Shares of XL Group Ltd. (NYSE:XL) have received a consensus rating of “Buy” from the fifteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $43.50.

XL has been the subject of a number of research analyst reports. Citigroup Inc. increased their price objective on shares of XL Group from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, April 7th. Morgan Stanley increased their target price on XL Group from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, April 28th. BidaskClub upgraded XL Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Deutsche Bank AG increased their target price on XL Group from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Finally, Barclays PLC reiterated an “overweight” rating and set a $51.00 target price (up from $46.00) on shares of XL Group in a research report on Monday, July 3rd.

In other XL Group news, General Counsel Gould Kirstin Romann sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $42.56, for a total value of $3,192,000.00. Following the completion of the sale, the general counsel now owns 162,298 shares of the company’s stock, valued at $6,907,402.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider W Myron Hendry sold 85,050 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $42.12, for a total value of $3,582,306.00. Following the completion of the sale, the insider now directly owns 57,525 shares of the company’s stock, valued at approximately $2,422,953. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 180,250 shares of company stock worth $7,631,446. Insiders own 2.59% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in shares of XL Group by 3.2% in the first quarter. Nisa Investment Advisors LLC now owns 23,920 shares of the insurance provider’s stock valued at $953,000 after buying an additional 735 shares in the last quarter. Boston Advisors LLC increased its stake in shares of XL Group by 50.1% in the first quarter. Boston Advisors LLC now owns 394,950 shares of the insurance provider’s stock valued at $15,743,000 after buying an additional 131,845 shares in the last quarter. DnB Asset Management AS increased its stake in shares of XL Group by 0.3% in the first quarter. DnB Asset Management AS now owns 30,610 shares of the insurance provider’s stock valued at $1,220,000 after buying an additional 100 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of XL Group by 4.5% in the first quarter. Capstone Asset Management Co. now owns 47,897 shares of the insurance provider’s stock valued at $1,909,000 after buying an additional 2,070 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of XL Group by 0.6% in the first quarter. Bank of Montreal Can now owns 282,516 shares of the insurance provider’s stock valued at $11,261,000 after buying an additional 1,653 shares in the last quarter. 97.41% of the stock is owned by institutional investors and hedge funds.

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Shares of XL Group (NYSE XL) traded up 0.54% during midday trading on Monday, reaching $46.66. 895,229 shares of the company’s stock traded hands. The firm has a market capitalization of $12.20 billion, a PE ratio of 22.43 and a beta of 1.02. XL Group has a one year low of $32.57 and a one year high of $46.77. The stock’s 50-day moving average price is $44.00 and its 200 day moving average price is $41.11.

XL Group (NYSE:XL) last announced its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. XL Group had a net margin of 5.25% and a return on equity of 3.71%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the firm posted $0.35 EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, equities research analysts expect that XL Group will post $3.20 earnings per share for the current fiscal year.

The company 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. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.89%. XL Group’s dividend payout ratio is currently 42.11%.

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).

Analyst Recommendations for XL Group (NYSE:XL)

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