Deutsche Bank AG grew its stake in shares of XL Group Ltd. (NYSE:XL) by 43.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 747,772 shares of the insurance provider’s stock after buying an additional 225,636 shares during the period. Deutsche Bank AG owned approximately 0.29% of XL Group worth $26,288,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in XL. Prudential Financial Inc. raised its position in shares of XL Group by 4.2% during the third quarter. Prudential Financial Inc. now owns 368,964 shares of the insurance provider’s stock valued at $14,556,000 after buying an additional 14,893 shares during the last quarter. Toronto Dominion Bank raised its position in XL Group by 10.6% in the third quarter. Toronto Dominion Bank now owns 97,993 shares of the insurance provider’s stock worth $3,866,000 after purchasing an additional 9,383 shares in the last quarter. SG Americas Securities LLC raised its position in XL Group by 349.6% in the third quarter. SG Americas Securities LLC now owns 77,899 shares of the insurance provider’s stock worth $3,073,000 after purchasing an additional 60,571 shares in the last quarter. Ameriprise Financial Inc. raised its position in XL Group by 36.6% in the third quarter. Ameriprise Financial Inc. now owns 1,424,240 shares of the insurance provider’s stock worth $56,198,000 after purchasing an additional 381,558 shares in the last quarter. Finally, ING Groep NV acquired a new position in XL Group in the third quarter worth about $375,000. 98.97% of the stock is owned by institutional investors and hedge funds.
XL has been the topic of several research analyst reports. JMP Securities cut shares of XL Group from an “outperform” rating to a “market perform” rating in a research note on Monday, March 12th. Zacks Investment Research lowered shares of XL Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 13th. Deutsche Bank upgraded shares of XL Group from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Barclays lowered shares of XL Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $50.00 to $58.00 in a report on Monday, April 2nd. Finally, Keefe, Bruyette & Woods lowered shares of XL Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 8th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. XL Group presently has a consensus rating of “Hold” and an average price target of $47.38.
Shares of NYSE:XL traded up $0.03 during midday trading on Thursday, hitting $55.39. The stock had a trading volume of 2,881,531 shares, compared to its average volume of 6,120,263. The stock has a market capitalization of $14,181.72, a PE ratio of -27.57, a PEG ratio of 1.68 and a beta of 0.48. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.28. XL Group Ltd. has a fifty-two week low of $33.77 and a fifty-two week high of $56.39.
XL Group (NYSE:XL) last posted its earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. XL Group had a negative net margin of 4.95% and a negative return on equity of 4.25%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the firm posted $0.47 EPS. research analysts predict that XL Group Ltd. will post 3.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Wednesday, March 14th. XL Group’s dividend payout ratio is currently -43.78%.
In other XL Group news, General Counsel Gould Kirstin Romann sold 62,290 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.09, for a total transaction of $2,684,076.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Lee Cross sold 70,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $40.21, for a total transaction of $2,814,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,290 shares of company stock worth $7,078,776. Insiders own 3.02% of the company’s stock.
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XL Group Company 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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