XL Group Ltd. (NYSE:XL) General Counsel Gould Kirstin Romann sold 62,290 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.09, for a total transaction of $2,684,076.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
XL Group Ltd. (NYSE:XL) traded up $0.22 during trading on Friday, reaching $43.32. 973,029 shares of the company were exchanged, compared to its average volume of 3,976,913. XL Group Ltd. has a 1-year low of $33.77 and a 1-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 released its earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 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. research analysts anticipate that XL Group Ltd. will post 3.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 14th. XL Group’s dividend payout ratio (DPR) is presently -39.29%.
A number of brokerages recently commented on XL. Barclays restated an “overweight” rating and set a $50.00 price objective (up from $42.00) on shares of XL Group in a report on Tuesday. B. Riley restated a “neutral” rating on shares of XL Group in a report on Monday, November 6th. Citigroup raised their target price on shares of XL Group from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Deutsche Bank raised shares of XL Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research raised shares of XL Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $45.33.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of XL Group by 2.4% during the 4th quarter. Bank of Montreal Can now owns 435,715 shares of the insurance provider’s stock worth $15,320,000 after buying an additional 10,378 shares during the period. AXA bought a new stake in shares of XL Group during the 3rd quarter worth about $5,863,000. Meeder Asset Management Inc. boosted its holdings in shares of XL Group by 36.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 14,181 shares of the insurance provider’s stock worth $559,000 after buying an additional 3,759 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of XL Group by 45.1% during the 3rd quarter. Janus Henderson Group PLC now owns 5,071,040 shares of the insurance provider’s stock worth $200,052,000 after buying an additional 1,577,318 shares during the period. Finally, Boston Partners boosted its holdings in shares of XL Group by 112.6% during the 4th quarter. Boston Partners now owns 11,902,560 shares of the insurance provider’s stock worth $418,494,000 after buying an additional 6,304,849 shares during the period. 98.97% of the stock is owned by institutional investors.
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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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