Analysts Set XL Group PLC (XL) Target Price at $39.78
Shares of XL Group PLC (NYSE:XL) have earned a consensus rating of “Hold” from the fifteen brokerages that are covering the stock. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $39.78.
Several research firms have recently issued reports on XL. Langen Mcalenn downgraded shares of XL Group PLC from a “buy” rating to a “neutral” rating in a research note on Monday, September 12th. TheStreet upgraded shares of XL Group PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, September 6th. Credit Suisse Group AG reiterated a “hold” rating and set a $37.00 price objective on shares of XL Group PLC in a research report on Monday, September 12th. Deutsche Bank AG increased their price objective on shares of XL Group PLC from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Finally, Macquarie increased their price objective on shares of XL Group PLC from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, August 29th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC raised 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 worth $101,000 after buying an additional 33 shares during the period. Global X Management Co. LLC raised its position in 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 acquired a new position in XL Group PLC during the second quarter worth $133,000. Mizuho Asset Management Co. Ltd. raised its position in 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, Canada Pension Plan Investment Board raised its position in XL Group PLC by 1,358.0% in the third quarter. Canada Pension Plan Investment Board now owns 4,724 shares of the company’s stock worth $159,000 after buying an additional 4,400 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of XL Group PLC (NYSE:XL) opened at 38.08 on Tuesday. The company has a 50 day moving average of $34.34 and a 200-day moving average of $33.72. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 30.03 and a beta of 0.97. XL Group PLC has a one year low of $30.33 and a one year high of $40.48.
XL Group PLC (NYSE:XL) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The firm earned $2.13 billion during the quarter, compared to the consensus estimate of $2.46 billion. XL Group PLC had a net margin of 3.55% and a return on equity of 3.86%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. On average, analysts expect that XL Group PLC will post $1.73 EPS for the current year.
The firm also recently disclosed a special dividend, which will be paid on Monday, January 2nd. Shareholders of record on Thursday, December 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. XL Group PLC’s dividend payout ratio (DPR) is 65.04%.
XL Group PLC 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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