ING Groep NV bought a new stake in XL Group Ltd. (NYSE:XL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,516 shares of the insurance provider’s stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Great Lakes Advisors LLC raised its stake in XL Group by 1.4% in the second quarter. Great Lakes Advisors LLC now owns 23,238 shares of the insurance provider’s stock valued at $1,018,000 after purchasing an additional 327 shares in the last quarter. HighTower Advisors LLC raised its stake in XL Group by 4.4% in the second quarter. HighTower Advisors LLC now owns 8,708 shares of the insurance provider’s stock valued at $382,000 after purchasing an additional 370 shares in the last quarter. IFP Advisors Inc raised its stake in XL Group by 19.9% in the second quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 384 shares in the last quarter. Stifel Financial Corp raised its stake in XL Group by 2.8% in the second quarter. Stifel Financial Corp now owns 14,878 shares of the insurance provider’s stock valued at $650,000 after purchasing an additional 406 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of XL Group by 2.1% during the second quarter. Candriam Luxembourg S.C.A. now owns 23,777 shares of the insurance provider’s stock worth $1,041,000 after acquiring an additional 486 shares in the last quarter. 99.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of XL Group Ltd. (NYSE XL) traded down $0.37 during trading on Friday, hitting $38.45. 1,724,501 shares of the stock traded hands, compared to its average volume of 1,935,836. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28. XL Group Ltd. has a 1 year low of $35.77 and a 1 year high of $47.27.

XL Group (NYSE:XL) last issued its earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.91) by ($0.09). XL Group had a negative return on equity of 4.03% and a negative net margin of 2.51%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. analysts predict that XL Group Ltd. will post -1.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Thursday, December 14th. XL Group’s dividend payout ratio is -71.54%.

Several research firms have commented on XL. BidaskClub downgraded shares of XL Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Citigroup decreased their price target on shares of XL Group from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. UBS decreased their price target on shares of XL Group from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. Zacks Investment Research raised shares of XL Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, B. Riley reissued a “neutral” rating on shares of XL Group in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $45.50.

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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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Institutional Ownership by Quarter for XL Group (NYSE:XL)

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