XL Group plc Given Consensus Recommendation of “Hold” by Brokerages (NYSE:XL)
XL Group plc (NYSE:XL) has received a consensus rating of “Hold” from the ten analysts that are currently covering the company, Analyst Ratings Network.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $35.38.
XL Group plc (NYSE:XL) opened at 32.14 on Friday. XL Group plc has a 52 week low of $27.79 and a 52 week high of $35.52. The stock’s 50-day moving average is $33.04 and its 200-day moving average is $31.48. The company has a market cap of $8.533 billion and a P/E ratio of 21.90.
XL Group plc (NYSE:XL) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.03 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.93 earnings per share. XL Group plc’s revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that XL Group plc will post $3.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, September 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 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.