Wells Fargo cuts AXIS Capital target for AXS stock to USD 112.00

Published on 10/25/2026 at 00:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AXS stock faces third-quarter results on October 28, 2026. Q2 revenue rose 7.40 percent to USD 1.75 billion, and gross premiums reached USD 2.70 billion.

Insurance earnings calendar advances

Wells Fargo cut its AXIS Capital target from USD 126.00 to USD 112.00 on October 12, 2026.
Second-quarter revenue rose 7.40 percent year over year to USD 1.75 billion.
AXIS Capital stock last stood at USD 102.63 on October 23, 2026, at the NYSE.
Third-quarter results are scheduled for October 28, 2026.

AXS, BMG0692U1099, Illustration mit AI erstellt.

AXIS Capital (BMG0692U1099) saw Wells Fargo cut its price target from USD 126.00 to USD 112.00 on October 12, 2026, while retaining a Buy rating, according to Moomoo News. The insurer is scheduled to publish third-quarter results on October 28, 2026.

Why the target moved

The target reduction followed a second quarter in which operating income reached USD 2.84 per diluted share, below the USD 3.23 consensus estimate. Zacks reported that second-quarter 2026 operating revenues rose 7.40 percent year over year to USD 1.70 billion, while catastrophe losses pushed the combined ratio to 93.10.

The earnings mix explains the tension between growth and underwriting pressure. Gross written premiums increased 6.00 percent year over year to USD 2.70 billion, but the reinsurance segment faced a 24.70 percent decline in gross written premiums, according to the same second-quarter review by Zacks.

Three dated valuation signals

On July 29, 2026, AXIS Capital reported second-quarter operating income of USD 2.84 per diluted share. On October 1, 2026, the company scheduled its third-quarter release for October 28, 2026. On October 12, 2026, Wells Fargo cut its target from USD 126.00 to USD 112.00 while keeping a Buy rating, according to Moomoo News.

What dates matter next?

The company plans to release third-quarter results after the market close on October 28, 2026, followed by an investor call on October 29, 2026, at 8:30 a.m. ET, according to AXIS Capital.

NYSE quote and valuation

AXIS Capital had a market value of USD 7.5 billion and a 52-week range of USD 88.07 to USD 119.99 as of October 23, 2026. The last NYSE price was USD 102.63 on October 23, 2026 at 4:00 p.m. ET.

The further course of trading is shown by the continuously updated real-time quote of AXIS Capital stock.