Positive Media Coverage Very Likely to Impact XL Group (XL) Share Price
Press coverage about XL Group (NYSE:XL) has trended positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. XL Group earned a media sentiment score of 0.45 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 84 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- XL Catlin Opens New Office in Washington D.C. focusing on Political Risk, Credit and Bond Insurance (finance.yahoo.com)
- XL Group Ltd. (XL) Given New $46.00 Price Target at Citigroup Inc. (americanbankingnews.com)
- Citigroup Begins Coverage on XL Group Ltd. (XL) With A Rating Of “Neutral” (highlightpress.com)
- Analysts Set Expectations for XL Group Ltd.’s FY2018 Earnings (XL) (americanbankingnews.com)
- XL Group Ltd. (NYSE:XL) Stock Traded Much Higher Than Its 50 Day Moving Average (highlightpress.com)
Several equities research analysts have recently issued reports on the stock. Citigroup Inc. increased their price objective on shares of XL Group from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank Of Canada reissued a “buy” rating and issued a $46.00 price objective on shares of XL Group in a research report on Wednesday, July 12th. BidaskClub raised shares of XL Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Morgan Stanley reissued an “overweight” rating and issued a $50.00 price objective (up previously from $46.00) on shares of XL Group in a research report on Friday, July 7th. Finally, Barclays PLC reissued an “overweight” rating and issued a $51.00 price objective (up previously from $46.00) on shares of XL Group in a research report on Monday, July 3rd. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. XL Group currently has an average rating of “Buy” and a consensus price target of $43.50.
Shares of XL Group (XL) opened at 45.17 on Monday. The company’s 50-day moving average is $42.95 and its 200-day moving average is $40.32. XL Group has a 12-month low of $31.97 and a 12-month high of $45.39. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 21.72 and a beta of 1.02.
XL Group (NYSE:XL) last issued its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.04. XL Group had a net margin of 5.25% and a return on equity of 3.71%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the company earned $0.35 earnings per share. XL Group’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts forecast that XL Group will post $3.20 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Tuesday, June 13th. XL Group’s dividend payout ratio (DPR) is currently 42.11%.
In related news, insider Charles F.A. Cooper sold 18,500 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $42.33, for a total transaction of $783,105.00. Following the transaction, the insider now owns 110,096 shares of the company’s stock, valued at $4,660,363.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider W Myron Hendry sold 85,050 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $42.12, for a total transaction of $3,582,306.00. Following the transaction, the insider now directly owns 57,525 shares in the company, valued at approximately $2,422,953. The disclosure for this sale can be found here. Insiders have sold 180,250 shares of company stock worth $7,631,446 in the last ninety days. 2.59% of the stock is currently owned by insiders.
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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