XL Group Ltd. (NYSE:XL) Director John Kcb Vereker sold 2,697 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $36.59, for a total value of $98,683.23. Following the sale, the director now owns 66,455 shares of the company’s stock, valued at approximately $2,431,588.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
XL Group Ltd. (NYSE:XL) traded down $0.93 during mid-day trading on Thursday, reaching $36.10. The company’s stock had a trading volume of 1,923,000 shares, compared to its average volume of 1,933,164. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.35. XL Group Ltd. has a twelve month low of $36.02 and a twelve month high of $47.27.
XL Group (NYSE:XL) last posted its quarterly earnings data on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.91) by ($0.09). XL Group had a negative return on equity of 4.03% and a negative net margin of 2.51%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. research analysts predict that XL Group Ltd. will post -1.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.22 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.88 annualized dividend and a yield of 2.44%. XL Group’s dividend payout ratio is currently -71.54%.
Hedge funds have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of XL Group by 31.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,072,900 shares of the insurance provider’s stock valued at $673,526,000 after buying an additional 4,077,346 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of XL Group by 9,672.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,493,722 shares of the insurance provider’s stock valued at $153,025,000 after buying an additional 3,457,972 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of XL Group by 49.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,557,080 shares of the insurance provider’s stock valued at $140,317,000 after buying an additional 1,173,380 shares during the last quarter. Boston Partners lifted its position in shares of XL Group by 25.8% during the 3rd quarter. Boston Partners now owns 5,597,711 shares of the insurance provider’s stock valued at $220,830,000 after buying an additional 1,148,252 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of XL Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,783,932 shares of the insurance provider’s stock valued at $343,540,000 after buying an additional 925,470 shares during the last quarter. 99.06% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on XL. UBS cut their target price on XL Group from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. ValuEngine raised XL Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $50.00 target price on shares of XL Group in a research report on Thursday, September 21st. Royal Bank of Canada reaffirmed a “buy” rating and set a $53.00 target price on shares of XL Group in a research report on Tuesday, August 29th. Finally, Bank of America cut their target price on XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. XL Group has a consensus rating of “Hold” and a consensus target price of $44.92.
XL Group Company Profile
XL Group plc is an insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises. The Company operates through two segments: Insurance and Reinsurance. The Company’s Insurance segment is organized into four product divisions: Global Casualty (Casualty); Global Energy Property, & Construction (EPC); Global Professional (Professional), and Global Specialty (Specialty).
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