Axis Capital Holdings Limited (NYSE:AXS) declared a quarterly dividend on Thursday, February 22nd, Zacks reports. Stockholders of record on Thursday, March 29th will be given a dividend of 0.39 per share by the insurance provider on Monday, April 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 28th.

Axis Capital has increased its dividend by an average of 12.1% per year over the last three years and has raised its dividend every year for the last 11 years. Axis Capital has a payout ratio of -68.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Axis Capital to earn $4.80 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 32.5%.

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Axis Capital (AXS) traded up $0.11 on Friday, hitting $56.81. 241,811 shares of the stock were exchanged, compared to its average volume of 1,022,485. The stock has a market cap of $4,802.30, a price-to-earnings ratio of -11.34, a P/E/G ratio of 1.57 and a beta of 0.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.49 and a quick ratio of 0.49. Axis Capital has a 12-month low of $47.43 and a 12-month high of $68.51.

Axis Capital (NYSE:AXS) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $729.42 million for the quarter, compared to analysts’ expectations of $549.41 million. Axis Capital had a negative net margin of 8.04% and a negative return on equity of 4.48%. The firm’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 earnings per share. research analysts forecast that Axis Capital will post 4.32 earnings per share for the current year.

A number of research analysts have recently commented on the stock. ValuEngine upgraded shares of Axis Capital from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Wells Fargo restated a “hold” rating and set a $52.00 price target on shares of Axis Capital in a research report on Wednesday, February 7th. Zacks Investment Research lowered shares of Axis Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Deutsche Bank reduced their price target on shares of Axis Capital from $55.00 to $54.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Finally, UBS upgraded shares of Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 price target for the company in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $60.22.

In related news, Director Charles A. Davis bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of $49.90 per share, for a total transaction of $1,247,500.00. Following the completion of the transaction, the director now owns 34,063 shares of the company’s stock, valued at $1,699,743.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.89% of the stock is currently owned by insiders.

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Axis Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.

Dividend History for Axis Capital (NYSE:AXS)

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