Several brokerages have updated their recommendations and price targets on shares of XL Group (NYSE: XL) in the last few weeks:

  • 7/31/2017 – XL Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/28/2017 – XL Group was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating. They now have a $52.00 price target on the stock, up previously from $45.00.
  • 7/28/2017 – XL Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “XL Group’s second-quarter 2017 earnings outperformed expectations and also improved significantly on a solid performance and lower operating expenses. Shares of XL Group outperformed the industry in the second quarter. XL holds a premier position in global specialty insurance and reinsurance markets owing to the acquisition of Catlin Group in 2015. The buyout helped it to increase alternative capital opportunities and business in the Lloyd's platform. Its inorganic story remains impressive with strategic acquisitions. Also, XL Group announced its intention to re-domesticate to Bermuda as it has considerable operations there. It also remains focused on tapping opportunities in the emerging economies alongside engaging in shareholder-friendly moves. However, negative pricing across business lines as well as increasing expenses remain headwinds for XL Group.”
  • 7/25/2017 – XL Group was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/18/2017 – XL Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Negative pricing across business lines as well as increasing expenses remain headwinds for XL Group. Nonetheless, XL holds a premier position in global specialty insurance and reinsurance markets owing to the acquisition of Catlin Group in 2015. The buyout helped it to increase alternative capital opportunities and business in the Lloyd's platform. Its inorganic story remains impressive with strategic acquisitions. Also, XL Group announced its intention to re-domesticate to Bermuda as it has considerable operations there. It also remains focused on tapping opportunities in the emerging economies alongside engaging in shareholder-friendly moves. Shares of XL Group outperformed the Zacks categorized Property and Casualty industry, year to date. It is set to release second quarter results on Jul 26. A Zacks Rank #4 combined with an Earnings ESP of -3.33% makes prediction difficult.”
  • 7/13/2017 – XL Group had its price target raised by analysts at Citigroup Inc. from $43.00 to $46.00. They now have a “neutral” rating on the stock.
  • 7/12/2017 – XL Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/12/2017 – XL Group had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $46.00 price target on the stock.
  • 7/7/2017 – XL Group had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $50.00 price target on the stock, up previously from $46.00.
  • 7/3/2017 – XL Group had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $51.00 price target on the stock, up previously from $46.00.
  • 6/20/2017 – XL Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

XL Group Ltd. (NYSE:XL) opened at 44.50 on Friday. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 14.55 and a beta of 1.02. The company’s 50 day moving average is $44.71 and its 200-day moving average is $41.86. 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 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 company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, analysts predict that XL Group Ltd. will post $3.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 14th. XL Group’s dividend payout ratio is presently 28.57%.

In other XL Group news, General Counsel Gould Kirstin Romann sold 75,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $42.56, for a total value of $3,192,000.00. Following the completion of the transaction, the general counsel now directly owns 162,298 shares of the company’s stock, valued at $6,907,402.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider W Myron Hendry sold 85,050 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 57,525 shares of the company’s stock, valued at $2,422,953. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,293 shares of company stock valued at $7,767,012. Insiders own 2.59% of the company’s stock.

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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