Arizona State Retirement System Decreases Position in XL Group Ltd. (XL)

Arizona State Retirement System lowered its stake in shares of XL Group Ltd. (NYSE:XL) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 64,797 shares of the insurance provider’s stock after selling 800 shares during the period. Arizona State Retirement System’s holdings in XL Group were worth $2,838,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in XL. BlackRock Inc. raised its stake in shares of XL Group by 3,113.6% in the first quarter. BlackRock Inc. now owns 18,899,779 shares of the insurance provider’s stock valued at $753,345,000 after buying an additional 18,311,662 shares during the period. FIL Ltd raised its stake in shares of XL Group by 89.9% in the first quarter. FIL Ltd now owns 6,788,978 shares of the insurance provider’s stock valued at $270,609,000 after buying an additional 3,214,457 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of XL Group by 5,927.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 939,043 shares of the insurance provider’s stock valued at $37,430,000 after buying an additional 923,464 shares during the period. OppenheimerFunds Inc. raised its stake in shares of XL Group by 100.7% in the first quarter. OppenheimerFunds Inc. now owns 1,795,831 shares of the insurance provider’s stock valued at $71,582,000 after buying an additional 901,177 shares during the period. Finally, Rothschild Asset Management Inc. raised its stake in shares of XL Group by 4,962.0% in the second quarter. Rothschild Asset Management Inc. now owns 580,261 shares of the insurance provider’s stock valued at $25,416,000 after buying an additional 568,798 shares during the period. 98.88% of the stock is currently owned by institutional investors.

XL Group Ltd. (NYSE XL) opened at 43.96 on Friday. The firm has a market cap of $11.34 billion, a P/E ratio of 14.38 and a beta of 1.02. XL Group Ltd. has a 12 month low of $32.81 and a 12 month high of $47.27. The stock has a 50 day moving average of $44.82 and a 200-day moving average of $42.10.

XL Group (NYSE:XL) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.78 billion. XL Group had a return on equity of 4.88% and a net margin of 7.53%. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Equities research analysts predict that XL Group Ltd. will post $3.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors 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 yield of 2.00%. The ex-dividend date of this dividend is Thursday, September 14th. XL Group’s payout ratio is 28.57%.

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Several equities research analysts recently issued reports on XL shares. BidaskClub raised shares of XL Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Morgan Stanley reiterated an “overweight” rating and set a $50.00 target price (up from $46.00) on shares of XL Group in a research report on Friday, July 7th. Barclays PLC reiterated an “overweight” rating and set a $51.00 target price (up from $46.00) on shares of XL Group in a research report on Monday, July 3rd. Citigroup Inc. lifted their target price on shares of XL Group from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $46.00 target price on shares of XL Group in a research report on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $44.90.

In related news, Director Anne Stevens sold 1,700 shares of XL Group stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $43.55, for a total value of $74,035.00. Following the completion of the sale, the director now directly owns 13,710 shares in the company, valued at approximately $597,070.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Mauriello sold 3,043 shares of XL Group stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $44.55, for a total value of $135,565.65. Following the completion of the sale, the director now owns 55,008 shares of the company’s stock, valued at $2,450,606.40. The disclosure for this sale can be found here. Insiders sold 183,293 shares of company stock valued at $7,767,012 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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Institutional Ownership by Quarter for XL Group (NYSE:XL)

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