XL Group (XL) Getting Somewhat Positive News Coverage, Study Finds

News articles about XL Group (NYSE:XL) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. XL Group earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 45.7599919648479 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Several equities analysts have commented on the company. BidaskClub cut XL Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup cut their price target on XL Group from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. UBS cut their price target on XL Group from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, October 2nd. ValuEngine cut XL Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 price target on shares of XL Group in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. XL Group currently has a consensus rating of “Hold” and a consensus target price of $44.92.

Shares of XL Group (NYSE:XL) traded up $0.21 on Tuesday, hitting $37.03. The stock had a trading volume of 1,252,780 shares, compared to its average volume of 1,933,206. XL Group has a fifty-two week low of $36.02 and a fifty-two week high of $47.27. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.28.

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). XL Group had a negative return on equity of 4.03% and a negative net margin of 2.51%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. equities research analysts expect that XL Group will post -1.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued 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 dividend yield of 2.38%. XL Group’s payout ratio is presently -74.58%.

In other news, Director John Kcb Vereker sold 2,697 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $36.59, for a total value of $98,683.23. Following the completion of the transaction, the director now directly owns 66,455 shares of the company’s stock, valued at approximately $2,431,588.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.02% of the company’s stock.

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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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