Mizuho Cuts Axis Capital (NYSE:AXS) Price Target to $130.00

Axis Capital (NYSE:AXS) had its target price reduced by Mizuho from $142.00 to $130.00 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. They currently have an outperform rating on the insurance provider’s stock.

A number of other equities research analysts have also recently commented on AXS. Atlantic Securities set a $122.00 target price on Axis Capital in a research report on Wednesday, July 15th. Capital One Financial set a $108.00 price target on Axis Capital in a report on Wednesday, July 29th. Keefe, Bruyette & Woods increased their price target on Axis Capital from $126.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. BMO Capital Markets reissued a “market perform” rating on shares of Axis Capital in a report on Wednesday, July 29th. Finally, UBS Group boosted their price objective on Axis Capital from $129.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.50.

Axis Capital Stock Performance

Shares of NYSE AXS opened at $104.09 on Monday. The company’s fifty day moving average price is $106.61 and its 200 day moving average price is $103.31. Axis Capital has a 1 year low of $88.07 and a 1 year high of $119.99. The company has a market capitalization of $7.60 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 4.39 and a beta of 0.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.64 and a current ratio of 0.64.

Axis Capital (NYSE:AXS) last released its quarterly earnings results on Monday, July 27th. The insurance provider reported $2.84 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.41). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 EPS. On average, research analysts predict that Axis Capital will post 12.79 earnings per share for the current year.

Axis Capital Announces Dividend

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

Institutional Investors Weigh In On Axis Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in Axis Capital by 12.4% in the 1st quarter. Royal Bank of Canada now owns 63,457 shares of the insurance provider’s stock valued at $6,361,000 after buying an additional 7,023 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Axis Capital by 6.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 205,553 shares of the insurance provider’s stock worth $20,605,000 after acquiring an additional 12,680 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Axis Capital by 86.2% during the 1st quarter. Jane Street Group LLC now owns 47,277 shares of the insurance provider’s stock worth $4,739,000 after acquiring an additional 21,892 shares during the period. Focus Partners Wealth raised its holdings in shares of Axis Capital by 42.1% during the 1st quarter. Focus Partners Wealth now owns 10,417 shares of the insurance provider’s stock worth $1,044,000 after acquiring an additional 3,085 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in shares of Axis Capital by 33.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,924 shares of the insurance provider’s stock valued at $407,000 after acquiring an additional 987 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Key Axis Capital News

Here are the key news stories impacting Axis Capital this week:

• Positive Sentiment: AXIS agreed to acquire renewal rights to DUAL North America’s excess liability business. The transaction could strengthen the company’s casualty franchise, broaden distribution, and support future premium and underwriting growth. AXIS Agrees to Acquire Renewal Rights to DUAL North America’s Excess Liability Business
• Positive Sentiment: Keefe, Bruyette & Woods maintained an “outperform” rating and reduced its price target from $131 to $125. Although the target was lowered, it still indicates substantial potential upside based on the cited reference price, signaling continued confidence in AXIS’ valuation and outlook. Keefe, Bruyette & Woods Axis Capital price target update
• Neutral Sentiment: Dowling & Partners raised its FY2028 EPS estimate to $14.30, above the broader consensus, but its FY2026 and FY2027 forecasts were reduced to $12.30 and $13.40, respectively. The revisions suggest a mixed near-term earnings outlook despite stronger longer-term expectations.
• Neutral Sentiment: The announcement naming AXS as the exclusive ticketing partner for the Wrangler National Finals Rodeo appears to concern the separate AXS ticketing platform, not Axis Capital Holdings Limited (NYSE: AXS), and therefore is unlikely to affect the insurer’s stock.
• Negative Sentiment: Mizuho lowered its expectations for Axis Capital’s stock price, adding to recent caution among analysts. The specific revised target was not provided in the available report. Mizuho Has Lowered Expectations for Axis Capital Stock Price

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.