XL Group Ltd. (NYSE:XL) – Research analysts at B. Riley issued their Q4 2017 earnings estimates for shares of XL Group in a research note issued to investors on Monday. B. Riley analyst R. Binner expects that the insurance provider will earn $0.84 per share for the quarter. B. Riley has a “Neutral” rating on the stock.
Other analysts have also issued reports about the stock. BidaskClub lowered shares of XL Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $53.00 price objective on shares of XL Group in a report on Tuesday, August 29th. TheStreet lowered shares of XL Group from a “b” rating to a “c” rating in a report on Tuesday, October 24th. Credit Suisse Group raised their price objective on shares of XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Barclays lowered their price objective on shares of XL Group from $51.00 to $47.00 and set an “overweight” rating for the company in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. XL Group currently has an average rating of “Hold” and an average target price of $45.50.
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 Zacks’ consensus estimate of ($3.91) by ($0.09). The firm had revenue of $2.33 billion for 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 for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in XL. IFP Advisors Inc increased its position in shares of XL Group by 19.9% during the second quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 384 shares in the last quarter. Manchester Capital Management LLC bought a new stake in shares of XL Group during the second quarter valued at approximately $120,000. Advisor Group Inc. increased its position in shares of XL Group by 22.1% during the second quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock valued at $180,000 after acquiring an additional 747 shares in the last quarter. Group One Trading L.P. bought a new stake in shares of XL Group during the second quarter valued at approximately $192,000. Finally, Pinnacle Financial Partners Inc. bought a new stake in shares of XL Group during the second quarter valued at approximately $202,000. 99.06% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, December 14th. XL Group’s dividend payout ratio (DPR) is currently -71.54%.
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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