| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
AXS Stock Overview
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide.
Rewards
Risk Analysis
No risks detected for AXS from our risk checks.
AXIS Capital Holdings Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$55.78 |
| 52 Week High | US$58.61 |
| 52 Week Low | US$44.26 |
| Beta | 0.99 |
| 1 Month Change | 7.10% |
| 3 Month Change | 5.99% |
| 1 Year Change | 14.21% |
| 3 Year Change | 1.66% |
| 5 Year Change | -13.57% |
| Change since IPO | 118.32% |
Recent News & Updates
AXIS Capital: Earnings Trends Point To More Share-Price Gains
Axis remains profitable in Q3 despite sizable cat losses. We look at the strength of the company's 3%+ dividend yield. Stay the course here. Company looks to be well run.
AXIS Cedes More Risk To Third-Party Investors, Earns More Fees In Q3 2021
The Q3 2021 fee income included $6.8 million in other insurance related income, with $13.4 million for the nine-months. It also included $11.5 million as an offset to general and administrative expenses for Q3 and $32.6 million for the nine-months. These added revenue streams are meaningful and in a quarter where AXIS has taken losses from the European floods and hurricane Ida they help to improve its performance and return to shareholders.
AXIS Capital: Expecting $60 A Share Shortly
The company is just off the back of encouraging Q2 numbers. Dividend of well over 3% looks rock solid. The technicals (being backed up by financial trends) are pointing to the bottom here.
Shareholder Returns
| AXS | US Insurance | US Market | |
|---|---|---|---|
| 7D | -2.1% | -4.0% | -6.1% |
| 1Y | 14.2% | 19.4% | 4.2% |
Return vs Industry: AXS underperformed the US Insurance industry which returned 19.4% over the past year.
Return vs Market: AXS exceeded the US Market which returned 4.2% over the past year.
Price Volatility
| AXS volatility | |
|---|---|
| AXS Average Weekly Movement | 3.4% |
| Insurance Industry Average Movement | 4.3% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: AXS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AXS's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 1,921 | Albert Benchimol | https://www.axiscapital.com |
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.
AXIS Capital Holdings Fundamentals Summary
| AXS fundamental statistics | |
|---|---|
| Market Cap | US$4.73b |
| Earnings (TTM) | US$386.21m |
| Revenue (TTM) | US$5.21b |
12.2x
P/E Ratio0.9x
P/S RatioIs AXS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AXS income statement (TTM) | |
|---|---|
| Revenue | US$5.21b |
| Cost of Revenue | US$4.02b |
| Gross Profit | US$1.19b |
| Expenses | US$804.23m |
| Earnings | US$386.21m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 26, 2022
| Earnings per share (EPS) | 4.56 |
| Gross Margin | 22.87% |
| Net Profit Margin | 7.42% |
| Debt/Equity Ratio | 24.6% |
How did AXS perform over the long term?
See historical performance and comparisonDividends
3.1%
Current Dividend Yield37%
Payout RatioValuation
Is AXIS Capital Holdings undervalued compared to its fair value and its price relative to the market?
46.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AXS ($55.78) is trading below our estimate of fair value ($104.92)
Significantly Below Fair Value: AXS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AXS is poor value based on its PE Ratio (12.2x) compared to the US Insurance industry average (10.9x).
PE vs Market: AXS is good value based on its PE Ratio (12.2x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: AXS is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: AXS is good value based on its PB Ratio (1x) compared to the US Insurance industry average (1.1x).
Future Growth
How is AXIS Capital Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
6.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AXS's forecast earnings growth (6.7% per year) is above the savings rate (2%).
Earnings vs Market: AXS's earnings (6.7% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: AXS's earnings are forecast to grow, but not significantly.
Revenue vs Market: AXS's revenue (5.9% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: AXS's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AXS's Return on Equity is forecast to be low in 3 years time (10.2%).
Past Performance
How has AXIS Capital Holdings performed over the past 5 years?
-6.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AXS has high quality earnings.
Growing Profit Margin: AXS became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AXS's earnings have declined by 6.7% per year over the past 5 years.
Accelerating Growth: AXS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AXS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (38.1%).
Return on Equity
High ROE: AXS's Return on Equity (7.8%) is considered low.
Financial Health
How is AXIS Capital Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: AXS's short term assets ($11.6B) do not cover its short term liabilities ($19.4B).
Long Term Liabilities: AXS's short term assets ($11.6B) exceed its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: AXS's net debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: AXS's debt to equity ratio has increased from 16.5% to 24.6% over the past 5 years.
Debt Coverage: AXS's debt is well covered by operating cash flow (76.7%).
Interest Coverage: AXS's interest payments on its debt are well covered by EBIT (8.9x coverage).
Balance Sheet
Dividend
What is AXIS Capital Holdings's current dividend yield, its reliability and sustainability?
3.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AXS's dividend (3.08%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: AXS's dividend (3.08%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: AXS's dividends per share have been stable in the past 10 years.
Growing Dividend: AXS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.8%), AXS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AXS's dividends in 3 years are forecast to be well covered by earnings (28.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Albert Benchimol (63 yo)
9.67yrs
Tenure
US$7,265,614
Compensation
Mr. Albert A. Benchimol has been the Chief Executive Officer and President of Axis Capital Holdings Limited since May 3, 2012. Mr. Benchimol served as Elected Council Member at Lloyd's of London since 2020...
CEO Compensation Analysis
Compensation vs Market: Albert's total compensation ($USD7.27M) is above average for companies of similar size in the US market ($USD5.29M).
Compensation vs Earnings: Albert's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: AXS's management team is seasoned and experienced (5 years average tenure).
Board Members
Experienced Board: AXS's board of directors are considered experienced (3.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
AXIS Capital Holdings Limited's employee growth, exchange listings and data sources
Key Information
- Name: AXIS Capital Holdings Limited
- Ticker: AXS
- Exchange: NYSE
- Founded: 2001
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: US$4.729b
- Shares outstanding: 84.77m
- Website: https://www.axiscapital.com
Number of Employees
Location
- AXIS Capital Holdings Limited
- AXIS House
- 92 Pitts Bay Road
- Pembroke
- HM 08
- Bermuda
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/23 23:03 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.