About Axis Capital Holdings Limited (NYSE:AXS)
AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re. Its segments include Insurance and Reinsurance. The insurance segment operates through offices in Bermuda, the United States, Canada, Europe, Singapore and the Middle East. Its reinsurance segment operates through offices in Bermuda, the United States, Switzerland, Singapore, Brazil and Canada. The business lines in its insurance segment include property, marine, terrorism, aviation, credit and political risk, professional lines, liability, and accident and health. The business lines in its Reinsurance segment include catastrophe; property; professional lines; credit and surety; motor; liability; agriculture; engineering, and marine and other.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Reinsurance
- Sub-Industry: Property & Casualty Insurance
- Symbol: NYSE:AXS
- CUSIP: G0692U10
- Web: www.axiscapital.com
- Market Cap: $4.74 billion
- Outstanding Shares: 83,154,000
- 50 Day Moving Avg: $56.98
- 200 Day Moving Avg: $62.73
- 52 Week Range: $52.15 - $71.06
Sales & Book Value:
- Trailing P/E Ratio: 12.59
- Foreward P/E Ratio: 12.27
- P/E Growth: -6.99
- Annual Revenue: $4.16 billion
- Price / Sales: 1.14
- Book Value: $61.51 per share
- Price / Book: 0.93
- Annual Dividend: $1.52
- Dividend Yield: 2.6%
- EBITDA: $510.55 million
- Net Margins: 10.81%
- Return on Equity: 9.17%
- Return on Assets: 2.25%
- Debt-to-Equity Ratio: 0.19%
- Current Ratio: 0.49%
- Quick Ratio: 0.49%
- Average Volume: 625,883 shs.
- Beta: 0.59
- Short Ratio: 2.67
Frequently Asked Questions for Axis Capital Holdings Limited (NYSE:AXS)
What is Axis Capital Holdings Limited's stock symbol?
Axis Capital Holdings Limited trades on the New York Stock Exchange (NYSE) under the ticker symbol "AXS."
How often does Axis Capital Holdings Limited pay dividends? What is the dividend yield for Axis Capital Holdings Limited?
Axis Capital Holdings Limited declared a quarterly dividend on Wednesday, September 27th. Shareholders of record on Monday, October 9th will be given a dividend of $0.38 per share on Monday, October 16th. This represents a $1.52 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, October 5th. This is a boost from Axis Capital Holdings Limited's previous quarterly dividend of $0.29. View Axis Capital Holdings Limited's Dividend History.
How were Axis Capital Holdings Limited's earnings last quarter?
Axis Capital Holdings Limited (NYSE:AXS) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.19 by $0.12. The company earned $956.02 million during the quarter, compared to analyst estimates of $989.95 million. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The company's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 EPS. View Axis Capital Holdings Limited's Earnings History.
When will Axis Capital Holdings Limited make its next earnings announcement?
Where is Axis Capital Holdings Limited's stock going? Where will Axis Capital Holdings Limited's stock price be in 2017?
11 analysts have issued 12-month price targets for Axis Capital Holdings Limited's shares. Their forecasts range from $55.00 to $70.00. On average, they expect Axis Capital Holdings Limited's stock price to reach $64.00 in the next twelve months. View Analyst Ratings for Axis Capital Holdings Limited.
What are analysts saying about Axis Capital Holdings Limited stock?
Here are some recent quotes from research analysts about Axis Capital Holdings Limited stock:
- 1. According to Zacks Investment Research, "Stiff competition in the reinsurance industry, slowing growth and lowering profitability along with escalating expenses eating into margins remain concerns for AXIS Capital. Also, shares of AXIS Capital have underperformed the industry in a year’s time. However, Axis Capital continues to build on its Specialty Insurance, Reinsurance, Accident and Health to pave way for long-term growth. It remains focused on deploying resources prudently, enhancing efficiencies and better serving clients and brokers across the globe. It has also been improving its portfolio mix and underwriting profitability apart from strengthening the casualty and professional lines in the insurance segment. Its inorganic growth story remains impressive with strategic buyouts. In its recent endeavor, the company even raised the offer price to buy Novae Group as the same will place AXIS Capital as one of the top ten insurers at Lloyds. " (9/26/2017)
- 2. Wells Fargo & Company analysts commented, "FFO/sh. Beat. 2Q FFO/sh. was $1.48 vs. Cantor/consensus (FactSet) $1.43/ $1.44. The variance to the estimates includes lower NOI offset by lower G&A and interest expense." (7/27/2017)
Are investors shorting Axis Capital Holdings Limited?
Axis Capital Holdings Limited saw a increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,494,676 shares, an increase of 44.4% from the August 31st total of 1,035,157 shares. Based on an average daily volume of 1,052,187 shares, the short-interest ratio is presently 1.4 days. Currently, 1.8% of the company's stock are short sold.
Who are some of Axis Capital Holdings Limited's key competitors?
Some companies that are related to Axis Capital Holdings Limited include Zions Bancorporation (ZION), Reinsurance Group of America, Incorporated (RGA), American Financial Group (AFG), East West Bancorp (EWBC), Alleghany Corporation (Y), W.R. Berkley Corporation (WRB), American Capital Agency Corp. (AGNC), British Land Company PLC Sponsored ADR (BTLCY), Bankinter SA (BKNIY), Macro Bank (BMA), Scor SE (SCRYY), Camden Property Trust (CPT), Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), VEREIT (VER), Gaming and Leisure Properties (GLPI), Equity Lifestyle Properties (ELS) and Zillow Group (Z).
Who are Axis Capital Holdings Limited's key executives?
Axis Capital Holdings Limited's management team includes the folowing people:
- Michael A. Butt, Chairman of the Board of Directors
- Albert A. Benchimol, President, Chief Executive Officer, Director
- Joseph C. Henry, Chief Financial Officer
- Christopher N. DiSipio, Chief Executive Officer of AXIS Accident & Health
- Jan Ekberg, Interim Chief Executive Officer - AXIS Reinsurance
- Peter W. Wilson, Chief Executive Officer of AXIS Insurance
- Peter Vogt, Chief Financial Officer
- Jane Boisseau, Independent Director
- Charles A. Davis, Independent Director
- Robert L. Friedman, Independent Director
Who owns Axis Capital Holdings Limited stock?
Axis Capital Holdings Limited's stock is owned by many different of retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (1.84%), APG Asset Management N.V. (1.17%), PGGM Investments (0.40%), Shell Asset Management Co. (0.23%) and Assenagon Asset Management S.A. (0.08%). Company insiders that own Axis Capital Holdings Limited stock include Michael A Butt, Richard T Gieryn Jr and Wilhelm Zeller. View Institutional Ownership Trends for Axis Capital Holdings Limited.
Who sold Axis Capital Holdings Limited stock? Who is selling Axis Capital Holdings Limited stock?
Who bought Axis Capital Holdings Limited stock? Who is buying Axis Capital Holdings Limited stock?
How do I buy Axis Capital Holdings Limited stock?
Shares of Axis Capital Holdings Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Axis Capital Holdings Limited's stock price today?
MarketBeat Community Rating for Axis Capital Holdings Limited (NYSE AXS)MarketBeat's community ratings are surveys of what our community members think about Axis Capital Holdings Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Axis Capital Holdings Limited stock can currently be purchased for approximately $57.04.
Consensus Ratings for Axis Capital Holdings Limited (NYSE:AXS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 6 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 1.91)|
|Consensus Price Target: ||$64.00 (12.20% upside)|Consensus Price Target History for Axis Capital Holdings Limited (NYSE:AXS)
Analysts' Ratings History for Axis Capital Holdings Limited (NYSE:AXS)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||MKM Partners||Lower Price Target||Buy||$80.00 -> $70.00||N/A|
|10/13/2017||Bank of America Corporation||Lower Price Target||Buy||$73.00 -> $67.00||N/A|
|10/2/2017||Citigroup Inc.||Lower Price Target||Neutral||$59.00 -> $58.00||Low|
|9/11/2017||Buckingham Research||Initiated Coverage||Neutral -> Neutral||$58.00||Low|
|8/18/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$67.00||Low|
|7/27/2017||Wells Fargo & Company||Reiterated Rating||Sell||High|
|7/6/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$68.00 -> $70.00||Low|
|3/15/2017||Deutsche Bank AG||Reiterated Rating||Hold||$66.00 -> $64.00||Low|
|2/3/2017||BMO Capital Markets||Reiterated Rating||Market Perform||$64.00 -> $67.00||N/A|
|1/17/2017||Macquarie||Downgrade||Neutral -> Underperform||$55.00||N/A|
|11/15/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Neutral -> Sell||N/A|
|5/26/2016||Langen Mcalenn||Downgrade||Buy -> Neutral||N/A|
|5/26/2016||Janney Montgomery Scott||Downgrade||Buy -> Neutral||N/A|
|1/19/2016||JMP Securities||Downgrade||Outperform -> Market Perform||N/A|
Earnings History for Axis Capital Holdings Limited (NYSE:AXS)Earnings History by Quarter for Axis Capital Holdings Limited (NYSE AXS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||6/30/2017||$1.19||$1.31||$989.95 million||$956.02 million||View||N/A|
|4/26/2017||3/31/2017||$0.81||$0.59||$1.69 billion||$1.51 billion||View||N/A|
|2/1/2017||Q416||$0.87||$1.14||$602.70 million||$464.39 million||View||Listen|
|10/26/2016||Q316||$1.05||$1.78||$710.69 million||$595.43 million||View||N/A|
|7/26/2016||Q216||$0.32||$0.51||$983.53 million||$1.06 billion||View||N/A|
|4/26/2016||Q116||$1.08||$1.07||$1.48 billion||$1.69 billion||View||N/A|
|2/2/2016||Q415||$1.13||$1.23||$567.11 million||$595.00 million||View||N/A|
|10/27/2015||Q315||$0.65||$0.51||$686.67 million||$677.22 million||View||Listen|
|7/28/2015||Q215||$0.93||$0.93||$1.02 billion||$946.54 million||View||Listen|
|4/29/2015||Q115||$1.18||$1.35||$1.05 billion||$1.01 billion||View||N/A|
|2/3/2015||Q414||$1.20||$1.18||$1.06 billion||$1.03 billion||View||N/A|
|10/29/2014||Q314||$1.20||$1.27||$744.53 million||$687.00 million||View||N/A|
|7/29/2014||Q214||$1.23||$1.63||$1.10 billion||$1.12 billion||View||N/A|
|4/29/2014||Q114||$1.31||$1.24||$1.65 billion||$1.04 billion||View||N/A|
|2/4/2014||Q413||$1.30||$1.41||$1.05 million||$1.08 million||View||N/A|
|10/30/2013||Q313||$0.86||$1.21||$705.07 million||$1.04 billion||View||N/A|
|7/30/2013||Q2 2013||$0.54||$0.43||$855.76 million||$1.05 billion||View||N/A|
|4/25/2013||Q1 2013||$1.17||$1.92||$1.29 billion||$1.03 billion||View||N/A|
|2/4/2013||Q4 2012||($1.09)||($0.23)||$945.73 million||$975.50 million||View||N/A|
Earnings Estimates for Axis Capital Holdings Limited (NYSE:AXS)
2017 EPS Consensus Estimate: $4.41
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Axis Capital Holdings Limited (NYSE:AXS)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||11.90% (3 Year Average)|
|Payout Ratio:||33.70% (Trailing 12 Months of Earnings) |
-83.98% (Based on This Year's Estimates)
32.69% (Based on Next Year's Estimates)
|Track Record:||10 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Axis Capital Holdings Limited (NYSE AXS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Axis Capital Holdings Limited (NYSE:AXS)
Insider Ownership Percentage: 1.89%Insider Trades by Quarter for Axis Capital Holdings Limited (NYSE:AXS)
Institutional Ownership Percentage: 86.08%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|1/4/2017||Michael A Butt||Director||Sell||158,946||$65.38||$10,391,889.48|| |
|10/14/2016||Michael A Butt||Director||Sell||40,673||$57.01||$2,318,767.73|| |
|9/9/2016||Richard T Gieryn Jr||EVP||Sell||10,400||$56.15||$583,960.00|| |
|5/20/2016||Richard T Gieryn Jr||EVP||Sell||14,967||$54.37||$813,755.79|| |
|5/3/2016||Wilhelm Zeller||Director||Sell||9,700||$53.31||$517,107.00|| |
|3/4/2016||Richard T Gieryn Jr||EVP||Sell||15,697||$54.99||$863,178.03|| |
|12/10/2015||Richard T Gieryn Jr||General Counsel||Sell||17,700||$56.60||$1,001,820.00|| |
|11/20/2014||Henry B Smith||Director||Sell||8,000||$49.23||$393,840.00|| |
|11/20/2014||Richard T Gieryn Jr||General Counsel||Sell||24,500||$49.79||$1,219,855.00|| |
|6/10/2014||Richard T Gieryn Jr||EVP||Sell||10,000||$46.46||$464,600.00|| |
|11/6/2013||Dennis Reding||COO||Sell||40,000||$48.03||$1,921,200.00|| |
|9/5/2013||John Gressier||CEO||Buy||176,000||$42.47||$7,474,720.00|| |
|5/21/2013||Donald J Greene||Director||Sell||8,000||$43.56||$348,480.00|| |
|5/14/2013||Richard T Gieryn Jr||EVP||Sell||12,060||$45.53||$549,091.80|| |
|8/30/2012||John Drake Nichols||CEO||Buy||30,000||$33.60||$1,008,000.00|| |
|8/9/2012||Richard T Gieryn Jr||EVP||Sell||6,000||$34.14||$204,840.00|| |
Headline Trends for Axis Capital Holdings Limited (NYSE:AXS)
Latest Headlines for Axis Capital Holdings Limited (NYSE:AXS)
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Axis Capital Holdings Limited (AXS) Chart for Sunday, October, 22, 2017