Mizuho Asset Management Co. Ltd. increased its position in XL Group PLC (NYSE:XL) by 178.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,392 shares of the company’s stock after buying an additional 2,812 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in XL Group PLC were worth $146,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted 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 valued at $588,671,000 after buying an additional 1,024,540 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in XL Group PLC by 21.3% in the second quarter. JPMorgan Chase & Co. now owns 9,969,772 shares of the company’s stock valued at $332,094,000 after buying an additional 1,749,358 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted 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 valued at $316,957,000 after buying an additional 223,149 shares in the last quarter. Pzena Investment Management LLC boosted its stake in XL Group PLC by 0.8% in the second quarter. Pzena Investment Management LLC now owns 5,161,867 shares of the company’s stock valued at $171,942,000 after buying an additional 38,963 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in XL Group PLC during the second quarter valued at about $121,742,000. Institutional investors and hedge funds own 91.45% of the company’s stock.
Shares of XL Group PLC (NYSE:XL) traded down 0.76% during midday trading on Monday, hitting $33.96. The company had a trading volume of 239,403 shares. The company has a 50-day moving average of $33.95 and a 200-day moving average of $34.17. XL Group PLC has a 12 month low of $30.33 and a 12 month high of $40.48. The company has a market capitalization of $9.34 billion, a PE ratio of 31.33 and a beta of 1.09.
XL Group PLC (NYSE:XL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 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 EPS. XL Group PLC’s quarterly revenue was up 29.6% on a year-over-year basis. Analysts predict that XL Group PLC will post $1.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.80 annualized dividend and a yield of 2.34%. XL Group PLC’s dividend payout ratio (DPR) is currently 74.77%.
XL has been the subject of several research analyst reports. TheStreet upgraded XL Group PLC from a “hold” rating to a “buy” rating in a report on Tuesday, September 6th. Credit Suisse Group AG set a $37.00 price target on XL Group PLC and gave the company a “hold” rating in a report on Thursday, July 28th. Janney Montgomery Scott cut XL Group PLC from a “buy” rating to a “neutral” rating in a report on Monday, September 12th. Langen Mcalenn cut XL Group PLC from a “buy” rating to a “neutral” rating in a report on Monday, September 12th. Finally, Morgan Stanley restated a “buy” rating on shares of XL Group PLC in a report on Tuesday, June 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. XL Group PLC currently has a consensus rating of “Hold” and an average price target 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).
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