Tudor Investment Corp ET AL lessened its stake in shares of XL Group Ltd. (NYSE:XL) by 70.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,855 shares of the insurance provider’s stock after selling 21,083 shares during the period. Tudor Investment Corp ET AL’s holdings in XL Group were worth $388,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. HighTower Advisors LLC grew its holdings in XL Group by 4.4% during 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 during the last quarter. Stifel Financial Corp grew its holdings in XL Group by 2.8% during 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 during the last quarter. Numeric Investors LLC grew its holdings in XL Group by 108.0% during the second quarter. Numeric Investors LLC now owns 1,448,295 shares of the insurance provider’s stock valued at $63,435,000 after purchasing an additional 752,100 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in XL Group by 0.4% during the second quarter. Brandywine Global Investment Management LLC now owns 238,727 shares of the insurance provider’s stock valued at $10,457,000 after purchasing an additional 906 shares during the last quarter. Finally, Hancock Holding Co. acquired a new position in XL Group during the second quarter valued at approximately $1,219,000. Institutional investors own 95.26% of the company’s stock.
In other XL Group news, Director Joseph Mauriello sold 3,043 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $44.55, for a total value of $135,565.65. Following the transaction, the director now directly owns 55,008 shares of the company’s stock, valued at approximately $2,450,606.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.02% of the company’s stock.
XL Group Ltd. (XL) opened at 40.67 on Friday. The company has a 50-day moving average price of $39.74 and a 200 day moving average price of $42.16. The company has a market capitalization of $10.49 billion, a PE ratio of 13.30 and a beta of 1.00. XL Group Ltd. has a 12 month low of $33.22 and a 12 month high of $47.27.
XL Group (NYSE:XL) last issued its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.96 EPS for the quarter, beating 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 in the prior year, the firm posted $0.37 EPS. On average, equities research analysts forecast that XL Group Ltd. will post $0.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, September 14th. XL Group’s dividend payout ratio is 28.57%.
Several equities analysts have commented on XL shares. Bank of America Corporation lowered their price target on XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday. UBS AG lowered their price target on XL Group from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $50.00 price target on shares of XL Group in a report on Thursday, September 21st. BidaskClub downgraded XL Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Buckingham Research initiated coverage on XL Group in a report on Monday, September 11th. They set a “neutral” rating and a $42.00 price target on the stock. 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 company. The stock has an average rating of “Hold” and an average price target of $45.83.
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XL Group 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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