Sit Investment Associates Inc. increased its stake in shares of XL Group Ltd. (NYSE:XL) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,500 shares of the insurance provider’s stock after purchasing an additional 3,045 shares during the quarter. Sit Investment Associates Inc.’s holdings in XL Group were worth $967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XL. AJO LP bought a new position in XL Group in the 2nd quarter valued at $2,111,000. TIAA CREF Investment Management LLC grew its position in XL Group by 30.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 879,451 shares of the insurance provider’s stock valued at $38,520,000 after acquiring an additional 207,094 shares during the last quarter. Ameriprise Financial Inc. grew its position in XL Group by 122.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,042,682 shares of the insurance provider’s stock valued at $45,668,000 after acquiring an additional 574,914 shares during the last quarter. Amalgamated Bank grew its position in XL Group by 53.6% in the 2nd quarter. Amalgamated Bank now owns 29,288 shares of the insurance provider’s stock valued at $1,283,000 after acquiring an additional 10,223 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in XL Group in the 2nd quarter valued at $893,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

XL Group Ltd. (XL) opened at $35.49 on Tuesday. XL Group Ltd. has a 12-month low of $33.77 and a 12-month high of $47.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $9,085.97, a price-to-earnings ratio of -28.85, a PEG ratio of 1.09 and a beta of 1.00.

XL Group (NYSE:XL) last posted its quarterly earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the company posted $0.44 EPS. XL Group’s quarterly revenue was up 9.0% compared to the same quarter last year. research analysts forecast that XL Group Ltd. will post -1.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, December 14th. XL Group’s payout ratio is -71.54%.

XL has been the topic of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $50.00 price objective on shares of XL Group in a research report on Thursday, September 21st. UBS Group cut their price objective on XL Group from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, September 19th. Bank of America cut their price objective on XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. ValuEngine raised XL Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 price objective on shares of XL Group in a research report on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $44.50.

In other news, Director John Kcb Vereker sold 2,697 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $36.59, for a total transaction of $98,683.23. Following the transaction, the director now owns 66,455 shares of the company’s stock, valued at approximately $2,431,588.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.02% of the stock is currently owned by corporate insiders.

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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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