XL Group Ltd (XL) Receives $48.43 Consensus PT from Brokerages

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XL Group Ltd (NYSE:XL) has earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $48.43.

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

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of XL Group by 3.7% in the second quarter. BlackRock Inc. now owns 18,693,884 shares of the insurance provider’s stock valued at $1,045,922,000 after buying an additional 664,407 shares in the last quarter. Millennium Management LLC increased its position in shares of XL Group by 110.6% in the second quarter. Millennium Management LLC now owns 3,396,349 shares of the insurance provider’s stock valued at $190,026,000 after buying an additional 1,783,715 shares in the last quarter. Northern Trust Corp increased its position in shares of XL Group by 1.7% in the second quarter. Northern Trust Corp now owns 3,111,263 shares of the insurance provider’s stock valued at $174,075,000 after buying an additional 51,618 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in shares of XL Group in the second quarter valued at $142,682,000. Finally, Omni Partners LLP increased its position in shares of XL Group by 82.2% in the second quarter. Omni Partners LLP now owns 1,979,418 shares of the insurance provider’s stock valued at $110,748,000 after buying an additional 893,152 shares in the last quarter. Institutional investors and hedge funds own 78.52% of the company’s stock.

NYSE:XL opened at $57.59 on Wednesday. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of -28.65, a price-to-earnings-growth ratio of 1.92 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.39 and a quick ratio of 0.39. XL Group has a 1 year low of $33.77 and a 1 year high of $57.60.

XL Group (NYSE:XL) last released its quarterly earnings data on Tuesday, July 31st. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 return on equity of 4.21% and a negative net margin of 4.67%. As a group, sell-side analysts anticipate that XL Group will post 3.33 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, September 13th. XL Group’s dividend payout ratio is currently -43.78%.

XL Group Company Profile

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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