XL Group Ltd. (NYSE:XL) Director John Kcb Vereker sold 2,697 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $36.59, for a total transaction of $98,683.23. Following the sale, the director now owns 66,455 shares in the company, valued at $2,431,588.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

XL Group Ltd. (XL) traded down $0.05 during trading on Tuesday, hitting $36.82. 1,413,500 shares of the stock traded hands, compared to its average volume of 1,936,066. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28. XL Group Ltd. has a 1-year low of $36.02 and a 1-year high of $47.27.

XL Group (NYSE:XL) last released its earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share for the quarter, missing the consensus estimate of ($3.91) by ($0.09). The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.11 billion. XL Group had a negative return on equity of 4.03% and a negative net margin of 2.51%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. equities research analysts predict that XL Group Ltd. will post -1.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, December 14th. XL Group’s dividend payout ratio (DPR) is currently -74.58%.

A number of analysts recently commented on the stock. Deutsche Bank downgraded shares of XL Group from a “hold” rating to a “sell” rating and dropped their target price for the stock from $42.00 to $37.00 in a report on Friday, October 13th. Bank of America dropped their target price on shares of XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, October 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of XL Group in a report on Tuesday, August 29th. Credit Suisse Group boosted their target price on shares of XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, ValuEngine downgraded shares of XL Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.92.

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of XL Group by 19.9% in the second quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 384 shares in the last quarter. Manchester Capital Management LLC purchased a new position in shares of XL Group in the second quarter worth approximately $120,000. Advisor Group Inc. increased its position in shares of XL Group by 22.1% in the second quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock worth $180,000 after acquiring an additional 747 shares in the last quarter. Group One Trading L.P. purchased a new position in shares of XL Group in the second quarter worth approximately $192,000. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of XL Group in the second quarter worth approximately $202,000. 99.06% of the stock is currently owned by institutional investors and hedge funds.

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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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