ETRADE Capital Management LLC acquired a new stake in XL Group Ltd. (NYSE:XL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,248 shares of the insurance provider’s stock, valued at approximately $220,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in XL Group during the fourth quarter worth about $110,000. NuWave Investment Management LLC acquired a new position in shares of XL Group in the fourth quarter valued at approximately $163,000. King Luther Capital Management Corp acquired a new position in shares of XL Group in the fourth quarter valued at approximately $211,000. Synovus Financial Corp purchased a new stake in XL Group in the third quarter valued at approximately $217,000. Finally, Stephens Inc. AR purchased a new stake in XL Group during the fourth quarter worth approximately $223,000. Institutional investors and hedge funds own 98.97% of the company’s stock.
Several research analysts have recently weighed in on XL shares. TheStreet upgraded shares of XL Group from a “c+” rating to a “b-” rating in a research note on Monday, February 26th. Barclays reissued a “buy” rating and set a $42.00 target price on shares of XL Group in a report on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating and set a $46.00 price target on shares of XL Group in a research report on Friday, December 8th. ValuEngine upgraded shares of XL Group from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Deutsche Bank upgraded shares of XL Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. XL Group currently has a consensus rating of “Hold” and a consensus target price of $47.38.
Shares of XL Group stock traded down $0.25 during midday trading on Friday, hitting $55.35. The company had a trading volume of 3,202,203 shares, compared to its average volume of 6,278,714. The company has a market cap of $14,148.43, a price-to-earnings ratio of -27.54, a PEG ratio of 1.67 and a beta of 0.48. XL Group Ltd. has a 1-year low of $33.77 and a 1-year high of $56.39. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.28.
XL Group (NYSE:XL) last issued its earnings results on Thursday, February 1st. The insurance provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.73 billion. XL Group had a negative return on equity of 4.25% and a negative net margin of 4.95%. During the same period last year, the business earned $0.47 earnings per share. research analysts forecast that XL Group Ltd. will post 3.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were issued a $0.22 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.59%. XL Group’s dividend payout ratio is -43.78%.
In other 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Gould Kirstin Romann sold 62,290 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.09, for a total value of $2,684,076.10. The disclosure for this sale can be found here. Insiders sold 172,290 shares of company stock valued at $7,078,776 over the last ninety days. 3.02% of the stock is currently owned by company insiders.
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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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