Retirement Systems of Alabama trimmed its position in XL Group Ltd. (NYSE:XL) by 15.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,670 shares of the insurance provider’s stock after selling 39,678 shares during the period. Retirement Systems of Alabama owned about 0.08% of XL Group worth $8,548,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in XL. Great Lakes Advisors LLC raised its stake in shares of XL Group by 1.4% in the second quarter. Great Lakes Advisors LLC now owns 23,238 shares of the insurance provider’s stock worth $1,018,000 after buying an additional 327 shares during the period. HighTower Advisors LLC raised its stake in shares of XL Group by 4.4% in the second quarter. HighTower Advisors LLC now owns 8,708 shares of the insurance provider’s stock worth $382,000 after buying an additional 370 shares during the period. IFP Advisors Inc raised its stake in shares of XL Group by 19.9% in the second quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock worth $101,000 after buying an additional 384 shares during the period. Stifel Financial Corp raised its stake in shares of XL Group by 2.8% in the second quarter. Stifel Financial Corp now owns 14,878 shares of the insurance provider’s stock worth $650,000 after buying an additional 406 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of XL Group by 2.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 23,777 shares of the insurance provider’s stock worth $1,041,000 after buying an additional 486 shares during the period. 99.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of XL Group Ltd. (NYSE XL) traded down $0.51 during trading on Monday, hitting $37.94. The stock had a trading volume of 2,503,463 shares, compared to its average volume of 1,938,272. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.35 and a quick ratio of 0.35. XL Group Ltd. has a 12-month low of $36.02 and a 12-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 (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.91) by ($0.09). XL Group had a negative net margin of 2.51% and a negative return on equity of 4.03%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. XL Group’s revenue was up 9.0% compared to the same quarter last year. research analysts forecast that XL Group Ltd. will post -1.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.88 annualized dividend and a yield of 2.32%. XL Group’s payout ratio is presently -71.54%.
Several analysts recently issued reports on the company. ValuEngine downgraded XL Group from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research raised XL Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 28th. B. Riley reissued a “neutral” rating on shares of XL Group in a research note on Monday, November 6th. Citigroup lifted their target price on XL Group from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Finally, UBS lifted their target price on XL Group from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.50.
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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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