Axis Capital Holdings Restricted (NYSE:AXS – GET RATINGS) introduced a quarterly dividend on Thursday, Sept. 22, as reported by the Wall Road Journal. A dividend of 0.43 per share might be paid on Tuesday, October 18 by the insurance coverage supplier to report shareholders on Monday, October 3. This represents a $1.72 annual dividend and a yield of three.32%. The ex-dividend date of this dividend is Friday, September 30.
Axis Capital has elevated its dividend payout by a median of two.5% yearly over the previous three years and has elevated its dividend yearly for the previous 18 years. AXIS Capital has a payout ratio of 23.8%, which implies that its dividend is considerably coated by earnings. Fairness analysts count on Axis Capital to earn $7.03 per share subsequent 12 months, which implies the corporate ought to be capable of cowl its $1.72 annual dividend with an anticipated future payout ratio of 24.5%.
Axis Capital buying and selling down 0.7%
Shares of Axis Capital inventory traded decrease by $0.38 at $51.83 throughout buying and selling hours on Thursday. The inventory had a buying and selling quantity of 647,975 shares as in opposition to the common quantity of 517,287. The agency’s 50-day easy transferring common is $52.98 and the two-hundred-day easy transferring common is $55.28. The corporate has a present ratio of 0.57, a fast ratio of 0.57 and a debt-to-equity ratio of 0.36. Axis Capital has a 1-year low of $44.49 and a 1-year excessive of $61.39. The agency has a market capitalization of $4.39 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.66 and a beta of 0.72.
AXIS Capital (NYSE: AXS – Get Ranking) final launched its earnings outcomes on Tuesday, July 26. The insurance coverage supplier reported $1.74 EPS for the quarter, effectively above analysts’ consensus estimates of $1.53 by $0.21. Axis Capital had a return on fairness of 11.81% and a web margin of 8.55%. Throughout the identical quarter final 12 months, the agency posted $2.00 EPS. As a bunch, fairness analysis analysts count on Axis Capital to generate earnings per share of 6.4 p.c for the present 12 months.
Wall Road Analyst Weigh In
AXS has been the topic of a number of latest analysis reviews. Jefferies Monetary Group in a analysis observe on Tuesday, July 12 lowered its worth goal on Axis Capital from $70.00 to $66.00 and set a “purchase” score for the corporate. The Road downgraded Axis Capital from a “B” score to a “C+” score in a analysis observe dated Tuesday, July 26. StockNews.com upgraded the shares of Axis Capital from a “maintain” score to a “purchase” score in a report on Sunday, August 14. Lastly, Morgan Stanley lowered its worth goal on shares of Axis Capital from $63.00 to $61.00 and set an “equal weight” score on the inventory in a analysis report dated Friday, August nineteenth. Two funding analysts have given maintain score to the inventory and two have given purchase score to the corporate. Based on MarketBeat, the corporate at the moment has a consensus score of “reasonable purchase” and a consensus goal worth of $61.33.
AXIS Capital’s Institutional Buying and selling
Many institutional buyers and hedge funds have not too long ago elevated or decreased their stake in AXS. Vanguard Group Inc. elevated its stake in Axis Capital shares by 3.8% within the first quarter. After buying an extra 288,068 shares throughout the interval, Vanguard Group Inc. now owns 7,948,453 shares of the insurance coverage supplier’s inventory valued at $480,644,000. Charles Schwab Funding Administration Inc. elevated its place in Axis Capital by 41.5% throughout the first quarter. After buying an extra 260,639 shares within the earlier quarter, Charles Schwab Funding Administration Inc. The U.S. now holds 888,853 shares of the insurance coverage supplier, valued at $53,749,000. Renaissance Applied sciences LLC elevated its stake in Axis Capital shares to 38.5% within the first quarter. After buying an extra 155,000 shares throughout the earlier quarter, Renaissance Applied sciences LLC now owns 557,496 shares of the insurance coverage supplier’s inventory, valued at $33,712,000. State Road Corp elevated its stake in Axis Capital shares by 10.5% throughout the second quarter. After buying an extra 148,749 shares final quarter, State Road Corp now owns 1,571,838 shares of the insurance coverage supplier’s inventory, valued at $90,408,000. Lastly, Allianz Asset Administration GmbH elevated its stake in Axis Capital to 52.4% throughout the first quarter. After buying an extra 103,905 shares throughout the earlier quarter, Allianz Asset Administration GmbH now holds 302,316 shares for $18,282,000 within the insurance coverage supplier’s inventory. Institutional buyers maintain 91.70% of the inventory.
Axis Capital Firm Profile
Axis Capital Holdings Restricted, by way of its subsidiaries, gives a wide range of specialised insurance coverage and reinsurance merchandise worldwide. It operates by way of two segments, insurance coverage and reinsurance. The Insurance coverage section gives property insurance coverage merchandise for industrial buildings, residential complexes, building initiatives and onshore power installations; Marine insurance coverage merchandise masking offshore power, cargo, legal responsibility, leisure marine, superb arts, species and hull warfare; and terrorism, aviation, credit score and political threat, and legal responsibility insurance coverage merchandise.
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