Guggenheim Capital LLC raised its stake in shares of XL Group Ltd. (NYSE:XL) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,343,195 shares of the insurance provider’s stock after buying an additional 135,477 shares during the period. Guggenheim Capital LLC owned about 0.52% of XL Group worth $47,227,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC raised its holdings 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 valued at $635,477,000 after purchasing an additional 1,000,934 shares in the last quarter. Boston Partners raised 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 valued at $418,494,000 after purchasing an additional 6,304,849 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of XL Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,783,932 shares of the insurance provider’s stock valued at $343,540,000 after purchasing an additional 925,470 shares in the last quarter. Janus Henderson Group PLC raised 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 valued at $200,052,000 after purchasing an additional 1,577,318 shares in the last quarter. Finally, Altrinsic Global Advisors LLC raised its holdings in shares of XL Group by 28.1% during 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 purchasing an additional 891,929 shares in the last quarter. 98.97% of the stock is owned by institutional investors.
XL traded down $0.25 during trading on Friday, hitting $55.35. The stock had a trading volume of 3,202,203 shares, compared to its average volume of 6,010,076. The company has a market capitalization of $14,171.48, a PE ratio of -27.54, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48. 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.
XL Group (NYSE:XL) last posted its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. analysts anticipate that XL Group Ltd. will post 3.67 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 1.59%. XL Group’s payout ratio is -43.78%.
In other news, General Counsel Gould Kirstin Romann sold 62,290 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.09, for a total transaction of $2,684,076.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,290 shares of company stock worth $7,078,776. Insiders own 3.02% of the company’s stock.
A number of research analysts have recently weighed in on the stock. UBS downgraded shares of XL Group from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Monday, March 19th. JMP Securities downgraded shares of XL Group from an “outperform” rating to a “market perform” rating in a report on Monday, March 12th. Barclays downgraded shares of XL Group from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $58.00 in a report on Monday, April 2nd. Keefe, Bruyette & Woods downgraded shares of XL Group from an “outperform” rating to a “market perform” rating in a report on Thursday, March 8th. Finally, Citigroup lifted their target price on shares of XL Group from $43.00 to $57.60 and gave the stock a “neutral” rating in a report on Friday, March 9th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $47.38.
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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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