XL Group PLC Declares Quarterly Dividend of $0.14 (XL)
XL Group PLC (NYSE:XL) announced a quarterly dividend on Friday, October 25th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, December 13th will be paid a dividend of $0.14 per share on Tuesday, December 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.75%.
A number of analysts have recently weighed in on XL shares. Analysts at Evercore Partners upgraded shares of XL Group PLC from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, October 7th. On the ratings front, analysts at Guggenheim initiated coverage on shares of XL Group PLC in a research note to investors on Wednesday, September 18th. They set a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of XL Group PLC from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 22nd. They now have a $32.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. XL Group PLC presently has an average rating of “Buy” and an average target price of $34.00.
XL Group PLC (NYSE:XL) opened at 31.95 on Friday. XL Group PLC has a 52 week low of $23.15 and a 52 week high of $33.12. The stock has a 50-day moving average of $30.74 and a 200-day moving average of $30.91. The company has a market cap of $9.144 billion and a P/E ratio of 10.96.
XL Group PLC (NYSE:XL) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.14. During the same quarter in the prior year, the company posted $0.71 earnings per share.
XL Group plc, through its subsidiaries, is a global insurance and reinsurance company engaged in providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis.
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