DOWLING & PARTN Predicts Axis Capital FY2028 Earnings

Axis Capital Holdings Limited (NYSE:AXS) – Equities research analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for shares of Axis Capital in a research note issued on Friday, July 31st. DOWLING & PARTN analyst N. Iacoviello anticipates that the insurance provider will earn $14.30 per share for the year. The consensus estimate for Axis Capital’s current full-year earnings is $12.79 per share.

Other equities analysts also recently issued reports about the company. Mizuho reduced their price target on Axis Capital from $142.00 to $130.00 and set an “outperform” rating for the company in a report on Monday. Capital One Financial set a $108.00 price target on shares of Axis Capital in a research note on Wednesday, July 29th. Bank of America cut their price objective on shares of Axis Capital from $115.00 to $106.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Wells Fargo & Company reduced their price objective on shares of Axis Capital from $134.00 to $126.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Axis Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.50.

Axis Capital Trading Down 1.9%

Axis Capital stock opened at $103.90 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $106.44 and its two-hundred day simple moving average is $103.28. Axis Capital has a 12 month low of $88.07 and a 12 month high of $119.99. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 4.48 and a beta of 0.50.

Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Monday, July 27th. The insurance provider reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Axis Capital had a net margin of 16.23% and a return on equity of 17.00%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $3.29 EPS.

Axis Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.44 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.7%. Axis Capital’s payout ratio is currently 12.50%.

Insider Buying and Selling at Axis Capital

In other news, Director Henry B. Smith sold 2,542 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $98.69, for a total value of $250,869.98. Following the completion of the transaction, the director owned 46,347 shares in the company, valued at $4,573,985.43. The trade was a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Axis Capital

Several large investors have recently bought and sold shares of AXS. AQR Capital Management LLC lifted its stake in Axis Capital by 30.9% during the 4th quarter. AQR Capital Management LLC now owns 4,592,270 shares of the insurance provider’s stock valued at $491,786,000 after acquiring an additional 1,083,579 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Axis Capital by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,682,238 shares of the insurance provider’s stock worth $373,412,000 after acquiring an additional 299,573 shares during the period. Janus Henderson Group PLC grew its stake in shares of Axis Capital by 1.2% in the first quarter. Janus Henderson Group PLC now owns 1,710,902 shares of the insurance provider’s stock worth $173,504,000 after acquiring an additional 21,001 shares during the period. State Street Corp raised its holdings in shares of Axis Capital by 1.0% during the second quarter. State Street Corp now owns 1,631,198 shares of the insurance provider’s stock valued at $170,069,000 after purchasing an additional 15,755 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Axis Capital by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,387,004 shares of the insurance provider’s stock valued at $148,565,000 after purchasing an additional 10,246 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

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.