Axis Capital (NYSE:AXS) Releases Earnings Results, Misses Expectations By $0.41 EPS

Axis Capital (NYSE:AXS) posted its quarterly earnings results on Monday. The insurance provider reported $2.84 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.41), FiscalAI reports. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Axis Capital had a net margin of 16.00% and a return on equity of 18.12%. Axis Capital’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.29 earnings per share.

Axis Capital Price Performance

Axis Capital stock traded down $12.12 during mid-day trading on Wednesday, hitting $107.15. 233,864 shares of the company were exchanged, compared to its average volume of 636,693. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $7.90 billion, a P/E ratio of 7.93, a PEG ratio of 3.42 and a beta of 0.49. Axis Capital has a 12-month low of $88.07 and a 12-month high of $119.99. The business’s 50 day simple moving average is $105.91 and its two-hundred day simple moving average is $103.14.

Axis Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Axis Capital’s payout ratio is 13.11%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Axis Capital

A number of hedge funds and other institutional investors have recently modified their holdings of AXS. DV Equities LLC acquired a new position in Axis Capital in the fourth quarter worth about $54,000. Johnson Financial Group Inc. acquired a new position in Axis Capital during the third quarter worth about $78,000. Kestra Advisory Services LLC acquired a new stake in Axis Capital during the 4th quarter valued at approximately $84,000. Quadrant Capital Group LLC acquired a new stake in Axis Capital in the fourth quarter worth $101,000. Finally, Empowered Funds LLC acquired a new position in shares of Axis Capital during the fourth quarter worth approximately $171,000. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AXS shares. Weiss Ratings raised Axis Capital from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods upped their target price on shares of Axis Capital from $126.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Mizuho increased their target price on shares of Axis Capital from $137.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Bank of America dropped their price target on shares of Axis Capital from $115.00 to $106.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Atlantic Securities set a $122.00 price objective on shares of Axis Capital in a report on Wednesday, July 15th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Axis Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.45.

Key Axis Capital News

Here are the key news stories impacting Axis Capital this week:

• Positive Sentiment: AXIS Capital reported second-quarter net income available to common shareholders of $251 million, or $3.38 per diluted share, up from $216 million, or $2.72 per share, a year earlier. Revenue increased 7.4% year over year to $1.75 billion. AXIS Capital second-quarter results
• Positive Sentiment: Underlying insurance performance was solid: gross premiums written rose 6% to $2.7 billion, the combined ratio was a profitable 93.1%, and underwriting income reached $143 million. Insurance premiums grew 15%, while book value per diluted share rose 4.5% from year-end 2025 and 14.7% from a year earlier. AXIS Capital net income and premium results
• Neutral Sentiment: AXIS Capital is attracting attention in Russell 1000-related coverage, while its valuation remains relatively modest at about 8.1 times earnings. However, investors are also assessing changing insurance-market conditions and risks linked to the Middle East conflict. Why AXIS Capital is trending in Russell 1000
• Negative Sentiment: Operating income was $211 million, or $2.84 per share, below analysts’ estimates of roughly $3.23-$3.25 and down from $3.29 a year earlier. The earnings shortfall is the main reason the stock may face pressure despite higher revenue and net income. Reinsurance gross premiums written also declined 25%, partially offsetting insurance growth. AXIS Capital misses second-quarter earnings estimates

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.