Brokerages Set XL Group PLC (NYSE:XL) PT at $39.78
XL Group PLC (NYSE:XL) has received an average rating of “Hold” from the fifteen analysts that are presently covering the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $39.78.
XL has been the topic of several recent research reports. Citigroup Inc. reaffirmed a “neutral” rating on shares of XL Group PLC in a research note on Tuesday, June 21st. Zacks Investment Research downgraded XL Group PLC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 29th. Bank of America Corp. reaffirmed a “buy” rating and issued a $44.00 price objective on shares of XL Group PLC in a research note on Thursday, July 14th. Deutsche Bank AG raised their price objective on XL Group PLC from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Finally, Credit Suisse Group AG set a $37.00 price objective on XL Group PLC and gave the stock a “hold” rating in a research note on Thursday, July 28th.
XL Group PLC (NYSE:XL) opened at 33.21 on Tuesday. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 30.64 and a beta of 1.08. XL Group PLC has a 12 month low of $30.33 and a 12 month high of $40.48. The stock has a 50 day moving average of $33.96 and a 200 day moving average of $34.03.
XL Group PLC (NYSE:XL) last announced its earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.23. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.40 billion. XL Group PLC had a return on equity of 3.47% and a net margin of 3.12%. The business’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. Equities analysts anticipate that XL Group PLC will post $1.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Tuesday, September 13th. XL Group PLC’s dividend payout ratio is presently 74.77%.
A number of institutional investors have recently added to or reduced their stakes in XL. Checchi Capital Advisers LLC boosted its position in XL Group PLC by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,045 shares of the company’s stock valued at $101,000 after buying an additional 33 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of XL Group PLC by 125.6% in the second quarter. Global X Management Co. LLC now owns 3,441 shares of the company’s stock worth $115,000 after buying an additional 1,916 shares during the period. Seven Eight Capital LLC bought a new position in shares of XL Group PLC during the second quarter worth approximately $133,000. Mizuho Asset Management Co. Ltd. boosted its position in shares of XL Group PLC by 178.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,392 shares of the company’s stock worth $146,000 after buying an additional 2,812 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of XL Group PLC by 360.5% in the second quarter. Advisors Asset Management Inc. now owns 6,447 shares of the company’s stock worth $215,000 after buying an additional 5,047 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.
About XL Group PLC
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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