LS Investment Advisors LLC reduced its stake in XL Group PLC (NYSE:XL) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,404 shares of the company’s stock after selling 2,667 shares during the period. LS Investment Advisors LLC’s holdings in XL Group PLC were worth $1,479,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake 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 worth $588,671,000 after buying an additional 1,024,540 shares during the period. Renaissance Technologies LLC increased its stake in XL Group PLC by 686.8% in the first quarter. Renaissance Technologies LLC now owns 975,600 shares of the company’s stock worth $35,902,000 after buying an additional 851,600 shares during the period. Royal Bank of Canada increased its stake in XL Group PLC by 45.0% in the first quarter. Royal Bank of Canada now owns 972,619 shares of the company’s stock worth $35,793,000 after buying an additional 301,828 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in 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 during the period. Finally, Endeavour Capital Advisors Inc. increased its stake in XL Group PLC by 122.0% in the first quarter. Endeavour Capital Advisors Inc. now owns 335,613 shares of the company’s stock worth $12,351,000 after buying an additional 184,453 shares during the period. 91.44% of the stock is owned by hedge funds and other institutional investors.
XL Group PLC (NYSE:XL) traded up 1.18% during mid-day trading on Monday, reaching $34.39. The company’s stock had a trading volume of 1,612,359 shares. The stock has a market cap of $9.46 billion, a PE ratio of 31.73 and a beta of 1.08. The company has a 50 day moving average of $34.00 and a 200-day moving average of $33.95. XL Group PLC has a 52-week low of $30.33 and a 52-week high of $40.48.
XL Group PLC (NYSE:XL) last posted its earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.23. XL Group PLC had a return on equity of 3.47% and a net margin of 3.12%. The firm earned $2.72 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The company’s revenue was up 29.6% on a year-over-year basis. Equities analysts forecast that XL Group PLC will post $1.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.33%. XL Group PLC’s dividend payout ratio (DPR) is 74.77%.
XL has been the subject of a number of recent research reports. Macquarie raised their price target on XL Group PLC from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, August 29th. Bank of America Corp. reaffirmed a “buy” rating and set a $44.00 price target on shares of XL Group PLC in a research note on Thursday, July 14th. TheStreet raised XL Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $37.00 price target on shares of XL Group PLC in a research note on Monday, September 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of XL Group PLC in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. XL Group PLC 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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