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

Axis Capital Holdings Limited (NYSE:AXS) declared a quarterly dividend on Wednesday, September 16th. Investors 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 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. 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 Price Performance

Shares of Axis Capital stock opened at $99.64 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $104.71 and its two-hundred day moving average price is $102.63. Axis Capital has a 52 week low of $88.07 and a 52 week high of $119.99. The stock has a market cap of $7.27 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 4.39 and a beta of 0.49.

Axis Capital (NYSE:AXS) last issued its earnings results on Wednesday, July 29th. The insurance provider reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.41). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Axis Capital had a return on equity of 17.00% and a net margin of 16.23%.The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.29 earnings per share. As a group, sell-side analysts anticipate that Axis Capital will post 12.38 EPS 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.