XL Group Ltd. (NYSE:XL) – Investment analysts at B. Riley issued their Q4 2017 earnings estimates for shares of XL Group in a research note issued to investors on Monday. B. Riley analyst R. Binner anticipates that the insurance provider will post earnings per share of $0.84 for the quarter. B. Riley currently has a “Neutral” rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Citigroup lifted their target price on shares of XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Bank of America dropped their target price on shares of XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. UBS dropped their target price on shares of XL Group from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $50.00 target price on shares of XL Group in a research report on Thursday, September 21st. Finally, Buckingham Research assumed coverage on shares of XL Group in a research report on Monday, September 11th. They set a “neutral” rating and a $42.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.92.
XL Group (NYSE:XL) opened at $36.73 on Wednesday. XL Group has a 1 year low of $36.02 and a 1 year high of $47.27. 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 (NYSE:XL) last announced its quarterly earnings results 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 net margin of 2.51% and a negative return on equity of 4.03%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the business posted $0.44 EPS. XL Group’s revenue was up 9.0% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.40%. XL Group’s payout ratio is currently -71.54%.
Several hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan grew its stake in XL Group by 233.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 29,200 shares of the insurance provider’s stock valued at $1,279,000 after buying an additional 20,430 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in XL Group by 59.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 28,050 shares of the insurance provider’s stock valued at $1,229,000 after buying an additional 10,450 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in XL Group by 2.1% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 23,777 shares of the insurance provider’s stock valued at $1,041,000 after buying an additional 486 shares in the last quarter. Korea Investment CORP grew its stake in XL Group by 58.2% in the 2nd quarter. Korea Investment CORP now owns 129,002 shares of the insurance provider’s stock valued at $5,650,000 after buying an additional 47,447 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in XL Group by 19.9% in the 2nd quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock valued at $101,000 after buying an additional 384 shares in the last quarter. Institutional investors own 99.06% of the company’s stock.
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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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