XL Group (XL) Stock Rating Reaffirmed by Sandler O’Neill
XL has been the topic of several other reports. ValuEngine raised XL Group from a sell rating to a hold rating in a research note on Thursday. TheStreet raised XL Group from a c+ rating to a b- rating in a research note on Monday, February 26th. Barclays reissued an overweight rating and set a $50.00 target price (up from $42.00) on shares of XL Group in a research note on Tuesday, February 20th. Zacks Investment Research raised XL Group from a sell rating to a hold rating in a research note on Saturday, February 10th. Finally, Citigroup boosted their target price on XL Group from $40.00 to $43.00 and gave the company a neutral rating in a research note on Friday, February 9th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. XL Group currently has an average rating of Hold and a consensus target price of $45.50.
XL Group (NYSE XL) opened at $43.30 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.36 and a quick ratio of 0.35. The company has a market capitalization of $11,086.27, a P/E ratio of -19.33, a price-to-earnings-growth ratio of 1.30 and a beta of 0.75. XL Group has a 12 month low of $33.77 and a 12 month high of $47.27.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.88 annualized dividend and a yield of 2.03%. XL Group’s payout ratio is -39.29%.
In related news, General Counsel Gould Kirstin Romann sold 62,290 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.09, for a total value of $2,684,076.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen Robb sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $40.00, for a total value of $800,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 174,987 shares of company stock worth $7,177,459. 3.02% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of XL. Mutual of America Capital Management LLC grew its stake in XL Group by 4.2% in the third quarter. Mutual of America Capital Management LLC now owns 33,322 shares of the insurance provider’s stock worth $1,315,000 after purchasing an additional 1,345 shares during the period. Aperio Group LLC boosted its holdings in XL Group by 14.0% in the third quarter. Aperio Group LLC now owns 161,117 shares of the insurance provider’s stock worth $6,356,000 after acquiring an additional 19,727 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in XL Group by 9.3% in the third quarter. Pictet Asset Management Ltd. now owns 164,261 shares of the insurance provider’s stock worth $6,480,000 after acquiring an additional 14,000 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in XL Group in the third quarter worth $1,925,000. Finally, New York State Teachers Retirement System boosted its holdings in XL Group by 4.5% in the third quarter. New York State Teachers Retirement System now owns 510,271 shares of the insurance provider’s stock worth $20,130,000 after acquiring an additional 22,084 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors.
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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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