XL Group Ltd. (NYSE:XL) – Langen Mcalenn boosted their Q1 2018 earnings estimates for shares of XL Group in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will post earnings per share of $0.90 for the quarter, up from their previous estimate of $0.81. Langen Mcalenn also issued estimates for XL Group’s Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.60 EPS, Q4 2019 earnings at $1.04 EPS and FY2019 earnings at $3.95 EPS.
XL Group (NYSE:XL) last released its earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.73 billion. XL Group had a negative return on equity of 4.25% and a negative net margin of 4.95%. During the same period in the prior year, the firm posted $0.47 EPS.
Shares of XL Group (XL) opened at $37.34 on Wednesday. The stock has a market capitalization of $9,793.30, a price-to-earnings ratio of -16.67, a PEG ratio of 1.16 and a beta of 0.95. XL Group has a 1-year low of $33.77 and a 1-year high of $47.27. The company has a current ratio of 0.08, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28.
Large investors have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC acquired a new stake in shares of XL Group during the fourth quarter valued at about $110,000. Advisor Group Inc. boosted its stake in shares of XL Group by 22.1% during the second quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock valued at $180,000 after purchasing an additional 747 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of XL Group during the third quarter valued at about $217,000. Achmea Investment Management B.V. acquired a new stake in shares of XL Group during the third quarter valued at about $227,000. Finally, Stephens Inc. AR acquired a new stake in shares of XL Group during the fourth quarter valued at about $223,000. 98.65% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director John Kcb Vereker sold 2,697 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $36.59, for a total value of $98,683.23. Following the sale, the director now directly owns 66,455 shares of the company’s stock, valued at $2,431,588.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Lee Cross sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $39.00, for a total value of $780,000.00. Following the completion of the sale, the insider now directly owns 58,688 shares in the company, valued at $2,288,832. The disclosure for this sale can be found here. Company insiders own 3.02% of the company’s stock.
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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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