XL Group Ltd. (NYSE:XL) – FBR & Co decreased their FY2017 EPS estimates for shares of XL Group in a report issued on Monday. FBR & Co analyst R. Binner now expects that the firm will post earnings of $3.45 per share for the year, down from their prior estimate of $3.60. FBR & Co also issued estimates for XL Group’s FY2018 earnings at $4.00 EPS.

Several other brokerages also recently issued reports on XL. Citigroup Inc. initiated coverage on shares of XL Group in a research report on Tuesday, November 22nd. They set a “neutral” rating and a $39.00 price objective for the company. Barclays PLC restated a “buy” rating and set a $42.00 price objective on shares of XL Group in a research report on Monday, January 9th. Credit Suisse Group set a $41.00 price objective on shares of XL Group and gave the stock a “hold” rating in a research report on Saturday, February 4th. Finally, Langen Mcalenn restated a “neutral” rating on shares of XL Group in a research report on Monday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. XL Group has an average rating of “Hold” and a consensus target price of $40.67.

Earnings History and Estimates for XL Group (NYSE:XL)

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XL Group (NYSE:XL) traded up 0.59% during mid-day trading on Tuesday, reaching $40.66. The company’s stock had a trading volume of 968,211 shares. XL Group has a 1-year low of $30.33 and a 1-year high of $40.67. The firm has a 50 day moving average price of $38.03 and a 200-day moving average price of $35.74. The company has a market capitalization of $10.92 billion, a PE ratio of 26.06 and a beta of 0.98.

XL Group (NYSE:XL) last posted its earnings results on Wednesday, February 1st. The company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.12. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.46 billion. XL Group had a return on equity of 3.42% and a net margin of 4.18%. XL Group’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share.

In other news, CEO Michael S. Mcgavick sold 294,072 shares of XL Group stock in a transaction that occurred on Wednesday, December 28th. The shares were sold at an average price of $38.08, for a total value of $11,198,261.76. Following the completion of the sale, the chief executive officer now directly owns 331,423 shares in the company, valued at $12,620,587.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael S. Mcgavick sold 200,000 shares of XL Group stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $38.12, for a total transaction of $7,624,000.00. Following the completion of the sale, the chief executive officer now owns 331,423 shares of the company’s stock, valued at $12,633,844.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 712,000 shares of company stock valued at $27,103,526. 2.59% of the stock is owned by company insiders.

This story was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The original version of this story can be viewed at http://www.watchlistnews.com/xl-group-ltd-xl-expected-to-earn-fy2017-earnings-of-3-45-per-share/1120626.html.

Large investors have recently added to or reduced their stakes in the stock. Oakview Capital Management L.P. acquired a new stake in XL Group during the fourth quarter worth $12,506,000. Cigna Investments Inc. New acquired a new stake in XL Group during the fourth quarter worth $368,000. Glacier Peak Capital LLC acquired a new stake in XL Group during the fourth quarter worth $1,379,000. GLG LLC increased its stake in XL Group by 6.8% in the fourth quarter. GLG LLC now owns 15,153 shares of the company’s stock worth $565,000 after buying an additional 963 shares during the last quarter. Finally, NWQ Investment Management Company LLC acquired a new stake in XL Group during the fourth quarter worth $46,488,000. Institutional investors own 89.83% of the company’s stock.

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).

5 Day Chart for NYSE:XL

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