XL Group Ltd (NYSE:XL) has been given an average rating of “Hold” by the fifteen brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $47.45.

Separately, Zacks Investment Research upgraded XL Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 17th.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in XL Group by 10.8% during the 1st quarter. SG Americas Securities LLC now owns 81,509 shares of the insurance provider’s stock worth $4,504,000 after purchasing an additional 7,944 shares during the period. Zeke Capital Advisors LLC purchased a new stake in XL Group during the 1st quarter worth about $317,000. Aperio Group LLC increased its holdings in XL Group by 11.0% during the 1st quarter. Aperio Group LLC now owns 166,035 shares of the insurance provider’s stock worth $9,175,000 after purchasing an additional 16,455 shares during the period. Gabelli Funds LLC purchased a new stake in XL Group during the 1st quarter worth about $45,402,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in XL Group during the 1st quarter worth about $18,034,000. Hedge funds and other institutional investors own 78.15% of the company’s stock.

NYSE:XL opened at $57.12 on Tuesday. XL Group has a 52 week low of $33.77 and a 52 week high of $57.24. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of -28.42, a price-to-earnings-growth ratio of 1.90 and a beta of 0.45.

XL Group (NYSE:XL) last posted its earnings results on Tuesday, July 31st. The insurance provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.06). The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.90 billion. XL Group had a negative net margin of 4.67% and a negative return on equity of 4.21%. research analysts predict that XL Group will post 3.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.54%. XL Group’s dividend payout ratio is presently -43.78%.

About XL Group

XL Group Ltd, through its subsidiaries, operates as an insurance and reinsurance company worldwide. The company's Insurance segment offers primary and excess casualty, environmental liability, professional liability, property, excess and surplus lines, U.S. program/facilities, and construction business products.

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Analyst Recommendations for XL Group (NYSE:XL)

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