Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. AXA's shares outstanding for the quarter that ended in Jun. 2023 was 2,265 Mil.
AXA's quarterly shares outstanding
increased
from Dec. 2022 (2,265 Mil) to Jun. 2023 (2,265 Mil).
It means AXA issued new shares from Dec. 2022 to Jun. 2023 .
AXA's annual shares outstanding
declined
from Dec. 2021 (2,356 Mil) to Dec. 2022 (2,265 Mil).
It means AXA bought back shares from Dec. 2021 to Dec. 2022 .
AXA Shares Outstanding (EOP) Historical Data
The historical data trend for AXA's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of AXA's Shares Outstanding (EOP)
For the Insurance - Diversified subindustry, AXA's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AXA's Shares Outstanding (EOP) Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, AXA's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where AXA's Shares Outstanding (EOP) falls into.
AXA Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
AXA (LTS:0HAR) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
AXA Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of AXA's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a large French insurer at that time. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in U.S. investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About 5 years ago AXA began reshaping its portfolio again.
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