Kempner Capital Management Inc. Has $6.30 Million Holdings in XL Group Ltd. (XL)
Kempner Capital Management Inc. reduced its position in XL Group Ltd. (NYSE:XL) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,220 shares of the insurance provider’s stock after selling 1,683 shares during the period. XL Group comprises about 3.9% of Kempner Capital Management Inc.’s holdings, making the stock its 8th largest position. Kempner Capital Management Inc. owned approximately 0.07% of XL Group worth $6,301,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of XL Group by 5.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 932,921 shares of the insurance provider’s stock valued at $40,862,000 after acquiring an additional 47,093 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of XL Group by 2.7% during the 2nd quarter. Principal Financial Group Inc. now owns 416,383 shares of the insurance provider’s stock valued at $18,238,000 after acquiring an additional 10,868 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in shares of XL Group by 70.6% during the 2nd quarter. State of Tennessee Treasury Department now owns 123,490 shares of the insurance provider’s stock valued at $5,409,000 after acquiring an additional 51,105 shares during the last quarter. NorthCoast Asset Management LLC increased its holdings in shares of XL Group by 6.4% during the 2nd quarter. NorthCoast Asset Management LLC now owns 34,476 shares of the insurance provider’s stock valued at $1,510,000 after acquiring an additional 2,062 shares during the last quarter. Finally, AJO LP acquired a new position in shares of XL Group during the 2nd quarter valued at about $2,111,000. 98.96% of the stock is currently owned by institutional investors.
Shares of XL Group Ltd. (NYSE:XL) traded down $0.25 during trading hours on Tuesday, reaching $34.21. The company had a trading volume of 1,719,497 shares, compared to its average volume of 2,283,533. XL Group Ltd. has a 1 year low of $33.77 and a 1 year high of $47.27. The company has a market cap of $8,870.00, a P/E ratio of -28.99, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.35.
XL Group (NYSE:XL) last announced its earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share for the quarter, missing the consensus estimate of ($3.91) by ($0.09). XL Group had a negative net margin of 2.51% and a negative return on equity of 4.03%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company earned $0.44 EPS. XL Group’s revenue for the quarter was up 9.0% compared to the same quarter last year. research analysts predict that XL Group Ltd. will post -1.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.88 annualized dividend and a yield of 2.57%. XL Group’s payout ratio is -74.58%.
In related news, Director John Kcb Vereker sold 2,697 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $36.59, for a total transaction of $98,683.23. Following the completion of the sale, the director now owns 66,455 shares in the company, valued at approximately $2,431,588.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.02% of the stock is owned by corporate insiders.
A number of research analysts have recently commented on XL shares. Buckingham Research started coverage on XL Group in a report on Monday, September 11th. They set a “neutral” rating and a $42.00 price objective on the stock. UBS Group lowered their price objective on XL Group from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, September 19th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $50.00 price objective on shares of XL Group in a report on Thursday, September 21st. Zacks Investment Research lowered XL Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Citigroup decreased their target price on XL Group from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. XL Group currently has a consensus rating of “Hold” and a consensus target price of $44.50.
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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