First Mercantile Trust Co. bought a new position 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 institutional investor bought 11,500 shares of the company’s stock, valued at approximately $383,000.
Other large investors also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its position in XL Group PLC by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,045 shares of the company’s stock worth $101,000 after buying an additional 33 shares during the last quarter. Global X Management Co. LLC raised its position in XL Group PLC by 125.6% in the second quarter. Global X Management Co. LLC now owns 3,441 shares of the company’s stock worth $115,000 after buying an additional 1,916 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in XL Group PLC by 178.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,392 shares of the company’s stock worth $146,000 after buying an additional 2,812 shares during the last quarter. Advisors Asset Management Inc. raised its position in XL Group PLC by 360.5% in the second quarter. Advisors Asset Management Inc. now owns 6,447 shares of the company’s stock worth $215,000 after buying an additional 5,047 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in XL Group PLC during the second quarter worth approximately $221,000. 91.45% of the stock is owned by institutional investors.
Shares of XL Group PLC (NYSE:XL) opened at 33.74 on Wednesday. XL Group PLC has a 1-year low of $30.33 and a 1-year high of $40.48. The stock has a market cap of $9.28 billion, a P/E ratio of 31.13 and a beta of 1.09. The company has a 50 day moving average price of $33.94 and a 200 day moving average price of $34.13.
XL Group PLC (NYSE:XL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.23. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.40 billion. XL Group PLC had a return on equity of 3.47% and a net margin of 3.12%. The business’s quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, equities analysts anticipate that XL Group PLC will post $1.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, September 13th. XL Group PLC’s payout ratio is presently 74.77%.
A number of research analysts have commented on the company. Langen Mcalenn lowered XL Group PLC from a “buy” rating to a “neutral” rating in a research report on Monday, September 12th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $37.00 price target on shares of XL Group PLC in a research report on Monday, September 12th. Janney Montgomery Scott lowered XL Group PLC from a “buy” rating to a “neutral” rating in a research report on Monday, September 12th. TheStreet raised XL Group PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, September 6th. Finally, Macquarie upped their price target on XL Group PLC from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, August 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. XL Group PLC presently has a consensus rating of “Hold” and a consensus target price of $39.78.
XL Group PLC Company Profile
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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