XL Group PLC (NYSE:XL) has received an average recommendation of “Hold” from the fifteen analysts that are covering the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $39.78.
XL has been the subject of several recent research reports. Macquarie boosted their price target on XL Group PLC from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, August 29th. Bank of America Corp. reiterated a “buy” rating and issued a $44.00 price target on shares of XL Group PLC in a research note on Thursday, July 14th. TheStreet upgraded XL Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. Credit Suisse Group AG reiterated a “hold” rating and issued a $37.00 price target on shares of XL Group PLC in a research note on Monday, September 12th. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of XL Group PLC in a research note on Tuesday, June 21st.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its stake in shares of XL Group PLC by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,045 shares of the company’s stock valued at $101,000 after buying an additional 33 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of XL Group PLC by 125.6% in the second quarter. Global X Management Co. LLC now owns 3,441 shares of the company’s stock valued at $115,000 after buying an additional 1,916 shares in the last quarter. Seven Eight Capital LLC acquired a new stake in shares of XL Group PLC during the second quarter valued at $133,000. Mizuho Asset Management Co. Ltd. boosted its stake in shares of XL Group PLC by 178.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,392 shares of the company’s stock valued at $146,000 after buying an additional 2,812 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of XL Group PLC by 360.5% in the second quarter. Advisors Asset Management Inc. now owns 6,447 shares of the company’s stock valued at $215,000 after buying an additional 5,047 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.
XL Group PLC (NYSE:XL) opened at 33.99 on Tuesday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 31.36 and a beta of 1.08. The firm has a 50-day moving average price of $33.98 and a 200-day moving average price of $34.01. XL Group PLC has a 12 month low of $30.33 and a 12 month high of $40.48.
XL Group PLC (NYSE:XL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.23. The business earned $2.72 billion during the quarter, compared to analysts’ expectations of $2.40 billion. XL Group PLC had a return on equity of 3.47% and a net margin of 3.12%. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 earnings per share. On average, equities analysts anticipate that XL Group PLC will post $1.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.35%. XL Group PLC’s dividend payout ratio (DPR) is presently 74.77%.
About XL Group PLC
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).
Receive News & Ratings for XL Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XL Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.