Janus Henderson Group PLC lifted its holdings in shares of XL Group Ltd. (NYSE:XL) by 45.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,071,040 shares of the insurance provider’s stock after acquiring an additional 1,577,318 shares during the quarter. Janus Henderson Group PLC owned about 1.98% of XL Group worth $200,052,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in XL Group by 49.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,557,080 shares of the insurance provider’s stock worth $140,317,000 after buying an additional 1,173,380 shares in the last quarter. Boston Partners lifted its holdings in XL Group by 25.8% in the 3rd quarter. Boston Partners now owns 5,597,711 shares of the insurance provider’s stock worth $220,830,000 after buying an additional 1,148,252 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in XL Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,783,932 shares of the insurance provider’s stock worth $343,540,000 after buying an additional 925,470 shares in the last quarter. Numeric Investors LLC lifted its holdings in XL Group by 108.0% in the 2nd quarter. Numeric Investors LLC now owns 1,448,295 shares of the insurance provider’s stock worth $63,435,000 after buying an additional 752,100 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in XL Group by 192.2% in the 3rd quarter. Wells Fargo & Company MN now owns 933,384 shares of the insurance provider’s stock worth $36,824,000 after buying an additional 613,944 shares in the last quarter. Institutional investors and hedge funds own 99.06% of the company’s stock.
A number of equities analysts have commented on XL shares. Deutsche Bank lowered shares of XL Group from a “hold” rating to a “sell” rating and cut their price objective for the stock from $42.00 to $37.00 in a report on Friday, October 13th. Bank of America cut their price objective on shares of XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, October 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of XL Group in a report on Tuesday, August 29th. Credit Suisse Group boosted their price objective on shares of XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, ValuEngine lowered shares of XL Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. XL Group has an average rating of “Hold” and an average price target of $44.92.
XL Group Ltd. (NYSE XL) traded up $0.14 on Monday, hitting $36.87. 2,030,900 shares of the stock traded hands, compared to its average volume of 1,938,271. XL Group Ltd. has a one year low of $36.02 and a one year 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 released its earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.91) by ($0.09). The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.11 billion. XL Group had a negative return on equity of 4.03% and a negative net margin of 2.51%. XL Group’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. equities analysts expect that XL Group Ltd. will post -1.47 EPS 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 given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, December 14th. XL Group’s payout ratio is currently -71.54%.
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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