First Trust Advisors LP boosted its holdings in XL Group Ltd. (NYSE:XL) by 168.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 876,380 shares of the insurance provider’s stock after acquiring an additional 549,356 shares during the period. First Trust Advisors LP owned 0.34% of XL Group worth $34,573,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in XL. Janus Henderson Group PLC lifted its stake in XL Group by 9,672.6% during the second quarter. Janus Henderson Group PLC now owns 3,493,722 shares of the insurance provider’s stock worth $153,025,000 after purchasing an additional 3,457,972 shares in the last quarter. Numeric Investors LLC lifted its stake in XL Group by 108.0% during the second quarter. Numeric Investors LLC now owns 1,448,295 shares of the insurance provider’s stock worth $63,435,000 after purchasing an additional 752,100 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in XL Group by 122.9% during the second quarter. Ameriprise Financial Inc. now owns 1,042,682 shares of the insurance provider’s stock worth $45,668,000 after purchasing an additional 574,914 shares in the last quarter. Rothschild Asset Management Inc. lifted its stake in XL Group by 4,962.0% during the second quarter. Rothschild Asset Management Inc. now owns 580,261 shares of the insurance provider’s stock worth $25,416,000 after purchasing an additional 568,798 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in XL Group by 143.8% during the third quarter. APG Asset Management N.V. now owns 917,462 shares of the insurance provider’s stock worth $36,194,000 after purchasing an additional 541,100 shares in the last quarter. Hedge funds and other institutional investors own 95.85% of the company’s stock.
In related news, Director Joseph Mauriello sold 3,043 shares of XL Group stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $44.55, for a total transaction of $135,565.65. Following the transaction, the director now owns 55,008 shares in the company, valued at approximately $2,450,606.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.02% of the company’s stock.
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Shares of XL Group Ltd. (NYSE XL) opened at 40.80 on Monday. The firm has a market capitalization of $10.52 billion, a PE ratio of 13.34 and a beta of 1.00. The stock has a 50 day moving average price of $40.14 and a 200 day moving average price of $42.30. XL Group Ltd. has a 52 week low of $33.77 and a 52 week high of $47.27.
XL Group (NYSE:XL) last posted its earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 net margin of 2.51% and a negative return on equity of 4.03%. 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 EPS. Equities analysts forecast that XL Group Ltd. will post ($1.44) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.16%. XL Group’s payout ratio is -71.54%.
A number of research analysts have commented on the company. ValuEngine upgraded XL Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut XL Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Citigroup Inc. upped their price target on XL Group from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 13th. BidaskClub upgraded XL Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $46.00 price target on shares of XL Group in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. XL Group has a consensus rating of “Hold” and an average target price of $45.42.
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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