FY2018 EPS Estimates for XL Group Ltd. Decreased by Analyst (XL)
XL Group Ltd. (NYSE:XL) – Analysts at FBR & Co decreased their FY2018 earnings per share (EPS) estimates for XL Group in a research note issued on Tuesday. FBR & Co analyst R. Binner now forecasts that the insurance provider will earn $3.55 per share for the year, down from their prior estimate of $3.80. FBR & Co also issued estimates for XL Group’s FY2019 earnings at $3.85 EPS.
XL Group (NYSE:XL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.78 billion. XL Group had a return on equity of 4.88% and a net margin of 7.53%. During the same period in the prior year, the company earned $0.37 EPS.
Several other equities research analysts have also recently weighed in on the company. BidaskClub cut XL Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Citigroup Inc. reduced their price objective on XL Group from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. ValuEngine cut XL Group from a “hold” rating to a “sell” rating in a research note on Wednesday. J P Morgan Chase & Co raised XL Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $52.00 in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $53.00 price objective on shares of XL Group in a research note on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. XL Group currently has an average rating of “Hold” and an average price target of $45.73.
Shares of XL Group (NYSE:XL) traded down 0.542% during trading on Wednesday, hitting $39.455. The stock had a trading volume of 636,838 shares. The company has a market cap of $10.18 billion, a PE ratio of 13.021 and a beta of 1.00. The stock has a 50 day moving average of $39.95 and a 200 day moving average of $42.19. XL Group has a 12 month low of $33.22 and a 12 month high of $47.27.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.22%. XL Group’s dividend payout ratio (DPR) is presently 28.57%.
In other XL Group news, Director Joseph Mauriello sold 3,043 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $44.55, for a total transaction of $135,565.65. Following the completion of the transaction, the director now owns 55,008 shares in the company, valued at $2,450,606.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.02% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in XL. Stifel Financial Corp boosted its position in shares of XL Group by 5.4% during the first quarter. Stifel Financial Corp now owns 14,472 shares of the insurance provider’s stock valued at $576,000 after buying an additional 736 shares during the period. Principal Financial Group Inc. boosted its position in shares of XL Group by 1.1% during the first quarter. Principal Financial Group Inc. now owns 405,515 shares of the insurance provider’s stock valued at $16,164,000 after buying an additional 4,279 shares during the period. Ngam Advisors L.P. boosted its position in shares of XL Group by 5.3% during the first quarter. Ngam Advisors L.P. now owns 12,702 shares of the insurance provider’s stock valued at $506,000 after buying an additional 642 shares during the period. Global X Management Co. LLC boosted its position in shares of XL Group by 30.5% during the first quarter. Global X Management Co. LLC now owns 9,178 shares of the insurance provider’s stock valued at $366,000 after buying an additional 2,147 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of XL Group during the first quarter valued at approximately $2,362,000. Institutional investors and hedge funds own 95.26% of the company’s stock.
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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