XL Group Ltd. (NYSE:XL) Director Joseph Mauriello sold 3,043 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $44.55, for a total value of $135,565.65. Following the completion of the sale, the director now owns 55,008 shares of the company’s stock, valued at $2,450,606.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

XL Group Ltd. (NYSE XL) traded down 0.45% during midday trading on Thursday, reaching $44.30. The company’s stock had a trading volume of 1,980,427 shares. The company has a market cap of $11.45 billion, a PE ratio of 21.50 and a beta of 1.02. The stock has a 50-day moving average price of $44.54 and a 200 day moving average price of $41.60. XL Group Ltd. has a 12 month low of $32.81 and a 12 month high of $47.27.

XL Group (NYSE:XL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. XL Group had a net margin of 7.53% and a return on equity of 4.88%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the firm earned $0.37 EPS. Analysts expect that XL Group Ltd. will post $3.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.99%. XL Group’s payout ratio is 28.57%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its position 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 during the last quarter. Boston Advisors LLC increased its position 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 during the last quarter. DnB Asset Management AS increased its position 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 during the last quarter. Capstone Asset Management Co. increased its position 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 during the last quarter. Finally, Bank of Montreal Can increased its position 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 during the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on XL shares. ValuEngine upgraded XL Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price target on shares of XL Group in a research note on Wednesday, July 12th. BidaskClub upgraded XL Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Deutsche Bank AG boosted their price target on XL Group from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Zacks Investment Research upgraded XL Group from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. XL Group currently has a consensus rating of “Buy” and an average target price of $44.90.

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).

Insider Buying and Selling by Quarter for XL Group (NYSE:XL)

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