Latest news with #AXISCapital
Yahoo
19-05-2025
- Business
- Yahoo
AXIS Capital Holdings' (NYSE:AXS) Dividend Will Be $0.44
AXIS Capital Holdings Limited (NYSE:AXS) will pay a dividend of $0.44 on the 17th of July. This means the dividend yield will be fairly typical at 1.7%. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Solid dividend yields are great, but they only really help us if the payment is sustainable. However, prior to this announcement, AXIS Capital Holdings' dividend was comfortably covered by both cash flow and earnings. This means that most of its earnings are being retained to grow the business. The next year is set to see EPS grow by 32.5%. Assuming the dividend continues along recent trends, we think the payout ratio could be 13% by next year, which is in a pretty sustainable range. See our latest analysis for AXIS Capital Holdings The company has an extended history of paying stable dividends. The dividend has gone from an annual total of $1.08 in 2015 to the most recent total annual payment of $1.76. This means that it has been growing its distributions at 5.0% per annum over that time. The dividend has been growing very nicely for a number of years, and has given its shareholders some nice income in their portfolios. The company's investors will be pleased to have been receiving dividend income for some time. It's encouraging to see that AXIS Capital Holdings has been growing its earnings per share at 41% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. Overall, we like to see the dividend staying consistent, and we think AXIS Capital Holdings might even raise payments in the future. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Companies that are growing earnings tend to be the best dividend stocks over the long term. See what the 7 analysts we track are forecasting for AXIS Capital Holdings for free with public analyst estimates for the company. Is AXIS Capital Holdings not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
05-05-2025
- Business
- Time of India
IEX to log double-digit growth in trading volume in FY26
Indian Energy Exchange , the country's leading electricity exchange , is expected to log a double-digit volume growth in the current financial year that started in April, on the back of increasing sell side liquidity and launch of new products, according to analyst reports post IEX 's FY25 earnings. The current financial year is likely to see a capacity addition of 11 GW on thermal side and up to 40 GW on renewable side that is expected to keep supply-side liquidity on exchanges strong, thereby driving down price discovery in key trading segments like Day Ahead Market and Real Time Market (RTM). According to analysts, introduction of new products like green RTM and long-duration contracts (LDC) of up to 11 months will further add to volumes on IEX. In 2024-25, IEX logged the highest-ever traded electricity volume of 121 billion units (BUs), up 18.7 per cent year on year. 'Approval for 11-month LDC contracts, green RTM, private participation in selling un-requisitioned surplus on exchanges, declining BESS prices, boost for FDRE/RTC green projects are all likely to boost supply-side liquidity/volume growth outlook,' AXIS Capital said in its post earnings note. 'As BESS becomes increasingly competitive, it will support growth of FDRE solutions and thereby improve liquidity on exchanges,' the note said. According to analysts, IEX has submitted a petition to regulator CERC for an 11-month LDC contract. It shall help shift part of DEEP volume (40 BU in FY24) to exchanges. Price discovery in LDC is expected to be around 25 per cent lower than on DEEP platform for a similar duration. Also, margin requirements for customers will mean that IEX does not run any working capital risk in LDC contracts. The approval is awaited. The long duration contract is aimed at offering greater flexibility for market participants, particularly distribution companies, by enabling longer-term contracts for more stable power procurement. 'If approved in the next two to three months, IEX expects an additional annual potential of 40 BU (billion units). Additionally, the Green RTM (new product) would allow resellers to earn a price premium over conventional power, while enabling buyers to fulfil their renewable purchase obligations by sourcing green electricity,' Antique Stock Broking said in a report. 'It (launch of LDC) shall help to shift part of DEEP volume to exchanges. Price discovery in LDC is expected to be ~25 per cent lower than on DEEP platform for a similar duration. Also, margin requirements for customers will mean that IEX does not run any working capital risk in LDC contracts,' AXIS said in its note. Beyond electricity trading, IEX is witnessing traction in other commodity exchanges such as gas with nearly 50 per cent growth in volumes, carbon exchange that commenced operations in FY25 and coal exchange where a consultation paper has been floated. According to Antique, IGX volume increase is mainly due to Reliance Industries and ONGC selling a good part of their production in the market now. 'IGX achieved a record 60 million MMBtu in traded gas volume in FY25, up 47 per cent YoY. With falling gas prices, IGX expects continued volume growth,' said the Antique note. 'Diversification into carbon exchange and coal exchanges in the future and improvement in volume growth outlook for IGX add growth options over the medium term,' AXIS said. IEX is working with the coal ministry to set up India's first Coal Exchange by FY27. The launch is expected to require amending Mines and Minerals Development Regulations Act to facilitate sale of surplus coal through coal exchange, including from commercial and captive mines. Talking about market coupling, the analysts have said that there is no clarity on the issue as yet. 'Inordinate delays by the government/regulator imply challenges/ limited merit in implementing the same,' IIFL Capital said in its post-earnings note. During the 2024-25 fiscal, IEX reported a consolidated net profit of ₹429.16 crore compared to ₹350.78 crore a year ago while total income rose to ₹657.36 crore from ₹550.84 crore in 2023-24.
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Business Standard
04-05-2025
- Business
- Business Standard
IEX expects double-digit volume growth in FY26, driven by strong liquidity
Indian Energy Exchange, the country's leading electricity exchange, is expected to log a double-digit volume growth in the current financial year that started in April, on the back of increasing sell side liquidity and launch of new products, according to analyst reports post IEX's FY25 earnings. The current financial year is likely to see a capacity addition of 11 GW on thermal side and up to 40 GW on renewable side that is expected to keep supply-side liquidity on exchanges strong, thereby driving down price discovery in key trading segments like Day Ahead Market and Real Time Market (RTM). According to analysts, introduction of new products like green RTM and long-duration contracts (LDC) of up to 11 months will further add to volumes on IEX. In 2024-25, IEX logged the highest-ever traded electricity volume of 121 billion units (BUs), up 18.7 per cent year on year. "Approval for 11-month LDC contracts, green RTM, private participation in selling un-requisitioned surplus on exchanges, declining BESS prices, boost for FDRE/RTC green projects are all likely to boost supply-side liquidity/volume growth outlook," AXIS Capital said in its post earnings note. "As BESS becomes increasingly competitive, it will support growth of FDRE solutions and thereby improve liquidity on exchanges," the note said. According to analysts, IEX has submitted a petition to regulator CERC for an 11-month LDC contract. It shall help shift part of DEEP volume (40 BU in FY24) to exchanges. Price discovery in LDC is expected to be around 25 per cent lower than on DEEP platform for a similar duration. Also, margin requirements for customers will mean that IEX does not run any working capital risk in LDC contracts. The approval is awaited. The long duration contract is aimed at offering greater flexibility for market participants, particularly distribution companies, by enabling longer-term contracts for more stable power procurement. "If approved in the next two to three months, IEX expects an additional annual potential of 40 BU (billion units). Additionally, the Green RTM (new product) would allow resellers to earn a price premium over conventional power, while enabling buyers to fulfil their renewable purchase obligations by sourcing green electricity," Antique Stock Broking said in a report. "It (launch of LDC) shall help to shift part of DEEP volume to exchanges. Price discovery in LDC is expected to be ~25 per cent lower than on DEEP platform for a similar duration. Also, margin requirements for customers will mean that IEX does not run any working capital risk in LDC contracts," AXIS said in its note. Beyond electricity trading, IEX is witnessing traction in other commodity exchanges such as gas with nearly 50 per cent growth in volumes, carbon exchange that commenced operations in FY25 and coal exchange where a consultation paper has been floated. According to Antique, IGX volume increase is mainly due to Reliance Industries and ONGC selling a good part of their production in the market now. "IGX achieved a record 60 million MMBtu in traded gas volume in FY25, up 47 per cent YoY. With falling gas prices, IGX expects continued volume growth," said the Antique note. "Diversification into carbon exchange and coal exchanges in the future and improvement in volume growth outlook for IGX add growth options over the medium term," AXIS said. IEX is working with the coal ministry to set up India's first Coal Exchange by FY27. The launch is expected to require amending Mines and Minerals Development Regulations Act to facilitate sale of surplus coal through coal exchange, including from commercial and captive mines. Talking about market coupling, the analysts have said that there is no clarity on the issue as yet. "Inordinate delays by the government/regulator imply challenges/ limited merit in implementing the same," IIFL Capital said in its post-earnings note. During the 2024-25 fiscal, IEX reported a consolidated net profit of Rs 429.16 crore compared to Rs 350.78 crore a year ago while total income rose to Rs 657.36 crore from Rs 550.84 crore in 2023-24.
Yahoo
24-04-2025
- Business
- Yahoo
AXIS Completes Previously Announced Transaction With Enstar
PEMBROKE, Bermuda, April 24, 2025 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited ('AXIS Capital' or 'AXIS' or the 'Company') (NYSE: AXS) and Enstar Group Limited ('Enstar') (Nasdaq: ESGR) announced today that they have completed a loss portfolio transfer ('LPT') transaction, covering reinsurance segment reserves predominantly attributable to casualty portfolios related to 2021 and prior underwriting years. The LPT reinsurance agreement covers reinsurance segment reserves totalling $3.1 billion at September 30, 2024, and is structured as a 75% ground-up quota share, with AXIS retroceding $2.3 billion of reinsurance segment reserves to Enstar. The LPT reinsurance agreement was provided by Enstar's wholly owned subsidiary, Cavello Bay Reinsurance Limited, which has S&P and AM Best 'A' financial strength ratings. Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions. About AXIS CapitalAXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $6.1 billion at September 30, 2024, and locations in Bermuda, the United States, Europe, Singapore, and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at About Enstar Enstar is a NASDAQ-listed global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Australia, Lichtenstein and Belgium. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see AXIS Contacts: Enstar Contacts: For Investors: For Investors: Cliff Gallant Matthew Kirk +1 (415) 262-6843 +1 (201) 743-7734 investorrelations@ For Media: For Media: Nichola Liboro Jenna Kerr +1 (917) 705-4579 +44 (0) 771-4487-187 communications@ Sign in to access your portfolio
Business Wire
24-04-2025
- Business
- Business Wire
AXIS Completes Previously Announced Transaction With Enstar
PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited ('AXIS Capital' or 'AXIS' or the 'Company') (NYSE: AXS) and Enstar Group Limited ('Enstar') (Nasdaq: ESGR) announced today that they have completed a loss portfolio transfer ('LPT') transaction, covering reinsurance segment reserves predominantly attributable to casualty portfolios related to 2021 and prior underwriting years. The LPT reinsurance agreement covers reinsurance segment reserves totalling $3.1 billion at September 30, 2024, and is structured as a 75% ground-up quota share, with AXIS retroceding $2.3 billion of reinsurance segment reserves to Enstar. The LPT reinsurance agreement was provided by Enstar's wholly owned subsidiary, Cavello Bay Reinsurance Limited, which has S&P and AM Best 'A' financial strength ratings. Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions. About AXIS Capital AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $6.1 billion at September 30, 2024, and locations in Bermuda, the United States, Europe, Singapore, and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at About Enstar Enstar is a NASDAQ-listed global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Australia, Lichtenstein and Belgium. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see
