Xact Kapitalforvaltning AB lifted its position in XL Group Ltd. (NYSE:XL) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,051 shares of the insurance provider’s stock after purchasing an additional 2,154 shares during the period. Xact Kapitalforvaltning AB’s holdings in XL Group were worth $1,408,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. raised its stake in XL Group by 28.0% in 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. Caisse DE Depot ET Placement DU Quebec raised its stake in XL Group by 5.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 24,146 shares of the insurance provider’s stock worth $957,000 after buying an additional 1,300 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in XL Group by 8.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,978 shares of the insurance provider’s stock worth $828,000 after buying an additional 1,555 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in XL Group by 3.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 51,913 shares of the insurance provider’s stock worth $1,825,000 after buying an additional 1,603 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in XL Group by 3.0% in the third quarter. Commonwealth Bank of Australia now owns 57,698 shares of the insurance provider’s stock worth $2,273,000 after buying an additional 1,692 shares in the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.
A number of brokerages recently commented on XL. UBS downgraded shares of XL Group from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Monday, March 19th. JMP Securities downgraded shares of XL Group from an “outperform” rating to a “market perform” rating in a research note on Monday, March 12th. Citigroup boosted their price objective on shares of XL Group from $43.00 to $57.60 and gave the stock a “neutral” rating in a research note on Friday, March 9th. Keefe, Bruyette & Woods downgraded shares of XL Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 8th. Finally, Sandler O’Neill reissued a “hold” rating and issued a $43.00 price objective on shares of XL Group in a research note on Friday, March 2nd. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $46.72.
XL Group (NYSE:XL) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.73 billion. XL Group had a negative return on equity of 4.25% and a negative net margin of 4.95%. During the same period in the prior year, the firm posted $0.47 earnings per share. analysts predict that XL Group Ltd. will post 3.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, March 14th. XL Group’s payout ratio is presently -43.78%.
In other news, General Counsel Gould Kirstin Romann sold 62,290 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.09, for a total transaction of $2,684,076.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Susan Lee Cross sold 20,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $39.00, for a total value of $780,000.00. Following the transaction, the insider now directly owns 58,688 shares in the company, valued at $2,288,832. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 172,290 shares of company stock worth $7,078,776. Insiders own 3.02% of the company’s stock.
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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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