XL Group plc Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:XL)
XL Group plc (NYSE:XL) has been given an average rating of “Hold” by the ten ratings firms that are currently covering the stock, American Banking News reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $35.38.
A number of analysts have recently weighed in on XL shares. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of XL Group plc in a research note on Wednesday, July 30th. They now have a $32.00 price target on the stock, up previously from $31.00. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of XL Group plc in a research note on Tuesday, July 29th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of XL Group plc in a research note on Tuesday, July 29th. They now have a $35.00 price target on the stock.
Shares of XL Group plc (NYSE:XL) opened at 32.03 on Friday. XL Group plc has a 1-year low of $27.79 and a 1-year high of $35.52. The stock has a 50-day moving average of $33.07 and a 200-day moving average of $31.45. The company has a market cap of $8.678 billion and a P/E ratio of 21.78.
XL Group plc (NYSE:XL) last released its earnings data on Monday, July 28th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.19. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that XL Group plc will post $3.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, September 11th.
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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