XL Group Ltd. (XL) Position Held by State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D continued to hold its stake in XL Group Ltd. (NYSE:XL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 280,000 shares of the insurance provider’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in XL Group were worth $12,264,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of XL. Nationwide Fund Advisors boosted its stake in XL Group by 26.6% in the first quarter. Nationwide Fund Advisors now owns 578,099 shares of the insurance provider’s stock valued at $23,043,000 after buying an additional 121,481 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in XL Group by 19.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 23,291 shares of the insurance provider’s stock valued at $928,000 after buying an additional 3,773 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in XL Group during the first quarter valued at about $621,000. Boys Arnold & Co. Inc. boosted its stake in XL Group by 32.6% in the first quarter. Boys Arnold & Co. Inc. now owns 10,575 shares of the insurance provider’s stock valued at $422,000 after buying an additional 2,600 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in XL Group by 3.2% in the first quarter. Nisa Investment Advisors LLC now owns 23,920 shares of the insurance provider’s stock valued at $953,000 after buying an additional 735 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.
XL Group Ltd. (XL) opened at 44.67 on Thursday. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 14.61 and a beta of 1.02. The firm has a 50-day moving average of $44.69 and a 200-day moving average of $41.84. XL Group Ltd. has a 1-year low of $32.81 and a 1-year high of $47.27.
XL Group (NYSE:XL) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. XL Group had a net margin of 7.53% and a return on equity of 4.88%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the business earned $0.37 earnings per share. Equities research analysts anticipate that XL Group Ltd. will post $3.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.97%. XL Group’s dividend payout ratio (DPR) is currently 28.57%.
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Several equities research analysts recently issued reports on the company. ValuEngine upgraded XL Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research cut XL Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Citigroup Inc. lifted their price objective on XL Group from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price objective on shares of XL Group in a report on Wednesday, July 12th. Finally, BidaskClub upgraded XL Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. XL Group presently has an average rating of “Buy” and an average target price of $44.90.
In related news, insider W Myron Hendry sold 85,050 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $42.12, for a total transaction of $3,582,306.00. Following the sale, the insider now owns 57,525 shares in the company, valued at $2,422,953. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Mauriello sold 3,043 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $44.55, for a total transaction of $135,565.65. Following the sale, the director now owns 55,008 shares in the company, valued at approximately $2,450,606.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,293 shares of company stock worth $7,767,012. 2.59% of the stock is owned by company insiders.
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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