XL Group Ltd. (XL) Receives Consensus Recommendation of “Hold” from Analysts
Shares of XL Group Ltd. (NYSE:XL) have received an average recommendation of “Hold” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $44.50.
XL has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of XL Group from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, September 19th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $50.00 target price on shares of XL Group in a research note on Thursday, September 21st. Zacks Investment Research downgraded shares of XL Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Citigroup decreased their price target on shares of XL Group from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Finally, ValuEngine raised shares of XL Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.
In other XL Group news, Director John Kcb Vereker sold 2,697 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $36.59, for a total value of $98,683.23. Following the completion of the transaction, the director now owns 66,455 shares of the company’s stock, valued at $2,431,588.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.02% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of XL Group by 1.1% during the second quarter. Vanguard Group Inc. now owns 25,841,471 shares of the insurance provider’s stock worth $1,131,856,000 after purchasing an additional 288,860 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of XL Group by 31.4% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,072,900 shares of the insurance provider’s stock worth $673,526,000 after purchasing an additional 4,077,346 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of XL Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 8,783,932 shares of the insurance provider’s stock worth $343,540,000 after purchasing an additional 925,470 shares during the last quarter. Boston Partners increased its holdings in XL Group by 25.8% in the third quarter. Boston Partners now owns 5,597,711 shares of the insurance provider’s stock valued at $220,830,000 after buying an additional 1,148,252 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in XL Group by 45.1% in the third quarter. Janus Henderson Group PLC now owns 5,071,040 shares of the insurance provider’s stock valued at $200,052,000 after buying an additional 1,577,318 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.
Shares of XL Group (XL) traded up $0.22 on Monday, reaching $35.49. 3,094,400 shares of the company’s stock traded hands, compared to its average volume of 2,415,722. The firm has a market capitalization of $9,085.97, a P/E ratio of -28.85, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. XL Group has a 52 week low of $33.77 and a 52 week high of $47.27. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28.
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 Thomson Reuters’ consensus estimate of ($3.91) by ($0.09). The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.11 billion. XL Group had a negative net margin of 2.51% and a negative return on equity of 4.03%. XL Group’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. research analysts anticipate that XL Group will post -1.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. XL Group’s dividend payout ratio is currently -71.54%.
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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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