XL Group Ltd. (NYSE:XL) had its target price cut by Barclays PLC from $51.00 to $47.00 in a research report released on Monday. They currently have an overweight rating on the insurance provider’s stock.

A number of other research firms also recently commented on XL. BidaskClub downgraded XL Group from a buy rating to a hold rating in a report on Wednesday, August 23rd. Citigroup Inc. cut their price objective on XL Group from $43.00 to $41.00 and set a neutral rating on the stock in a report on Monday, October 2nd. UBS AG cut their price objective on XL Group from $46.00 to $44.00 and set a buy rating on the stock in a report on Monday, October 2nd. Bank of America Corporation cut their price objective on XL Group from $49.00 to $47.00 and set a buy rating on the stock in a report on Thursday, October 12th. Finally, ValuEngine upgraded XL Group from a hold rating to a buy rating in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. XL Group has an average rating of Hold and an average price target of $45.33.

Shares of XL Group (XL) opened at 41.64 on Monday. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 13.62 and a beta of 1.00. The company has a 50-day moving average of $39.62 and a 200 day moving average of $42.20. XL Group has a one year low of $33.22 and a one year high of $47.27.

XL Group (NYSE:XL) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. XL Group had a return on equity of 4.88% and a net margin of 7.53%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the company earned $0.37 EPS. Equities research analysts forecast that XL Group will post ($1.29) earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.11%. XL Group’s payout ratio is currently 28.57%.

In related news, Director Joseph Mauriello sold 3,043 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $44.55, for a total transaction of $135,565.65. Following the sale, the director now directly owns 55,008 shares in the company, valued at approximately $2,450,606.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.02% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Bank of Nova Scotia raised its holdings in shares of XL Group by 0.9% during the 1st quarter. Bank of Nova Scotia now owns 6,275 shares of the insurance provider’s stock valued at $250,000 after buying an additional 54 shares during the period. Mackenzie Financial Corp raised its holdings in shares of XL Group by 0.9% during the 1st quarter. Mackenzie Financial Corp now owns 8,881 shares of the insurance provider’s stock valued at $354,000 after buying an additional 79 shares during the period. DnB Asset Management AS raised its holdings in shares of XL Group by 0.7% during the 2nd quarter. DnB Asset Management AS now owns 30,810 shares of the insurance provider’s stock valued at $1,349,000 after buying an additional 200 shares during the period. Great Lakes Advisors LLC raised its holdings in shares of XL Group by 1.4% during the 2nd quarter. Great Lakes Advisors LLC now owns 23,238 shares of the insurance provider’s stock valued at $1,018,000 after buying an additional 327 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of XL Group by 4.4% during the 2nd quarter. HighTower Advisors LLC now owns 8,708 shares of the insurance provider’s stock valued at $382,000 after buying an additional 370 shares during the period. 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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