XL Group Ltd. (XL) Set to Announce Quarterly Earnings on Wednesday
XL Group Ltd. (NYSE:XL) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.90 per share for the quarter.
XL Group (NYSE:XL) last posted its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. XL Group had a return on equity of 3.71% and a net margin of 5.25%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. XL Group’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect XL Group to post $3.21 EPS for the current fiscal year and $4.02 EPS for the next fiscal year.
XL Group Ltd. (NYSE:XL) opened at 45.75 on Wednesday. The company has a 50-day moving average price of $42.95 and a 200 day moving average price of $40.32. The stock has a market cap of $11.96 billion, a P/E ratio of 22.00 and a beta of 1.02. XL Group Ltd. has a 1-year low of $31.97 and a 1-year high of $45.89.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, June 13th. XL Group’s dividend payout ratio is presently 42.11%.
In other XL Group news, General Counsel Gould Kirstin Romann sold 75,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $42.56, for a total transaction of $3,192,000.00. Following the transaction, the general counsel now directly owns 162,298 shares of the company’s stock, valued at $6,907,402.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider W Myron Hendry sold 85,050 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $42.12, for a total transaction of $3,582,306.00. Following the completion of the sale, the insider now owns 57,525 shares of the company’s stock, valued at $2,422,953. The disclosure for this sale can be found here. Insiders sold a total of 180,250 shares of company stock worth $7,631,446 over the last ninety days. Insiders own 2.59% of the company’s stock.
XL has been the topic of several recent analyst reports. Citigroup Inc. raised their price objective on shares of XL Group from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, July 13th. BidaskClub upgraded shares of XL Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price target on shares of XL Group in a report on Wednesday, July 12th. Morgan Stanley boosted their target price on shares of XL Group from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, April 28th. Finally, Zacks Investment Research downgraded shares of XL Group from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $43.50.
XL Group Company Profile
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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