DOWLING & PARTN Boosts Earnings Estimates for Axis Capital

Key Points

• DOWLING & PARTN raised its FY2026 EPS forecast for Axis Capital to $12.45 from $12.30, slightly above the $12.44 consensus estimate.
• Axis Capital’s latest quarter beat expectations, reporting EPS of $3.12 versus $2.85 forecast and revenue of $1.79 billion versus $1.69 billion expected.
• Analyst sentiment remains positive overall: nine analysts rate the stock Buy and five Hold, resulting in a “Moderate Buy” consensus and a $120 average price target.

Axis Capital Holdings Limited (NYSE:AXS - Free Report) - Analysts at DOWLING & PARTN upped their FY2026 earnings per share estimates for shares of Axis Capital in a research report issued on Wednesday, November 4th. DOWLING & PARTN analyst N. Iacoviello now forecasts that the insurance provider will earn $12.45 per share for the year, up from their prior forecast of $12.30. The consensus estimate for Axis Capital's current full-year earnings is $12.44 per share.

A number of other research firms have also recently issued reports on AXS. Weiss Ratings cut Axis Capital from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Wednesday, October 28th. Roth Capital set a $115.00 price target on Axis Capital in a report on Thursday, October 29th. Capital One Financial set a $108.00 price target on Axis Capital in a research report on Wednesday, July 29th. Atlantic Securities set a $122.00 price objective on Axis Capital in a report on Wednesday, July 15th. Finally, Mizuho set a $123.00 price objective on Axis Capital in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.00.

Axis Capital Trading Up 0.1%

NYSE AXS opened at $107.87 on Friday. The stock has a 50-day simple moving average of $99.34 and a 200 day simple moving average of $102.13. The company has a market capitalization of $7.74 billion, a PE ratio of 8.24, a P/E/G ratio of 3.58 and a beta of 0.39. 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 has a 12 month low of $93.02 and a 12 month high of $119.99.

Axis Capital (NYSE:AXS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.27. Axis Capital had a return on equity of 16.61% and a net margin of 14.62%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the firm posted $3.25 earnings per share.

Hedge Funds Weigh In On Axis Capital

A number of hedge funds have recently bought and sold shares of AXS. Assetmark Inc. boosted its stake in Axis Capital by 80.8% in the first 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 last quarter. MCF Advisors LLC purchased a new stake in shares of Axis Capital during the 2nd quarter worth approximately $44,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Axis Capital during the 1st quarter worth approximately $43,000. Root Financial Partners LLC bought a new stake in shares of Axis Capital in the 3rd quarter worth approximately $49,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Axis Capital in the 1st quarter worth approximately $68,000. 93.44% of the stock is owned by institutional investors.

Insider Activity at Axis Capital

In other Axis Capital news, Director Henry Smith sold 4,893 shares of the company's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $106.15, for a total value of $519,391.95. Following the transaction, the director directly owned 41,454 shares in the company, valued at $4,400,342.10. The trade was a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.60% of the company's stock.

Axis Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Axis Capital's dividend payout ratio (DPR) is presently 13.45%.

Axis Capital Company Profile

Axis Capital Holdings Limited NYSE: AXS is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides coverage and risk-management solutions for businesses, institutions and other insurers facing complex or difficult-to-place risks.

AXIS offers a range of commercial property and casualty insurance products, including professional liability, cyber, marine, aviation, energy, environmental, political risk, credit and surety, and accident and health coverage.

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