XL Group (XL) Receiving Somewhat Favorable Media Coverage, Study Shows

Media stories about XL Group (NYSE:XL) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. XL Group earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 47.6132094068538 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

A number of analysts have commented on the company. Barclays lowered their price target on XL Group from $51.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, October 16th. TheStreet cut XL Group from a “b” rating to a “c” rating in a research report on Tuesday, October 24th. UBS Group lifted their price target on XL Group from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. B. Riley reaffirmed a “neutral” rating on shares of XL Group in a research report on Monday, November 6th. Finally, Credit Suisse Group lifted their price target on XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.67.

XL Group (NYSE:XL) opened at $41.86 on Friday. The stock has a market capitalization of $10,560.00, a PE ratio of -19.38, a PEG ratio of 1.25 and a beta of 0.95. The company has a quick ratio of 0.35, a current ratio of 0.08 and a debt-to-equity ratio of 0.28. XL Group has a fifty-two week low of $33.77 and a fifty-two week high of $47.27.

XL Group (NYSE:XL) last issued its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.73 billion. XL Group had a negative return on equity of 4.25% and a negative net margin of 4.95%. During the same quarter in the previous year, the firm posted $0.47 EPS. sell-side analysts expect that XL Group will post 3.68 earnings per share for the current year.

In related news, Director John Kcb Vereker sold 2,697 shares of XL Group stock in a transaction dated 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 owns 66,455 shares in the company, valued at approximately $2,431,588.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen Robb sold 20,000 shares of XL Group stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 112,697 shares of company stock valued at $4,493,383. 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).

Insider Buying and Selling by Quarter for XL Group (NYSE:XL)

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