XL Group Ltd. (NYSE:XL) had its price target reduced by Citigroup Inc. from $43.00 to $41.00 in a research note released on Monday. Citigroup Inc. currently has a neutral rating on the insurance provider’s stock.

XL has been the subject of several other research reports. BidaskClub cut shares of XL Group from a buy rating to a hold rating in a research report on Wednesday, August 23rd. ValuEngine upgraded shares of XL Group from a hold rating to a buy rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co upgraded shares of XL Group from a neutral rating to an overweight rating and upped their target price for the company from $45.00 to $52.00 in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a buy rating and set a $53.00 target price on shares of XL Group in a research report on Tuesday, August 29th. Finally, Zacks Investment Research upgraded shares of XL Group from a sell rating to a hold rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $45.73.

XL Group (NYSE XL) opened at 39.54 on Monday. XL Group has a 12 month low of $33.22 and a 12 month high of $47.27. The firm has a market capitalization of $10.20 billion, a PE ratio of 12.93 and a beta of 1.00. The stock’s 50 day moving average price is $40.32 and its 200 day moving average price is $42.17.

XL Group (NYSE:XL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. XL Group had a net margin of 7.53% and a return on equity of 4.88%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the company posted $0.37 EPS. Equities research analysts expect that XL Group will post $1.75 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, September 14th. XL Group’s dividend payout ratio is currently 28.57%.

In related news, Director Joseph Mauriello sold 3,043 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $44.55, for a total value of $135,565.65. Following the completion of the sale, the director now owns 55,008 shares in the company, valued at approximately $2,450,606.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.02% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. USA Financial Portformulas Corp bought a new stake in shares of XL Group in the 2nd quarter valued at $3,574,000. Toronto Dominion Bank increased its position in shares of XL Group by 23.8% in the 2nd quarter. Toronto Dominion Bank now owns 88,610 shares of the insurance provider’s stock valued at $3,881,000 after buying an additional 17,030 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of XL Group in the 2nd quarter valued at $937,000. Koch Industries Inc. bought a new stake in shares of XL Group in the 2nd quarter valued at $304,000. Finally, Nomura Holdings Inc. increased its position in shares of XL Group by 114.1% in the 2nd quarter. Nomura Holdings Inc. now owns 37,848 shares of the insurance provider’s stock valued at $1,659,000 after buying an additional 20,174 shares in the last quarter. Institutional investors and hedge funds own 95.26% 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).

Analyst Recommendations for XL Group (NYSE:XL)

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