Cambiar Investors LLC bought a new stake in shares of XL Group PLC (NYSE:XL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,740,242 shares of the company’s stock, valued at approximately $57,967,000.
Several other institutional investors have also recently bought and sold shares of XL. Wellington Management Group LLP increased its position in XL Group PLC by 6.8% in the first quarter. Wellington Management Group LLP now owns 15,996,477 shares of the company’s stock valued at $588,671,000 after buying an additional 1,024,540 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of XL Group PLC by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,612,952 shares of the company’s stock worth $316,957,000 after buying an additional 223,149 shares in the last quarter. BlackRock Group LTD increased its stake in shares of XL Group PLC by 2.6% in the first quarter. BlackRock Group LTD now owns 3,296,742 shares of the company’s stock worth $121,320,000 after buying an additional 84,616 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of XL Group PLC by 0.4% in the first quarter. Geode Capital Management LLC now owns 2,389,729 shares of the company’s stock worth $87,766,000 after buying an additional 9,507 shares in the last quarter. Finally, RS Investment Management Co. LLC increased its stake in shares of XL Group PLC by 43.4% in the second quarter. RS Investment Management Co. LLC now owns 1,365,866 shares of the company’s stock worth $45,497,000 after buying an additional 413,296 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.
Shares of XL Group PLC (NYSE:XL) traded down 1.49% on Thursday, hitting $33.64. The stock had a trading volume of 1,770,546 shares. The firm has a 50-day moving average of $33.96 and a 200 day moving average of $34.13. XL Group PLC has a 1-year low of $30.33 and a 1-year high of $40.48. The company has a market capitalization of $9.25 billion, a PE ratio of 31.03 and a beta of 1.09.
XL Group PLC (NYSE:XL) last announced its earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.23. XL Group PLC had a net margin of 3.12% and a return on equity of 3.47%. The company earned $2.72 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s quarterly revenue was up 29.6% compared to the same quarter last year. On average, equities analysts anticipate that XL Group PLC will post $1.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.80 annualized dividend and a yield of 2.38%. XL Group PLC’s dividend payout ratio (DPR) is presently 74.77%.
XL has been the topic of a number of analyst reports. Bank of America Corp. reissued a “buy” rating and set a $44.00 price target on shares of XL Group PLC in a research report on Thursday, July 14th. Citigroup Inc. reissued a “neutral” rating on shares of XL Group PLC in a research report on Tuesday, June 21st. Janney Montgomery Scott downgraded XL Group PLC from a “buy” rating to a “neutral” rating in a research report on Monday, September 12th. Credit Suisse Group AG set a $37.00 price target on XL Group PLC and gave the stock a “hold” rating in a research report on Thursday, July 28th. Finally, Deutsche Bank AG increased their price target on XL Group PLC from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. XL Group PLC has an average rating of “Hold” and an average target price of $39.78.
About XL Group PLC
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).
Want to see what other hedge funds are holding XL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XL Group PLC (NYSE:XL).
Receive News & Ratings for XL Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XL Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.