Shares of XL Group Ltd. (NYSE:XL) have been given an average rating of “Hold” by the eighteen brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $44.92.
Several equities analysts have issued reports on the company. Deutsche Bank lowered XL Group from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $42.00 to $37.00 in a report on Friday, October 13th. BidaskClub lowered XL Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup decreased their target price on shares of XL Group from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Barclays decreased their target price on shares of XL Group from $51.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, October 16th. Finally, TheStreet downgraded shares of XL Group from a “b” rating to a “c” rating in a research note on Tuesday, October 24th.
In related news, Director John Kcb Vereker sold 2,697 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $36.59, for a total value of $98,683.23. Following the completion of the sale, the director now owns 66,455 shares in the company, valued at $2,431,588.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.02% of the stock is owned by company insiders.
Shares of XL Group (NYSE:XL) traded down $0.13 during mid-day trading on Thursday, hitting $35.19. The company’s stock had a trading volume of 2,591,800 shares, compared to its average volume of 1,953,963. XL Group has a 12 month low of $35.04 and a 12 month high of $47.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.35.
XL Group (NYSE:XL) last issued its quarterly earnings data on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share (EPS) for the quarter, missing the 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. analysts predict that XL Group will post -1.96 earnings per share for the current year.
The company also recently disclosed 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. 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 2.50%. XL Group’s payout ratio is currently -71.54%.
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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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