Stock Traders Buy Large Volume of XL Group Call Options (XL)

XL Group Ltd. (NYSE:XL) was the target of unusually large options trading activity on Tuesday. Traders bought 10,192 call options on the stock. This represents an increase of 1,319% compared to the average daily volume of 718 call options.

In related news, Director John Kcb Vereker sold 2,697 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $36.59, for a total transaction of $98,683.23. Following the completion of the sale, the director now directly owns 66,455 shares in the company, valued at $2,431,588.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.02% of the company’s stock.

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of XL Group by 36.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 14,181 shares of the insurance provider’s stock valued at $559,000 after purchasing an additional 3,759 shares in the last quarter. Blair William & Co. IL acquired a new position in XL Group during the 2nd quarter worth about $928,000. Marshall Wace North America L.P. lifted its position in XL Group by 28.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 75,567 shares of the insurance provider’s stock worth $3,325,000 after buying an additional 16,513 shares in the last quarter. Nomura Holdings Inc. lifted its position in XL Group by 114.1% during the 2nd quarter. Nomura Holdings Inc. now owns 37,848 shares of the insurance provider’s stock worth $1,659,000 after buying an additional 20,174 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in XL Group by 754.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 67,586 shares of the insurance provider’s stock worth $2,961,000 after buying an additional 59,675 shares in the last quarter. Institutional investors own 99.06% of the company’s stock.

XL Group (XL) opened at $35.11 on Friday. XL Group has a 52-week low of $35.04 and a 52-week high of $47.27. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.28.

XL Group (NYSE:XL) last announced its quarterly earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.91) by ($0.09). The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.11 billion. XL Group had a negative net margin of 2.51% and a negative return on equity of 4.03%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. research analysts forecast that XL Group will post -1.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, December 14th. XL Group’s dividend payout ratio (DPR) is presently -71.54%.

A number of analysts have issued reports on XL shares. Deutsche Bank cut shares of XL Group from a “hold” rating to a “sell” rating and reduced their target price for the company from $42.00 to $37.00 in a research note on Friday, October 13th. UBS lifted their target price on shares of XL Group from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of XL Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Bank of America dropped their price target on shares of XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $46.00 price target on shares of XL Group in a research report on Friday, December 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. XL Group currently has a consensus rating of “Hold” and an average target price of $44.92.

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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).

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