XL Group Ltd. (XL) Short Interest Update

XL Group Ltd. (NYSE:XL) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 17,236,012 shares, an increase of 35.8% from the October 13th total of 12,692,008 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average daily trading volume, of 3,186,583 shares, the short-interest ratio is currently 5.4 days.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Great Lakes Advisors LLC grew its position in XL Group by 1.4% during the 2nd quarter. Great Lakes Advisors LLC now owns 23,238 shares of the insurance provider’s stock worth $1,018,000 after purchasing an additional 327 shares during the period. HighTower Advisors LLC grew its position in XL Group by 4.4% during the 2nd quarter. HighTower Advisors LLC now owns 8,708 shares of the insurance provider’s stock worth $382,000 after purchasing an additional 370 shares during the period. IFP Advisors Inc grew its position in XL Group by 19.9% during the 2nd quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock worth $101,000 after purchasing an additional 384 shares during the period. Janus Capital Management LLC grew its position in XL Group by 0.9% during the 1st quarter. Janus Capital Management LLC now owns 43,082 shares of the insurance provider’s stock worth $1,717,000 after purchasing an additional 402 shares during the period. Finally, Stifel Financial Corp grew its position in XL Group by 2.8% during the 2nd quarter. Stifel Financial Corp now owns 14,878 shares of the insurance provider’s stock worth $650,000 after purchasing an additional 406 shares during the period. 98.39% of the stock is currently owned by institutional investors.

XL Group (NYSE XL) opened at $38.63 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.35 and a quick ratio of 0.35. XL Group has a 52 week low of $35.70 and a 52 week high of $47.27.

XL Group (NYSE:XL) last issued its earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.91) by ($0.09). The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business earned $0.44 EPS. research analysts anticipate that XL Group will post -1.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.28%. XL Group’s dividend payout ratio (DPR) is -71.54%.

Several analysts have recently commented on the company. BidaskClub lowered XL Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. B. Riley reiterated a “neutral” rating on shares of XL Group in a report on Monday, November 6th. UBS AG decreased their price objective on XL Group from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, October 2nd. Citigroup Inc. decreased their price objective on XL Group from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Finally, Buckingham Research assumed coverage on XL Group in a report on Monday, September 11th. They set a “neutral” rating and a $42.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $45.50.

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About XL Group

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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