Media coverage about XL Group (NYSE:XL) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. XL Group earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 46.2684770246354 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- XL given full internal model approval (mobile.royalgazette.com)
- XL Group Receives Full Internal Model Approval From Bermuda Monetary Authority (insurancenewsnet.com)
- XL Group (XL) Announces Full Internal Model Approval from Bermuda Regulator (streetinsider.com)
- XL Receives BMA Internal Model Approval (bernews.com)
- XL Group Ltd. (XL) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Shares of XL Group (NYSE XL) traded up 0.33% on Friday, hitting $39.37. 4,058,988 shares of the company traded hands. XL Group has a 12 month low of $32.81 and a 12 month high of $47.27. The company has a market capitalization of $10.16 billion, a PE ratio of 12.87 and a beta of 1.01. The stock’s 50-day moving average price is $42.42 and its 200-day moving average price is $42.28.
XL Group (NYSE:XL) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.78 billion. XL Group had a net margin of 7.53% and a return on equity of 4.88%. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, equities analysts predict that XL Group will post $3.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.24%. XL Group’s payout ratio is currently 28.57%.
XL has been the topic of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $50.00 price objective (up from $46.00) on shares of XL Group in a research note on Friday, July 7th. Barclays PLC reiterated an “overweight” rating and set a $51.00 price objective (up from $46.00) on shares of XL Group in a research note on Monday, July 3rd. Citigroup Inc. increased their price objective on shares of XL Group from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. J P Morgan Chase & Co upgraded shares of XL Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $45.00 to $52.00 in a research note on Friday, July 28th. Finally, Buckingham Research began coverage on shares of XL Group in a research note on Monday, September 11th. They issued a “neutral” rating and a $42.00 target price for the company. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. XL Group has a consensus rating of “Hold” and an average target price of $46.00.
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In other XL Group news, Director Joseph Mauriello sold 3,043 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $44.55, for a total transaction of $135,565.65. Following the completion of the transaction, the director now owns 55,008 shares in the company, valued at approximately $2,450,606.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.02% of the stock is currently owned by corporate insiders.
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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