Axis Capital Holdings Limited (NYSE:AXS) Announces Quarterly Dividend of $0.44

Axis Capital Holdings Limited (NYSE:AXS) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.44 per share by the insurance provider on Thursday, October 15th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, September 30th.

Axis Capital has increased its dividend payment by an average of 0.0%per year over the last three years. Axis Capital has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Axis Capital to earn $13.45 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 13.1%.

Axis Capital Stock Down 0.9%

Axis Capital stock opened at $99.64 on Thursday. The firm has a market capitalization of $7.27 billion, a P/E ratio of 7.08, a P/E/G ratio of 4.39 and a beta of 0.49. The stock’s fifty day simple moving average is $104.71 and its 200-day simple moving average is $102.63. Axis Capital has a twelve month low of $88.07 and a twelve month high of $119.99. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26.

Axis Capital (NYSE:AXS) last posted its quarterly earnings results on Wednesday, July 29th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). The company had revenue of $1.75 billion during 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%. Axis Capital’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.29 EPS. As a group, equities analysts expect that Axis Capital will post 12.38 earnings per share for the current fiscal year.

Axis Capital Company Profile

AXIS Capital Holdings Limited (NYSE: AXS) is a Bermuda-based specialty insurance and reinsurance company. Through its subsidiaries, the company provides coverage and risk-management solutions for businesses, institutions and other insurance companies.

Its insurance operations offer products across property, casualty, professional liability, cyber, marine, aviation, accident and health, and other specialty lines. Its reinsurance business assumes risks from primary insurers through property, casualty and specialty reinsurance arrangements.

Founded in 2001, AXIS serves clients and distribution partners in major insurance markets across North America, Bermuda, Europe, Asia-Pacific and other international regions.