Xact Kapitalforvaltning AB increased its holdings in shares of XL Group Ltd (NYSE:XL) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,510 shares of the insurance provider’s stock after buying an additional 2,459 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in XL Group were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of XL. Earnest Partners LLC acquired a new stake in XL Group during the fourth quarter valued at $150,000. Advisor Group Inc. boosted its position in XL Group by 28.0% during the fourth quarter. Advisor Group Inc. now owns 5,257 shares of the insurance provider’s stock valued at $185,000 after purchasing an additional 1,150 shares during the last quarter. King Luther Capital Management Corp acquired a new stake in XL Group during the fourth quarter valued at $211,000. ETRADE Capital Management LLC acquired a new stake in XL Group during the fourth quarter valued at $220,000. Finally, Holderness Investments Co. acquired a new stake in XL Group during the fourth quarter valued at $229,000. Institutional investors and hedge funds own 83.01% of the company’s stock.
A number of analysts recently issued reports on XL shares. TheStreet raised XL Group from a “c+” rating to a “b-” rating in a research report on Monday, February 26th. ValuEngine raised XL Group from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Barclays cut XL Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $58.00 in a research report on Monday, April 2nd. 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. Finally, Keefe, Bruyette & Woods cut XL Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $47.38.
Shares of NYSE:XL opened at $56.11 on Tuesday. XL Group Ltd has a fifty-two week low of $33.77 and a fifty-two week high of $56.49. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of -27.92, a P/E/G ratio of 1.77 and a beta of 0.48. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29.
XL Group (NYSE:XL) last announced its quarterly earnings results on Wednesday, May 2nd. The insurance provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.15). XL Group had a negative return on equity of 3.75% and a negative net margin of 4.92%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the firm earned $0.50 EPS. analysts predict that XL Group Ltd will post 3.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.57%. XL Group’s dividend payout ratio is currently -43.78%.
About XL Group
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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