XL Group Ltd. (NYSE:XL) – Langen Mcalenn boosted their Q4 2017 earnings per share (EPS) estimates for XL Group in a note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will post earnings of $0.57 per share for the quarter, up from their prior forecast of $0.39.

XL Group (NYSE:XL) last issued its earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) EPS for the quarter, missing analysts’ consensus estimates of ($3.91) by ($0.09). The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates 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 for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS.

XL has been the subject of a number of other research reports. Deutsche Bank downgraded shares of XL Group from a “hold” rating to a “sell” rating and lowered their target price for the stock from $42.00 to $37.00 in a research note on Friday, October 13th. Citigroup lowered their target price on shares of XL Group from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Barclays lowered their target price on shares of XL Group from $51.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, October 16th. TheStreet downgraded shares of XL Group from a “b” rating to a “c” rating in a research note on Tuesday, October 24th. Finally, UBS Group boosted their target price on shares of XL Group from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $44.50.

XL Group (NYSE XL) opened at $35.33 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $9,021.97, a price-to-earnings ratio of -28.72, a P/E/G ratio of 1.08 and a beta of 1.00. XL Group has a 12 month low of $33.77 and a 12 month high of $47.27.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its holdings in shares of XL Group by 4.4% in the second quarter. HighTower Advisors LLC now owns 8,708 shares of the insurance provider’s stock valued at $382,000 after buying an additional 370 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of XL Group by 2.8% in the second quarter. Stifel Financial Corp now owns 14,878 shares of the insurance provider’s stock valued at $650,000 after buying an additional 406 shares during the last quarter. M&T Bank Corp raised its holdings in shares of XL Group by 2.2% in the second quarter. M&T Bank Corp now owns 27,311 shares of the insurance provider’s stock valued at $1,195,000 after buying an additional 586 shares during the last quarter. Advisor Group Inc. raised its holdings 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 valued at $180,000 after buying an additional 747 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its holdings in shares of XL Group by 0.4% in the second quarter. Brandywine Global Investment Management LLC now owns 238,727 shares of the insurance provider’s stock valued at $10,457,000 after buying an additional 906 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

In other XL Group news, Director John Kcb Vereker sold 2,697 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $36.59, for a total value of $98,683.23. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.02% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.88 annualized dividend and a yield of 2.49%. XL Group’s dividend payout ratio is presently -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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