Several other research analysts have also commented on the company. Keefe, Bruyette & Woods lowered XL Group from an outperform rating to a market perform rating in a report on Thursday, March 8th. Sandler O’Neill reissued a hold rating and set a $43.00 price objective on shares of XL Group in a research report on Friday, March 2nd. ValuEngine raised XL Group from a sell rating to a hold rating in a research report on Thursday, March 1st. TheStreet raised XL Group from a c+ rating to a b- rating in a research report on Monday, February 26th. Finally, Barclays reissued an overweight rating and set a $50.00 price objective (up from $42.00) on shares of XL Group in a research report on Tuesday, February 20th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $46.72.
XL Group (NYSE:XL) opened at $55.56 on Friday. XL Group has a fifty-two week low of $33.77 and a fifty-two week high of $56.39. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $14,350.00, a price-to-earnings ratio of -25.72, a PEG ratio of 1.67 and a beta of 0.75.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, March 14th. XL Group’s dividend payout ratio is currently -40.74%.
In other XL Group news, General Counsel Gould Kirstin Romann sold 62,290 shares of XL Group stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.09, for a total value of $2,684,076.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen Robb sold 20,000 shares of XL Group stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,290 shares of company stock valued at $7,078,776. 3.02% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new position in shares of XL Group during the fourth quarter worth about $110,000. Earnest Partners LLC acquired a new position in shares of XL Group during the fourth quarter worth about $150,000. NuWave Investment Management LLC acquired a new position in shares of XL Group during the fourth quarter worth about $163,000. Advisor Group Inc. grew its position in shares of XL Group by 28.0% during the fourth quarter. Advisor Group Inc. now owns 5,257 shares of the insurance provider’s stock worth $185,000 after buying an additional 1,150 shares in the last quarter. Finally, Synovus Financial Corp acquired a new position in shares of XL Group during the third quarter worth about $217,000. 98.97% of the stock is owned by institutional investors.
About XL Group
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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