Zacks Research Forecasts Stronger Earnings for Axis Capital

Axis Capital Holdings Limited (NYSE:AXS) – Research analysts at Zacks Research lifted their FY2026 earnings per share estimates for Axis Capital in a report released on Friday, June 5th. Zacks Research analyst Team now expects that the insurance provider will post earnings of $13.53 per share for the year, up from their previous forecast of $13.49. The consensus estimate for Axis Capital’s current full-year earnings is $13.25 per share. Zacks Research also issued estimates for Axis Capital’s Q4 2026 earnings at $3.56 EPS, Q4 2027 earnings at $3.55 EPS, FY2027 earnings at $14.34 EPS, Q1 2028 earnings at $3.83 EPS and FY2028 earnings at $15.00 EPS.

Axis Capital (NYSE:AXS) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.09. Axis Capital had a return on equity of 18.12% and a net margin of 16.00%.The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the company posted $3.17 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year.

Several other equities analysts have also issued reports on AXS. Weiss Ratings lowered Axis Capital from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Bank of America lowered their price target on Axis Capital from $115.00 to $106.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods lowered their price target on Axis Capital from $130.00 to $126.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Mizuho set a $137.00 price objective on Axis Capital in a research note on Monday, May 4th. Finally, Wells Fargo & Company lowered their price objective on Axis Capital from $123.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.10.

Axis Capital Trading Down 0.1%

Shares of AXS opened at $98.70 on Monday. Axis Capital has a 12-month low of $88.07 and a 12-month high of $110.34. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 3.02 and a beta of 0.51. The stock’s 50-day moving average price is $99.46 and its 200 day moving average price is $101.84.

Axis Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, June 30th. Axis Capital’s dividend payout ratio is currently 13.11%.

Insider Buying and Selling at Axis Capital

In other news, Director Henry B. Smith sold 2,542 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $98.69, for a total value of $250,869.98. Following the sale, the director directly owned 46,347 shares in the company, valued at approximately $4,573,985.43. This represents a 5.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Axis Capital

Several large investors have recently modified their holdings of the stock. Activest Wealth Management bought a new stake in Axis Capital during the 4th quarter worth approximately $30,000. Assetmark Inc. grew its position in Axis Capital by 80.8% during the 1st quarter. Assetmark Inc. now owns 396 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 177 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Axis Capital during the 1st quarter worth approximately $43,000. Abich Financial Wealth Management LLC bought a new stake in Axis Capital during the 3rd quarter worth approximately $43,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Axis Capital during the 4th quarter worth approximately $47,000. 93.44% of the stock is currently owned by institutional investors.

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.