Analysts Issue Forecasts for AXIS Capital FY2024 Earnings

AXIS Capital Holdings Limited (NYSE:AXS) – Stock analysts at Zacks Research lifted their FY2024 EPS estimates for AXIS Capital in a report released on Wednesday, November 13th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings per share of $10.95 for the year, up from their previous estimate of $10.71. The consensus estimate for AXIS Capital’s current full-year earnings is $10.83 per share. Zacks Research also issued estimates for AXIS Capital’s Q2 2025 earnings at $3.00 EPS, Q4 2025 earnings at $3.25 EPS, Q1 2026 earnings at $2.71 EPS and FY2026 earnings at $12.79 EPS.

A number of other research analysts have also recently weighed in on the stock. UBS Group lifted their target price on shares of AXIS Capital from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group lifted their target price on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on AXIS Capital from $74.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. TD Cowen initiated coverage on shares of AXIS Capital in a report on Friday, October 4th. They issued a “buy” rating and a $118.00 target price for the company. Finally, Roth Mkm upped their price target on shares of AXIS Capital from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $95.86.

AXIS Capital Stock Performance

AXS opened at $86.73 on Friday. The company has a 50 day simple moving average of $80.42 and a two-hundred day simple moving average of $75.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $7.26 billion, a P/E ratio of 12.03, a PEG ratio of 0.29 and a beta of 0.90. AXIS Capital has a 1-year low of $53.48 and a 1-year high of $86.92.

AXIS Capital (NYSE:AXS) last released its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.16. AXIS Capital had a return on equity of 19.24% and a net margin of 10.82%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $2.34 earnings per share.

AXIS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a yield of 2.03%. AXIS Capital’s payout ratio is currently 24.41%.

Hedge Funds Weigh In On AXIS Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc grew its position in AXIS Capital by 55.6% in the second quarter. Versant Capital Management Inc now owns 462 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC grew its holdings in shares of AXIS Capital by 80.4% during the 2nd quarter. GAMMA Investing LLC now owns 507 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 226 shares during the period. Covestor Ltd increased its position in shares of AXIS Capital by 45.9% during the 1st quarter. Covestor Ltd now owns 588 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 185 shares during the last quarter. True Wealth Design LLC purchased a new stake in AXIS Capital in the 3rd quarter valued at about $40,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in AXIS Capital by 32.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 602 shares of the insurance provider’s stock valued at $43,000 after buying an additional 148 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.