AXIS Capital Holdings Limited (NYSE:AXS) to Post Q1 2022 Earnings of $1.18 Per Share, Jefferies Financial Group Forecasts

AXIS Capital Holdings Limited (NYSE:AXSGet Rating) – Equities researchers at Jefferies Financial Group cut their Q1 2022 earnings per share (EPS) estimates for AXIS Capital in a report issued on Monday, April 11th. Jefferies Financial Group analyst Y. Kinar now forecasts that the insurance provider will post earnings of $1.18 per share for the quarter, down from their prior forecast of $1.84. Jefferies Financial Group also issued estimates for AXIS Capital’s Q3 2022 earnings at $0.77 EPS and Q4 2022 earnings at $1.46 EPS.

AXS has been the topic of a number of other research reports. Wells Fargo & Company upgraded AXIS Capital from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $54.00 to $57.00 in a report on Tuesday, January 4th. StockNews.com assumed coverage on AXIS Capital in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research upgraded AXIS Capital from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research note on Monday, January 17th. Finally, Morgan Stanley raised their price target on AXIS Capital from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 14th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $60.80.

AXS opened at $56.63 on Wednesday. AXIS Capital has a one year low of $44.49 and a one year high of $61.39. The company has a market cap of $4.80 billion, a P/E ratio of 8.21, a PEG ratio of 1.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. The business’s 50-day simple moving average is $56.07 and its 200-day simple moving average is $53.76.

AXIS Capital (NYSE:AXSGet Rating) last posted its quarterly earnings results on Wednesday, January 26th. The insurance provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.78. AXIS Capital had a return on equity of 9.77% and a net margin of 11.62%. The company had revenue of $947.41 million for the quarter, compared to analyst estimates of $922.43 million. During the same quarter last year, the company earned ($0.20) EPS. AXIS Capital’s revenue for the quarter was up 20.6% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 18th. Shareholders of record on Thursday, March 31st will be paid a $0.43 dividend. This is an increase from AXIS Capital’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Wednesday, March 30th. AXIS Capital’s dividend payout ratio (DPR) is 24.93%.

Several hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC grew its stake in shares of AXIS Capital by 2.1% in the 3rd quarter. Pzena Investment Management LLC now owns 7,102,578 shares of the insurance provider’s stock valued at $327,003,000 after purchasing an additional 144,543 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of AXIS Capital by 1.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,866,970 shares of the insurance provider’s stock valued at $156,164,000 after purchasing an additional 43,469 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AXIS Capital by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,765,196 shares of the insurance provider’s stock valued at $150,619,000 after purchasing an additional 38,390 shares during the last quarter. American Century Companies Inc. grew its stake in shares of AXIS Capital by 4.4% in the 4th quarter. American Century Companies Inc. now owns 2,459,017 shares of the insurance provider’s stock valued at $133,943,000 after purchasing an additional 103,992 shares during the last quarter. Finally, Paradice Investment Management LLC grew its stake in shares of AXIS Capital by 4.6% in the 3rd quarter. Paradice Investment Management LLC now owns 1,747,336 shares of the insurance provider’s stock valued at $80,447,000 after purchasing an additional 76,510 shares during the last quarter. Institutional investors own 90.75% of the company’s stock.

About AXIS Capital (Get Rating)

AXIS Capital Holdings Ltd. engages in the provision of various insurance and reinsurance products and services. It operates through the Insurance and Reinsurance segments. The Insurance segment offers property, marine, terrorism, aviation, political risk, professional lines, liability, and accident, and health insurance products.

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