BidaskClub upgraded shares of XL Group Ltd. (NYSE:XL) from a buy rating to a strong-buy rating in a report published on Wednesday.

XL has been the topic of a number of other reports. Morgan Stanley upped their target price on shares of XL Group from $43.00 to $46.00 and gave the company an overweight rating in a research report on Friday, April 28th. Royal Bank Of Canada upped their target price on shares of XL Group from $44.00 to $46.00 and gave the company an outperform rating in a research report on Thursday, April 27th. Credit Suisse Group set a $40.00 target price on shares of XL Group and gave the company a hold rating in a research report on Saturday, March 25th. Citigroup Inc. upped their target price on shares of XL Group from $40.00 to $42.00 and gave the company a neutral rating in a research report on Friday, April 7th. Finally, Barclays PLC restated an overweight rating and set a $51.00 target price (up from $46.00) on shares of XL Group in a research report on Monday, July 3rd. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. XL Group currently has an average rating of Buy and an average price target of $43.50.

Shares of XL Group (NYSE:XL) opened at 45.28 on Wednesday. XL Group has a 52-week low of $31.97 and a 52-week high of $45.39. The company has a market capitalization of $11.84 billion, a P/E ratio of 21.77 and a beta of 1.02. The firm’s 50 day moving average is $42.95 and its 200-day moving average is $40.32.

XL Group (NYSE:XL) last issued its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. XL Group had a net margin of 5.25% and a return on equity of 3.71%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Equities research analysts anticipate that XL Group will post $3.20 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Tuesday, June 13th. XL Group’s dividend payout ratio (DPR) is presently 42.11%.

In other news, Director Anne Stevens sold 1,700 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $43.55, for a total transaction of $74,035.00. Following the sale, the director now directly owns 13,710 shares in the company, valued at $597,070.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charles F.A. Cooper sold 18,500 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $42.33, for a total value of $783,105.00. Following the sale, the insider now owns 110,096 shares in the company, valued at $4,660,363.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,250 shares of company stock worth $7,631,446. Company insiders own 2.59% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC bought a new position in XL Group during the first quarter worth approximately $1,728,000. Rafferty Asset Management LLC raised its position in shares of XL Group by 260.5% in the first quarter. Rafferty Asset Management LLC now owns 47,723 shares of the insurance provider’s stock valued at $1,902,000 after buying an additional 34,485 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of XL Group during the first quarter valued at about $1,435,000. Macquarie Group Ltd. raised its position in shares of XL Group by 8.5% in the fourth quarter. Macquarie Group Ltd. now owns 130,100 shares of the insurance provider’s stock valued at $4,848,000 after buying an additional 10,200 shares during the period. Finally, Kentucky Retirement Systems acquired a new position in shares of XL Group during the fourth quarter valued at about $727,000. Institutional investors own 97.36% of the company’s stock.

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).

Analyst Recommendations for XL Group (NYSE:XL)

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