Guggenheim Capital LLC boosted its stake in shares of XL Group Ltd. (NYSE:XL) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,343,195 shares of the insurance provider’s stock after purchasing an additional 135,477 shares during the quarter. Guggenheim Capital LLC owned approximately 0.52% of XL Group worth $47,227,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of XL Group by 5.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,073,834 shares of the insurance provider’s stock worth $635,477,000 after purchasing an additional 1,000,934 shares during the last quarter. Boston Partners raised its holdings in XL Group by 112.6% in the 4th quarter. Boston Partners now owns 11,902,560 shares of the insurance provider’s stock valued at $418,494,000 after acquiring an additional 6,304,849 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in XL Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,783,932 shares of the insurance provider’s stock valued at $343,540,000 after acquiring an additional 925,470 shares in the last quarter. Janus Henderson Group PLC raised its holdings in XL Group by 45.1% in the 3rd quarter. Janus Henderson Group PLC now owns 5,071,040 shares of the insurance provider’s stock valued at $200,052,000 after acquiring an additional 1,577,318 shares in the last quarter. Finally, Altrinsic Global Advisors LLC raised its holdings in XL Group by 28.1% in the 4th quarter. Altrinsic Global Advisors LLC now owns 4,064,274 shares of the insurance provider’s stock valued at $142,900,000 after acquiring an additional 891,929 shares in the last quarter. 98.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of XL stock traded down $0.02 during mid-day trading on Friday, reaching $55.33. 5,417,120 shares of the company’s stock traded hands, compared to its average volume of 10,892,513. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $14,171.48, a P/E ratio of -24.70, a PEG ratio of 1.67 and a beta of 0.75. XL Group Ltd. has a 1 year low of $33.77 and a 1 year high of $56.39.
XL Group (NYSE:XL) last released its quarterly 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 company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the business earned $0.47 earnings per share. research analysts forecast that XL Group Ltd. will post 3.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.88 annualized dividend and a yield of 1.59%. XL Group’s dividend payout ratio is currently -39.29%.
XL has been the topic of several analyst reports. Citigroup upped their price objective on XL Group from $43.00 to $57.60 and gave the company a “neutral” rating in a research note on Friday, March 9th. Keefe, Bruyette & Woods lowered XL Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 8th. JMP Securities lowered XL Group from an “outperform” rating to a “market perform” rating in a research report on Monday, March 12th. UBS lowered XL Group from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Monday, March 19th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $43.00 price objective on shares of XL Group in a research report on Friday, March 2nd. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. XL Group currently has an average rating of “Hold” and an average price target of $46.72.
In related news, CFO Stephen Robb sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan Lee Cross sold 70,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was 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. Over the last 90 days, insiders have sold 172,290 shares of company stock valued at $7,078,776. Company insiders own 3.02% of the company’s stock.
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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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