Nationwide Fund Advisors cut its position in XL Group PLC (NYSE:XL) by 38.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,080 shares of the company’s stock after selling 60,051 shares during the period. Nationwide Fund Advisors’ holdings in XL Group PLC were worth $3,167,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in XL. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in XL Group PLC during the second quarter worth approximately $121,742,000. Emerald Acquisition Ltd. acquired a new stake in XL Group PLC during the second quarter worth approximately $61,288,000. JPMorgan Chase & Co. increased 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 worth $332,094,000 after buying an additional 1,749,358 shares during the last quarter. Cambiar Investors LLC acquired a new stake in XL Group PLC during the second quarter worth approximately $57,967,000. Finally, 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 last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.
XL Group PLC (NYSE:XL) traded up 2.35% during mid-day trading on Friday, reaching $33.99. 2,447,711 shares of the company’s stock traded hands. XL Group PLC has a 1-year low of $30.33 and a 1-year high of $40.48. The firm has a 50-day moving average price of $33.98 and a 200-day moving average price of $34.01. The stock has a market cap of $9.35 billion, a P/E ratio of 31.36 and a beta of 1.08.
XL Group PLC (NYSE:XL) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share 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 business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm earned $0.84 EPS. XL Group PLC’s quarterly revenue was up 29.6% compared to the same quarter last year. Equities research analysts anticipate that XL Group PLC will post $1.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.35%. The ex-dividend date was Tuesday, September 13th. XL Group PLC’s payout ratio is 74.77%.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank AG boosted their price target on shares of XL Group PLC from $34.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Langen Mcalenn lowered shares of XL Group PLC from a “buy” rating to a “neutral” rating in a report on Monday, September 12th. Janney Montgomery Scott lowered shares of XL Group PLC from a “buy” rating to a “neutral” rating in a report on Monday, September 12th. Credit Suisse Group AG set a $37.00 price target on shares of XL Group PLC and gave the company a “hold” rating in a report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods upgraded shares of XL Group PLC from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $42.00 to $44.00 in a report on Thursday, August 25th. 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 stock. The company currently has a consensus rating of “Hold” and a consensus 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).
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