XL Group Ltd. (NYSE:XL) – Research analysts at Langen Mcalenn upped their FY2017 EPS estimates for XL Group in a research note issued to investors on Thursday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings of ($1.32) per share for the year, up from their prior forecast of ($1.36). Langen Mcalenn also issued estimates for XL Group’s Q2 2018 earnings at $0.92 EPS and Q4 2018 earnings at $1.05 EPS.
A number of other equities research analysts have also recently commented on the stock. BidaskClub raised shares of XL Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Morgan Stanley reissued an “overweight” rating and issued a $50.00 price objective (up from $46.00) on shares of XL Group in a research note on Friday, July 7th. Deutsche Bank AG cut shares of XL Group from a “hold” rating to a “sell” rating and lowered their price objective for the company from $42.00 to $37.00 in a research note on Friday, October 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price objective on shares of XL Group in a research note on Tuesday, August 29th. Finally, Citigroup Inc. increased their price objective on shares of XL Group from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.42.
XL Group (NYSE:XL) opened at 40.80 on Monday. XL Group has a 52-week low of $33.77 and a 52-week high of $47.27. The company’s 50-day moving average is $40.14 and its 200-day moving average is $42.30. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 13.34 and a beta of 1.00.
XL Group (NYSE:XL) last posted its quarterly earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.91) by ($0.09). The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.11 billion. XL Group had a negative return on equity of 4.03% and a negative net margin of 2.51%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.16%. XL Group’s dividend payout ratio is presently -71.54%.
In related news, Director Joseph Mauriello sold 3,043 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $44.55, for a total value of $135,565.65. Following the sale, the director now directly owns 55,008 shares of the company’s stock, valued at $2,450,606.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.02% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of XL Group by 1.1% in the second quarter. Vanguard Group Inc. now owns 25,841,471 shares of the insurance provider’s stock worth $1,131,856,000 after acquiring an additional 288,860 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of XL Group by 1.7% in the second quarter. Pzena Investment Management LLC now owns 5,197,849 shares of the insurance provider’s stock worth $227,666,000 after acquiring an additional 85,913 shares during the last quarter. Boston Partners boosted its position in shares of XL Group by 2.0% in the second quarter. Boston Partners now owns 4,449,459 shares of the insurance provider’s stock worth $194,887,000 after acquiring an additional 85,422 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of XL Group by 9,672.6% in the second quarter. Janus Henderson Group PLC now owns 3,493,722 shares of the insurance provider’s stock worth $153,025,000 after acquiring an additional 3,457,972 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of XL Group by 25.8% in the second quarter. Russell Investments Group Ltd. now owns 2,383,700 shares of the insurance provider’s stock worth $104,422,000 after acquiring an additional 488,797 shares during the last quarter. 95.40% of the stock is currently owned by institutional investors and hedge funds.
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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