AMP Capital Investors Ltd boosted its position in XL Group Ltd. (NYSE:XL) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 234,187 shares of the insurance provider’s stock after purchasing an additional 14,452 shares during the quarter. AMP Capital Investors Ltd owned about 0.09% of XL Group worth $9,240,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. increased its stake in shares of XL Group by 2.1% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 23,777 shares of the insurance provider’s stock worth $1,041,000 after acquiring an additional 486 shares during the last quarter. IFP Advisors Inc increased its stake in shares of XL Group by 19.9% in the 2nd quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 384 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of XL Group by 27.0% in the 2nd quarter. Global X Management Co. LLC now owns 11,654 shares of the insurance provider’s stock worth $510,000 after acquiring an additional 2,476 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of XL Group by 5.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 932,921 shares of the insurance provider’s stock worth $40,862,000 after acquiring an additional 47,093 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of XL Group by 12.8% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 48,547 shares of the insurance provider’s stock worth $2,126,000 after acquiring an additional 5,515 shares during the last quarter. 99.06% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on XL. Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 target price on shares of XL Group in a research note on Friday. ValuEngine downgraded XL Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research raised XL Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 28th. B. Riley reaffirmed a “neutral” rating on shares of XL Group in a research note on Monday, November 6th. Finally, Citigroup raised their target price on XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $44.92.
XL Group Ltd. (NYSE:XL) traded down $0.05 during midday trading on Tuesday, hitting $36.82. The stock had a trading volume of 1,413,500 shares, compared to its average volume of 1,936,066. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.35 and a quick ratio of 0.35. XL Group Ltd. has a fifty-two week low of $36.02 and a fifty-two week high of $47.27.
XL Group (NYSE:XL) last released its quarterly earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.91) by ($0.09). The business 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 quarter in the prior year, the company posted $0.44 earnings per share. equities analysts expect that XL Group Ltd. will post -1.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, December 14th. XL Group’s dividend payout ratio is presently -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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