Zacks Research Lowers Earnings Estimates for Axis Capital

Axis Capital Holdings Limited (NYSE:AXS) – Investment analysts at Zacks Research decreased their Q1 2027 earnings estimates for shares of Axis Capital in a research note issued to investors on Friday, June 5th. Zacks Research analyst Team now anticipates that the insurance provider will earn $3.40 per share for the quarter, down from their prior forecast of $3.41. 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 Q2 2027 earnings at $3.70 EPS.

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

Axis Capital Price Performance

AXS stock opened at $96.15 on Tuesday. The stock has a 50-day moving average price of $99.36 and a two-hundred day moving average price of $101.80. The stock has a market cap of $7.09 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.25. Axis Capital has a 1 year low of $88.07 and a 1 year high of $110.34.

Axis Capital (NYSE:AXS) last released its earnings results on Wednesday, April 29th. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.09. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Axis Capital had a return on equity of 18.12% and a net margin of 16.00%.The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.17 EPS.

Hedge Funds Weigh In On Axis Capital

Large investors have recently modified their holdings of the business. Activest Wealth Management acquired a new position in shares of Axis Capital during the 4th quarter worth about $30,000. Assetmark Inc. boosted its stake in shares of 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 buying an additional 177 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Axis Capital during the 1st quarter worth about $43,000. Abich Financial Wealth Management LLC acquired a new position in shares of Axis Capital during the 3rd quarter worth about $43,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Axis Capital in the 4th quarter valued at about $47,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Axis Capital

In other news, Director Henry B. Smith sold 2,542 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $98.69, for a total transaction of $250,869.98. Following the completion of the transaction, 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 the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Axis Capital Dividend Announcement

The firm 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 dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis 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%.

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.