Shares of XL Group Ltd. (NYSE:XL) have been assigned a consensus rating of “Hold” from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $44.50.

Several analysts have recently issued reports on the stock. Deutsche Bank cut shares of XL Group from a “hold” rating to a “sell” rating and decreased their target price for the company from $42.00 to $37.00 in a research report on Friday, October 13th. Citigroup decreased their target price on shares of XL Group from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Monday, October 2nd. Barclays decreased their target price on shares of XL Group from $51.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th. TheStreet cut shares of XL Group from a “b” rating to a “c” rating in a research report on Tuesday, October 24th. Finally, UBS Group upped their target price on shares of XL Group from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, October 30th.

In other 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 transaction, the director now directly owns 66,455 shares of the company’s stock, valued at $2,431,588.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.02% of the company’s stock.

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. increased its position in shares of XL Group by 36.1% during the third quarter. Meeder Asset Management Inc. now owns 14,181 shares of the insurance provider’s stock worth $559,000 after acquiring an additional 3,759 shares during the period. Janus Henderson Group PLC increased its position in shares of XL Group by 45.1% during the third quarter. Janus Henderson Group PLC now owns 5,071,040 shares of the insurance provider’s stock worth $200,052,000 after acquiring an additional 1,577,318 shares during the period. AXA purchased a new position in shares of XL Group during the third quarter worth approximately $5,863,000. Nomura Holdings Inc. increased its position in shares of XL Group by 114.1% during the second quarter. Nomura Holdings Inc. now owns 37,848 shares of the insurance provider’s stock worth $1,659,000 after acquiring an additional 20,174 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of XL Group during the second quarter worth approximately $2,263,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of XL Group (NYSE XL) traded up $0.22 during midday trading on Monday, hitting $35.49. 3,094,400 shares of the stock traded hands, compared to its average volume of 2,415,722. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $9,085.97, a PE ratio of -28.85, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. XL Group has a 52-week low of $33.77 and a 52-week high of $47.27.

XL Group (NYSE:XL) last announced its earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.91) by ($0.09). The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.11 billion. XL Group had a negative net margin of 2.51% and a negative return on equity of 4.03%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. equities analysts forecast that XL Group will post -1.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Thursday, December 14th. XL Group’s dividend payout ratio (DPR) is currently -71.54%.

COPYRIGHT VIOLATION WARNING: “XL Group Ltd. (XL) Given Average Recommendation of “Hold” by Analysts” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/15/xl-group-ltd-xl-given-average-recommendation-of-hold-by-analysts.html.

About XL Group

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)

Receive News & Ratings for XL Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XL Group and related companies with MarketBeat.com's FREE daily email newsletter.