First Trust Advisors LP raised its position in XL Group Ltd. (NYSE:XL) by 46.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,282,896 shares of the insurance provider’s stock after acquiring an additional 406,516 shares during the period. First Trust Advisors LP’s holdings in XL Group were worth $45,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of XL. Advisor Group Inc. raised its stake in shares of XL Group by 22.1% in the second quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock valued at $180,000 after buying an additional 747 shares during the period. Stifel Financial Corp raised its stake in shares of XL Group by 2.8% during the 2nd quarter. Stifel Financial Corp now owns 14,878 shares of the insurance provider’s stock valued at $650,000 after purchasing an additional 406 shares during the period. HighTower Advisors LLC raised its stake in shares of XL Group by 4.4% during the 2nd quarter. HighTower Advisors LLC now owns 8,708 shares of the insurance provider’s stock valued at $382,000 after purchasing an additional 370 shares during the period. Toronto Dominion Bank raised its stake in shares of XL Group by 23.8% during the 2nd quarter. Toronto Dominion Bank now owns 88,610 shares of the insurance provider’s stock valued at $3,881,000 after purchasing an additional 17,030 shares during the period. Finally, PGGM Investments raised its stake in shares of XL Group by 263.9% during the 3rd quarter. PGGM Investments now owns 671,548 shares of the insurance provider’s stock valued at $26,493,000 after purchasing an additional 487,009 shares during the period. Hedge funds and other institutional investors own 98.97% of the company’s stock.
In related news, insider Susan Lee Cross sold 70,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $40.21, for a total transaction of $2,814,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Kcb Vereker sold 2,697 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $36.59, for a total value of $98,683.23. Following the transaction, the director now owns 66,455 shares of the company’s stock, valued at $2,431,588.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,697 shares of company stock valued at $4,493,383. 3.02% of the stock is owned by company insiders.
XL Group Ltd. (NYSE XL) opened at $43.80 on Friday. XL Group Ltd. has a 52-week low of $33.77 and a 52-week high of $47.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.08. The company has a market capitalization of $11,040.00, a PE ratio of -20.28, a P/E/G ratio of 1.30 and a beta of 0.95.
XL Group (NYSE:XL) last posted its earnings results on Thursday, February 1st. The insurance provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. XL Group had a negative return on equity of 4.25% and a negative net margin of 4.95%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business earned $0.47 earnings per share. equities research analysts predict that XL Group Ltd. will post 3.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.01%. XL Group’s payout ratio is -40.74%.
A number of analysts recently issued reports on the company. TheStreet lowered XL Group from a “b” rating to a “c” rating in a research note on Tuesday, October 24th. UBS Group boosted their price objective on XL Group from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Barclays reiterated a “buy” rating and set a $42.00 price objective on shares of XL Group in a research note on Tuesday, January 9th. B. Riley reiterated a “neutral” rating on shares of XL Group in a research note on Monday, November 6th. Finally, Credit Suisse Group boosted their price objective on XL Group from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.67.
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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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