XL Group Ltd. (NYSE:XL) has been assigned an average rating of “Hold” from the seventeen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $45.36.
Several analysts have issued reports on XL shares. Barclays reissued a “buy” rating and issued a $42.00 price objective on shares of XL Group in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of XL Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 13th. Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of XL Group in a research note on Friday, December 8th. Credit Suisse Group lifted their price target on shares of XL Group from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Citigroup lifted their price target on shares of XL Group from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd.
In related news, CFO Stephen Robb sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Lee Cross sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $40.21, for a total transaction of $2,814,700.00. The disclosure for this sale can be found here. Insiders sold 112,697 shares of company stock valued at $4,493,383 in the last three months. 3.02% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. FDx Advisors Inc. purchased a new position in XL Group in the fourth quarter worth $488,000. American International Group Inc. grew its holdings in XL Group by 12.6% in the fourth quarter. American International Group Inc. now owns 97,938 shares of the insurance provider’s stock worth $3,444,000 after purchasing an additional 10,933 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in XL Group by 5.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,073,834 shares of the insurance provider’s stock worth $635,477,000 after purchasing an additional 1,000,934 shares during the last quarter. Virtu Financial LLC purchased a new position in XL Group in the fourth quarter worth $615,000. Finally, Bank of New York Mellon Corp grew its holdings in XL Group by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,005,848 shares of the insurance provider’s stock worth $70,528,000 after purchasing an additional 9,777 shares during the last quarter. 98.97% of the stock is owned by institutional investors.
Shares of XL Group (NYSE:XL) traded down $0.62 during midday trading on Friday, reaching $41.24. 414,950 shares of the company’s stock traded hands, compared to its average volume of 4,099,844. The company has a quick ratio of 0.35, a current ratio of 0.08 and a debt-to-equity ratio of 0.28. XL Group has a twelve month low of $33.77 and a twelve month high of $47.27.
XL Group (NYSE:XL) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.73 billion. XL Group had a negative net margin of 4.95% and a negative return on equity of 4.25%. During the same quarter last year, the firm earned $0.47 earnings per share. sell-side analysts predict that XL Group will post 3.68 earnings per share for the current fiscal year.
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About XL Group
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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