XL Group Ltd. (XL) Given Average Recommendation of “Hold” by Analysts
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.
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%.
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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).
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