XL Group Ltd. (XL) CFO Sells $800,000.00 in Stock

XL Group Ltd. (NYSE:XL) CFO Stephen Robb sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $40.00, for a total value of $800,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

XL Group Ltd. (NYSE XL) traded up $0.60 during mid-day trading on Friday, reaching $41.86. The company’s stock had a trading volume of 5,166,923 shares, compared to its average volume of 4,244,947. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.08 and a quick ratio of 0.35. The company has a market capitalization of $10,753.42, a PE ratio of -18.69, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95. XL Group Ltd. has a 12 month low of $33.77 and a 12 month high of $47.27.

XL Group (NYSE:XL) last posted its earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations 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 last year, the business posted $0.47 earnings per share. analysts predict that XL Group Ltd. will post 3.68 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC raised its stake in shares of XL Group by 4.4% during the second quarter. HighTower Advisors LLC now owns 8,708 shares of the insurance provider’s stock valued at $382,000 after purchasing an additional 370 shares in the last quarter. Stifel Financial Corp raised its stake in shares of XL Group by 2.8% during the second quarter. Stifel Financial Corp now owns 14,878 shares of the insurance provider’s stock valued at $650,000 after purchasing an additional 406 shares in the last quarter. Advisor Group Inc. raised 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. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of XL Group by 5.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 24,146 shares of the insurance provider’s stock valued at $957,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of XL Group by 4.2% during the third quarter. Mutual of America Capital Management LLC now owns 33,322 shares of the insurance provider’s stock valued at $1,315,000 after purchasing an additional 1,345 shares in the last quarter. Institutional investors own 98.65% of the company’s stock.

XL has been the topic of several research analyst reports. Deutsche Bank cut XL Group from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $42.00 to $37.00 in a research note on Friday, October 13th. UBS Group raised their price objective on XL Group from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research cut XL Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 13th. Royal Bank of Canada restated a “buy” rating and set a $46.00 price objective on shares of XL Group in a research note on Friday, December 8th. Finally, Bank of America reduced their price objective on XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.67.

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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).

Insider Buying and Selling by Quarter for XL Group (NYSE:XL)

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