XL Group Ltd. (NYSE:XL) – Analysts at Langen Mcalenn increased their Q3 2017 earnings per share estimates for XL Group in a note issued to investors on Wednesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings of $0.82 per share for the quarter, up from their previous estimate of $0.72. Langen Mcalenn also issued estimates for XL Group’s Q4 2017 earnings at $1.11 EPS, Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $1.12 EPS and FY2018 earnings at $3.85 EPS.
Several other brokerages have also recently issued reports on XL. Deutsche Bank AG increased their price target on shares of XL Group from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Barclays PLC reissued an “overweight” rating and set a $51.00 price target (up previously from $46.00) on shares of XL Group in a research report on Monday, July 3rd. Citigroup Inc. increased their price target on shares of XL Group from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, April 7th. BidaskClub raised shares of XL Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada increased their price target on shares of XL Group from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.11.
Shares of XL Group (NYSE XL) opened at 43.40 on Friday. XL Group has a 52 week low of $32.81 and a 52 week high of $47.27. The stock has a 50 day moving average of $44.38 and a 200-day moving average of $41.38. The stock has a market capitalization of $11.35 billion, a PE ratio of 20.87 and a beta of 1.02.
XL Group (NYSE:XL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.78 billion. XL Group had a net margin of 5.25% and a return on equity of 3.71%. During the same period in the prior year, the company posted $0.37 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.03%. XL Group’s payout ratio is 28.57%.
In other XL Group news, insider Charles F.A. Cooper sold 18,500 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $42.33, for a total value of $783,105.00. Following the transaction, the insider now directly owns 110,096 shares in the company, valued at $4,660,363.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider W Myron Hendry sold 85,050 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $42.12, for a total transaction of $3,582,306.00. Following the completion of the transaction, the insider now owns 57,525 shares in the company, valued at $2,422,953. The disclosure for this sale can be found here. Insiders have sold 180,250 shares of company stock worth $7,631,446 over the last 90 days. Insiders own 2.59% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of XL Group by 3,113.6% in the first quarter. BlackRock Inc. now owns 18,899,779 shares of the insurance provider’s stock valued at $753,345,000 after buying an additional 18,311,662 shares in the last quarter. FIL Ltd raised its position in shares of XL Group by 89.9% in the first quarter. FIL Ltd now owns 6,788,978 shares of the insurance provider’s stock valued at $270,609,000 after buying an additional 3,214,457 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of XL Group by 5,927.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 939,043 shares of the insurance provider’s stock valued at $37,430,000 after buying an additional 923,464 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of XL Group by 100.7% in the first quarter. OppenheimerFunds Inc. now owns 1,795,831 shares of the insurance provider’s stock valued at $71,582,000 after buying an additional 901,177 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its position in shares of XL Group by 4,962.0% in the second quarter. Rothschild Asset Management Inc. now owns 580,261 shares of the insurance provider’s stock valued at $25,416,000 after buying an additional 568,798 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.
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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