Flinton Capital Management LLC increased its stake in XL Group Ltd. (NYSE:XL) by 26.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 75,600 shares of the insurance provider’s stock after purchasing an additional 15,776 shares during the quarter. Flinton Capital Management LLC’s holdings in XL Group were worth $2,658,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of XL. SeaCrest Wealth Management LLC bought a new stake in XL Group in the fourth quarter valued at $110,000. Earnest Partners LLC acquired a new position in XL Group in the fourth quarter worth $150,000. NuWave Investment Management LLC acquired a new position in XL Group in the fourth quarter worth $163,000. Advisor Group Inc. boosted its stake in XL Group by 28.0% in the fourth quarter. Advisor Group Inc. now owns 5,257 shares of the insurance provider’s stock worth $185,000 after purchasing an additional 1,150 shares in the last quarter. Finally, King Luther Capital Management Corp acquired a new position in XL Group in the fourth quarter worth $211,000. 98.97% of the stock is currently owned by institutional investors.
XL Group stock traded down $0.25 during mid-day trading on Friday, reaching $55.35. 3,202,203 shares of the company were exchanged, compared to its average volume of 6,010,076. XL Group Ltd. has a 12 month low of $33.77 and a 12 month high of $56.39. 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 cap of $14,235.48, a PE ratio of -27.54, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48.
XL Group (NYSE:XL) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates 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 quarter last year, the company posted $0.47 EPS. sell-side analysts expect that XL Group Ltd. will post 3.67 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, March 14th. XL Group’s payout ratio is presently -43.78%.
XL has been the topic of several research reports. Zacks Investment Research lowered XL Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 13th. Royal Bank of Canada reissued a “buy” rating and issued a $46.00 target price on shares of XL Group in a research note on Friday, December 8th. Barclays reissued a “buy” rating and issued a $42.00 target price on shares of XL Group in a research note on Tuesday, January 9th. ValuEngine upgraded XL Group from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Finally, TheStreet upgraded XL Group from a “c+” rating to a “b-” rating in a report on Monday, February 26th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.38.
In related news, General Counsel Gould Kirstin Romann sold 62,290 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.09, for a total value of $2,684,076.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Lee Cross sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $39.00, for a total value of $780,000.00. Following the sale, the insider now directly owns 58,688 shares of the company’s stock, valued at $2,288,832. The disclosure for this sale can be found here. Insiders have sold a total of 172,290 shares of company stock worth $7,078,776 over the last ninety days. Company insiders own 3.02% of the company’s stock.
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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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