AXIS CAPITAL HOLDINGS LIMITED
At today's price, AXIS CAPITAL HOLDINGS LIMITED (AXS) is priced for 11.1% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
At $101.05 Axis Capital trades well below most of its valuation methods, with the bank-style P/TBV mark near $181, the relative-multiple mark near $173, and the asset frames between $154 and $204. This is a value and asset-supported name: book, earnings power, and peer multiples all sit above the price. The underwriting turnaround is the story. The Q1 2026 combined ratio of 89.8%, with insurance at 86.3%, marks a multi-year improvement from 99.9% in 2023, and a sub-90% combined ratio means the
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451 institutional managers reported holding AXS in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 40%. 40 opened new positions that quarter. Held by Vanguard Group, AQR Capital, Dimensional Fund Advisors, among others. On the short side, 2.0M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AXS has cut its share count 12.6% over the past five years, spending $1.18B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $1.76 a share annually. Cash returned over the past three years: $405.39M in dividends and $1.15B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AXS over the trailing three years: 2024: 4 buys totaling $854k. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AXS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | +2.2% | -0.8% |
| 2023-11-03 | -5.4% | +3.4% |
| 2024-02-28 | +0.6% | -1.1% |
| 2024-05-02 | +6.3% | +6.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AXS's latest 8-K filings: 2026-06-15 (items 5.02, 7.01, 9.01); 2026-05-18 (items 5.07); 2026-04-29 (items 2.02, 9.01); 2026-03-26 (items 5.02); 2026-03-24 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.