XL Capital Partners Co. (NYSE:XL) has received a consensus rating of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $48.16.
A number of research analysts recently commented on XL shares. Barclays reaffirmed a “buy” rating and issued a $42.00 target price on shares of XL Capital Partners in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of XL Capital Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Deutsche Bank raised shares of XL Capital Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. UBS downgraded shares of XL Capital Partners from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Monday, March 19th. Finally, ValuEngine raised shares of XL Capital Partners from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st.
In related news, insider Susan Lee Cross sold 70,000 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $40.21, for a total transaction of $2,814,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Gould Kirstin Romann sold 62,290 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.09, for a total transaction of $2,684,076.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 172,290 shares of company stock valued at $7,078,776. 3.02% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB lifted its stake in shares of XL Capital Partners by 5.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 40,051 shares of the insurance provider’s stock worth $1,408,000 after acquiring an additional 2,154 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of XL Capital Partners by 107.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 34,786 shares of the insurance provider’s stock worth $1,223,000 after acquiring an additional 17,985 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of XL Capital Partners by 39.4% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 18,738 shares of the insurance provider’s stock worth $659,000 after acquiring an additional 5,300 shares during the period. LPL Financial LLC acquired a new stake in shares of XL Capital Partners in the 4th quarter worth $357,000. Finally, Millennium Management LLC acquired a new stake in shares of XL Capital Partners in the 4th quarter worth $3,979,000. Hedge funds and other institutional investors own 98.97% of the company’s stock.
Shares of NYSE:XL traded up $0.02 during trading hours on Wednesday, reaching $55.40. The stock had a trading volume of 3,068,770 shares, compared to its average volume of 5,732,136. XL Capital Partners has a 1 year low of $33.77 and a 1 year high of $56.39. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.28. The company has a market cap of $14,194.52, a PE ratio of -27.56, a P/E/G ratio of 1.68 and a beta of 0.48.
XL Capital Partners (NYSE:XL) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.07. XL Capital Partners had a negative net margin of 4.95% and a negative return on equity of 4.25%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm posted $0.47 EPS. equities research analysts expect that XL Capital Partners will post 3.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, March 14th. XL Capital Partners’s dividend payout ratio is currently -43.78%.
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XL Capital Partners 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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