News headlines about XL Group (NYSE:XL) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. XL Group earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 47.004445427131 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s rankings:
XL has been the topic of several research analyst reports. Credit Suisse Group raised their target price on shares of XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. TheStreet downgraded shares of XL Group from a “b” rating to a “c” rating in a report on Tuesday, October 24th. UBS Group raised their target price on shares of XL Group from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Citigroup raised their price target on shares of XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, B. Riley reaffirmed a “neutral” rating on shares of XL Group in a research note on Monday, November 6th. 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 stock. XL Group currently has a consensus rating of “Hold” and a consensus target price of $44.67.
Shares of XL Group (NYSE:XL) traded down $0.38 on Thursday, hitting $43.12. 3,768,024 shares of the stock traded hands, compared to its average volume of 4,205,029. The company has a market cap of $10,727.82, a PE ratio of -19.25, a P/E/G ratio of 1.26 and a beta of 0.95. XL Group has a one year low of $33.77 and a one year high of $47.27. 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 (NYSE:XL) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. XL Group 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 during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the business earned $0.47 EPS. equities research analysts forecast that XL Group will post 3.69 EPS for the current year.
In related news, Director John Kcb Vereker sold 2,697 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $36.59, for a total value of $98,683.23. Following the completion of the transaction, the director now directly owns 66,455 shares of the company’s stock, valued at $2,431,588.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Lee Cross sold 70,000 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold 112,697 shares of company stock valued at $4,493,383 over the last three months. 3.02% of the stock is owned by company insiders.
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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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