Axis Capital Stock Earnings Estimates Cut by Zacks Research

Key Points

• Zacks Research lowered Axis Capital’s Q1 2027 EPS estimate to $3.16 from $3.17 and projected Q2 2027 EPS of $3.23; it maintains a “Hold” rating.
• Axis Capital’s latest quarterly results missed expectations, reporting $2.84 EPS versus the $3.25 consensus, although revenue rose 7.4% year over year to $1.75 billion.
• The stock opened at $97.31, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $119.08. Axis also declared a quarterly dividend of $0.44 per share, yielding approximately 1.8%.

Axis Capital Holdings Limited (NYSE:AXS - Free Report) - Zacks Research lowered their Q1 2027 earnings per share estimates for Axis Capital in a research report issued on Monday, October 12th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings per share of $3.16 for the quarter, down from their prior estimate of $3.17. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Axis Capital's current full-year earnings is $12.41 per share. Zacks Research also issued estimates for Axis Capital's Q2 2027 earnings at $3.23 EPS.

Axis Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The insurance provider reported $2.84 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.41). Axis Capital had a net margin of 16.23% and a return on equity of 17.00%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The company's revenue was up 7.4% compared to the same quarter last year.

AXS has been the subject of a number of other research reports. Mizuho cut their price target on Axis Capital from $118.00 to $116.00 and set an "outperform" rating for the company in a research note on Wednesday, October 7th. Capital One Financial set a $108.00 target price on shares of Axis Capital in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods decreased their price target on Axis Capital from $131.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, August 4th. Atlantic Securities set a $122.00 price target on Axis Capital in a report on Wednesday, July 15th. Finally, Weiss Ratings raised Axis Capital from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $119.08.

Axis Capital Stock Performance

NYSE AXS opened at $97.31 on Tuesday. The company has a market cap of $7.10 billion, a P/E ratio of 6.91, a PEG ratio of 4.21 and a beta of 0.45. The company has a fifty day simple moving average of $98.82 and a 200 day simple moving average of $101.88. Axis Capital has a 12-month low of $88.07 and a 12-month high of $119.99. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26.

Axis Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, September 30th. Axis Capital's dividend payout ratio (DPR) is 12.50%.

Institutional Trading of Axis Capital

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. raised its holdings in Axis Capital by 80.8% during the 1st quarter. Assetmark Inc. now owns 396 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 177 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Axis Capital in the 1st quarter valued at $43,000. MCF Advisors LLC bought a new position in Axis Capital in the 2nd quarter valued at $44,000. Global Assets Advisory LLC purchased a new position in shares of Axis Capital during the 1st quarter valued at $68,000. Finally, Root Financial Partners LLC grew its position in shares of Axis Capital by 133.1% during the 1st quarter. Root Financial Partners LLC now owns 802 shares of the insurance provider's stock valued at $81,000 after purchasing an additional 458 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Axis Capital Company Profile

AXIS Capital Holdings Limited is a global specialty insurance and reinsurance company headquartered in Bermuda. Through its insurance and reinsurance operations, the company provides coverage and risk-transfer solutions for businesses, institutions, and other insurers.

Its insurance offerings include commercial property and casualty coverage, professional liability, cyber insurance, marine and aviation insurance, accident and health products, and other specialty lines. Its reinsurance business supports primary insurers across property, casualty, specialty, and other risks, using both treaty and facultative arrangements.

Founded in 2001, AXIS serves clients and distribution partners through operations in key insurance markets, including Bermuda, the United States, Canada, the United Kingdom, Europe, and other international locations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.