Swiss National Bank decreased its position in XL Group Ltd. (NYSE:XL) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 955,741 shares of the insurance provider’s stock after selling 10,400 shares during the period. Swiss National Bank’s holdings in XL Group were worth $33,604,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new position in XL Group in the 4th quarter worth about $110,000. Advisor Group Inc. raised its position in XL Group by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock worth $180,000 after buying an additional 747 shares during the last quarter. Synovus Financial Corp purchased a new position in XL Group in the 3rd quarter worth about $217,000. Stephens Inc. AR purchased a new position in XL Group in the 4th quarter worth about $223,000. Finally, Achmea Investment Management B.V. purchased a new position in XL Group in the 3rd quarter worth about $227,000. Institutional investors own 98.97% of the company’s stock.
A number of equities analysts have weighed in on XL shares. Citigroup boosted their target price on XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Zacks Investment Research lowered XL Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 13th. Deutsche Bank raised shares of XL Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of XL Group in a research report on Friday, December 8th. Finally, ValuEngine lowered shares of XL Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.67.
In related news, CFO Stephen Robb sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Kcb Vereker sold 2,697 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $36.59, for a total transaction of $98,683.23. Following the completion of the sale, the director now directly owns 66,455 shares of the company’s stock, valued at $2,431,588.45. The disclosure for this sale can be found here. Insiders sold a total of 112,697 shares of company stock valued at $4,493,383 over the last three months. 3.02% of the stock is currently owned by insiders.
Shares of XL Group Ltd. (NYSE XL) opened at $43.80 on Friday. XL Group Ltd. has a 52-week low of $33.77 and a 52-week high of $47.27. The company has a market cap of $11,040.00, a PE ratio of -20.28, a PEG ratio of 1.30 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.08.
XL Group (NYSE:XL) last released its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The firm had revenue of $2.91 billion during 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 quarter in the prior year, the firm earned $0.47 EPS. sell-side analysts expect that XL Group Ltd. will post 3.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.01%. XL Group’s dividend payout ratio is -40.74%.
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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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