XL Group plc (XL) Releases Quarterly Earnings, Beats Estimates By $0.11 EPS
XL Group plc (NYSE:XL) released its earnings data on Thursday. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.11, Stock Ratings Network.com reports.
Shares of XL Group plc (NYSE:XL) traded up 1.28% on Thursday, hitting $31.75. The stock had a trading volume of 1,856,014 shares. XL Group plc has a 52 week low of $27.79 and a 52 week high of $33.12. The stock’s 50-day moving average is $30.88 and its 200-day moving average is $30.58. The company has a market cap of $8.765 billion and a price-to-earnings ratio of 8.64.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, June 11th.
XL has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of XL Group plc in a research note on Tuesday, April 15th. They now have a $28.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of XL Group plc in a research note on Friday, April 4th. They now have a $33.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. XL Group plc has an average rating of “Hold” and an average target price of $33.92.
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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