AXIS Capital (AXS) to Release Quarterly Earnings on Wednesday

AXIS Capital (NYSE:AXSGet Rating) will post its quarterly earnings results after the market closes on Wednesday, April 27th. Analysts expect AXIS Capital to post earnings of $1.90 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

AXIS Capital (NYSE:AXSGet Rating) last announced its quarterly earnings data 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. The company had revenue of $947.41 million for the quarter, compared to the consensus estimate of $922.43 million. AXIS Capital had a return on equity of 9.77% and a net margin of 11.62%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) EPS. On average, analysts expect AXIS Capital to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NYSE:AXS opened at $56.40 on Wednesday. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 2.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. The business’s 50-day moving average is $56.06 and its 200-day moving average is $54.15. AXIS Capital has a 1 year low of $44.49 and a 1 year high of $61.39.

The company also recently declared a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Thursday, March 31st were paid a dividend of $0.43 per share. This is an increase from AXIS Capital’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Wednesday, March 30th. AXIS Capital’s dividend payout ratio is 24.93%.

A number of research analysts recently weighed in on AXS shares. Zacks Investment Research raised 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. Wells Fargo & Company raised AXIS Capital from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $54.00 to $57.00 in a report on Tuesday, January 4th. Morgan Stanley boosted their price objective on AXIS Capital from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, January 14th. Finally, StockNews.com lowered AXIS Capital from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.80.

Hedge funds have recently bought and sold shares of the business. Autumn Glory Partners LLC purchased a new position in shares of AXIS Capital during the 4th quarter worth approximately $430,000. D. E. Shaw & Co. Inc. grew its stake in shares of AXIS Capital by 131.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 13,047 shares of the insurance provider’s stock worth $711,000 after buying an additional 7,421 shares during the last quarter. MML Investors Services LLC grew its stake in shares of AXIS Capital by 5.0% in the 4th quarter. MML Investors Services LLC now owns 16,803 shares of the insurance provider’s stock worth $915,000 after buying an additional 797 shares during the last quarter. LPL Financial LLC grew its stake in shares of AXIS Capital by 6.8% in the 3rd quarter. LPL Financial LLC now owns 20,599 shares of the insurance provider’s stock worth $948,000 after buying an additional 1,310 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in AXIS Capital by 9.9% in the 4th quarter. Stifel Financial Corp now owns 51,850 shares of the insurance provider’s stock valued at $2,824,000 after acquiring an additional 4,692 shares in the last quarter. Hedge funds and other institutional investors own 90.75% of the company’s stock.

AXIS Capital Company Profile (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.

See Also

Earnings History for AXIS Capital (NYSE:AXS)

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