimates for AXIS Capital Boosted by Zacks Research

AXIS Capital Holdings Limited (NYSE:AXS) – Research analysts at Zacks Research boosted their Q1 2027 EPS estimates for shares of AXIS Capital in a research report issued on Monday, April 14th. Zacks Research analyst T. De now expects that the insurance provider will earn $3.66 per share for the quarter, up from their previous forecast of $3.63. The consensus estimate for AXIS Capital’s current full-year earnings is $11.19 per share.

AXS has been the subject of several other reports. Keefe, Bruyette & Woods decreased their price target on shares of AXIS Capital from $120.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. JMP Securities restated a “market perform” rating on shares of AXIS Capital in a research note on Monday, February 3rd. StockNews.com raised AXIS Capital from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. UBS Group raised their price objective on AXIS Capital from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company upped their target price on AXIS Capital from $97.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, AXIS Capital has an average rating of “Moderate Buy” and a consensus target price of $106.75.

AXIS Capital Trading Down 0.4 %

AXS opened at $94.60 on Thursday. AXIS Capital has a 12 month low of $60.64 and a 12 month high of $101.42. The stock has a fifty day moving average price of $94.05 and a 200-day moving average price of $89.32. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 3.96 and a beta of 0.67. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27.

AXIS Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.29. AXIS Capital had a net margin of 18.16% and a return on equity of 18.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in AXIS Capital during the first quarter worth $33,000. Steward Partners Investment Advisory LLC acquired a new position in shares of AXIS Capital during the 4th quarter worth about $53,000. Versant Capital Management Inc lifted its stake in AXIS Capital by 24.0% in the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider’s stock valued at $59,000 after buying an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in AXIS Capital by 73.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the insurance provider’s stock worth $59,000 after buying an additional 285 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in AXIS Capital during the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Charles A. Davis sold 2,139,037 shares of AXIS Capital stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total value of $199,999,959.50. Following the completion of the transaction, the director now owns 2,404,133 shares in the company, valued at $224,786,435.50. The trade was a 47.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

AXIS Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Monday, March 31st. AXIS Capital’s dividend payout ratio is currently 14.25%.

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.