LS Investment Advisors LLC Increases Stake in XL Group Ltd. (NYSE:XL)

LS Investment Advisors LLC increased its stake in XL Group Ltd. (NYSE:XL) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,716 shares of the insurance provider’s stock after buying an additional 821 shares during the period. LS Investment Advisors LLC’s holdings in XL Group were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Bank of Nova Scotia raised its stake in XL Group by 0.9% in the first quarter. Bank of Nova Scotia now owns 6,275 shares of the insurance provider’s stock valued at $250,000 after buying an additional 54 shares during the last quarter. Mackenzie Financial Corp raised its stake in XL Group by 0.9% in the first quarter. Mackenzie Financial Corp now owns 8,881 shares of the insurance provider’s stock valued at $354,000 after buying an additional 79 shares during the last quarter. DnB Asset Management AS raised its stake in XL Group by 0.3% in the first quarter. DnB Asset Management AS now owns 30,610 shares of the insurance provider’s stock valued at $1,220,000 after buying an additional 100 shares during the last quarter. Great Lakes Advisors LLC raised its stake in XL Group by 1.1% in the first quarter. Great Lakes Advisors LLC now owns 22,911 shares of the insurance provider’s stock valued at $913,000 after buying an additional 241 shares during the last quarter. Finally, Shell Asset Management Co. raised its stake in XL Group by 1.8% in the first quarter. Shell Asset Management Co. now owns 17,212 shares of the insurance provider’s stock valued at $686,000 after buying an additional 299 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

XL Group Ltd. (XL) traded down 0.39% during mid-day trading on Friday, hitting $43.79. 1,644,772 shares of the company were exchanged. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 14.32 and a beta of 1.02. The stock’s 50 day moving average is $44.81 and its 200-day moving average is $42.15. XL Group Ltd. has a 12-month low of $32.81 and a 12-month high of $47.27.

XL Group (NYSE:XL) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $0.96 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the previous year, the company earned $0.37 EPS. Equities research analysts predict 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. Stockholders of record on Friday, September 15th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.01%. XL Group’s dividend payout ratio is presently 28.57%.

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Several research firms have recently issued reports on XL. BidaskClub lowered shares of XL Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of XL Group from a “sell” rating to a “hold” rating in a report on Friday, July 28th. J P Morgan Chase & Co raised shares of XL Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $52.00 in a report on Friday, July 28th. ValuEngine raised shares of XL Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Citigroup Inc. raised their price target on shares of XL Group from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 13th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. XL Group presently has an average rating of “Buy” and a consensus price target of $44.90.

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 stock was sold at an average price of $42.56, for a total transaction of $3,192,000.00. Following the completion of the sale, the general counsel now directly owns 162,298 shares of the company’s stock, valued at approximately $6,907,402.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $3,582,306.00. Following the sale, 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. Insiders sold a total of 183,293 shares of company stock worth $7,767,012 in the last 90 days. 2.59% of the stock is owned by corporate 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).

Institutional Ownership by Quarter for XL Group (NYSE:XL)

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