XL Group (NYSE:XL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Barclays in a research note issued to investors on Tuesday, January 9th. They currently have a $42.00 price objective on the insurance provider’s stock. Barclays’ price target would suggest a potential upside of 9.80% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Bank of America lowered their target price on shares of XL Group from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, October 12th. ValuEngine raised shares of XL Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. UBS Group lowered their target price on shares of XL Group from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $50.00 price target on shares of XL Group in a research note on Thursday, September 21st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 price target on shares of XL Group in a research note on Friday, December 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.50.
XL Group (NYSE XL) opened at $38.25 on Tuesday. XL Group has a 52 week low of $33.77 and a 52 week high of $47.27. The firm has a market cap of $9,431.59 and a price-to-earnings ratio of -31.10. 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 (NYSE:XL) last announced its earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. XL Group had a negative net margin of 2.51% and a negative return on equity of 4.03%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the firm earned $0.47 earnings per share. analysts expect that XL Group will post -2 EPS for the current fiscal year.
In other news, Director John Kcb Vereker sold 2,697 shares of XL Group stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $36.59, for a total transaction of $98,683.23. Following the completion of the transaction, the director now directly owns 66,455 shares in the company, valued at $2,431,588.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.02% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado grew its holdings in shares of XL Group by 3.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 51,913 shares of the insurance provider’s stock valued at $1,825,000 after buying an additional 1,603 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of XL Group during the fourth quarter valued at about $110,000. US Bancorp DE grew its holdings in shares of XL Group by 131.6% during the fourth quarter. US Bancorp DE now owns 27,453 shares of the insurance provider’s stock valued at $966,000 after buying an additional 15,601 shares during the last quarter. Delphi Management Inc. MA purchased a new position in XL Group during the fourth quarter worth about $2,418,000. Finally, Boston Partners boosted its holdings in XL Group by 112.6% during the fourth quarter. Boston Partners now owns 11,902,560 shares of the insurance provider’s stock worth $418,494,000 after purchasing an additional 6,304,849 shares during the last quarter. Hedge funds and other institutional investors own 98.91% 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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