XL Group Ltd. (XL) Insider Sells $780,000.00 in Stock

XL Group Ltd. (NYSE:XL) insider Susan Lee Cross sold 20,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $39.00, for a total transaction of $780,000.00. Following the completion of the sale, the insider now owns 58,688 shares in the company, valued at $2,288,832. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of XL Group Ltd. (NYSE:XL) opened at $41.26 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.08. The stock has a market cap of $10,750.00, a PE ratio of -19.10, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. XL Group Ltd. has a one year low of $33.77 and a one year high of $47.27.

XL Group (NYSE:XL) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.73 billion. XL Group had a negative net margin of 4.95% and a negative return on equity of 4.25%. During the same period in the prior year, the firm earned $0.47 earnings per share. sell-side analysts anticipate that XL Group Ltd. will post 3.68 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in shares of XL Group by 11.8% during the second quarter. PNC Financial Services Group Inc. now owns 19,655 shares of the insurance provider’s stock worth $862,000 after buying an additional 2,068 shares in the last quarter. Advisor Group Inc. grew 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 worth $180,000 after buying an additional 747 shares in the last quarter. Stifel Financial Corp grew its position in shares of XL Group by 2.8% during the second quarter. Stifel Financial Corp now owns 14,878 shares of the insurance provider’s stock worth $650,000 after buying an additional 406 shares in the last quarter. HighTower Advisors LLC grew its position in shares of XL Group by 4.4% during the second quarter. HighTower Advisors LLC now owns 8,708 shares of the insurance provider’s stock worth $382,000 after buying an additional 370 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of XL Group by 65.3% during the second quarter. Macquarie Group Ltd. now owns 176,349 shares of the insurance provider’s stock worth $7,724,000 after buying an additional 69,649 shares in the last quarter. Institutional investors own 98.65% of the company’s stock.

Several brokerages recently issued reports on XL. Deutsche Bank upgraded shares of XL Group from a “sell” rating to a “hold” rating in a report on Thursday. Barclays restated a “buy” rating and issued a $42.00 price objective on shares of XL Group in a report on Tuesday, January 9th. Zacks Investment Research lowered shares of XL Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 13th. Royal Bank of Canada restated a “buy” rating and issued a $46.00 price objective on shares of XL Group in a report on Friday, December 8th. Finally, ValuEngine lowered shares of XL Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. XL Group currently has an average rating of “Hold” and an average price target of $44.50.

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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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