Quantitative Systematic Strategies LLC bought a new stake in shares of XL Group PLC (NYSE:XL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,869 shares of the company’s stock, valued at approximately $221,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Checchi Capital Advisers LLC boosted its stake 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 valued at $101,000 after buying an additional 33 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in XL Group PLC by 35.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 10,230 shares of the company’s stock valued at $376,000 after buying an additional 2,670 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in XL Group PLC by 36.7% in the first quarter. Canada Pension Plan Investment Board now owns 12,624 shares of the company’s stock valued at $465,000 after buying an additional 3,390 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in XL Group PLC during the first quarter valued at approximately $646,000. Finally, Kwmg LLC boosted its stake in XL Group PLC by 6.9% in the second quarter. Kwmg LLC now owns 25,053 shares of the company’s stock valued at $835,000 after buying an additional 1,625 shares in the last quarter. Institutional investors own 91.44% of the company’s stock.
Shares of XL Group PLC (NYSE:XL) traded up 0.70% during midday trading on Friday, hitting $34.41. The stock had a trading volume of 962,420 shares. The company’s 50-day moving average price is $34.06 and its 200-day moving average price is $33.94. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 31.74 and a beta of 1.08. XL Group PLC has a 12-month low of $30.33 and a 12-month high of $40.48.
XL Group PLC (NYSE:XL) last issued its quarterly earnings data 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. XL Group PLC had a return on equity of 3.47% and a net margin of 3.12%. The business earned $2.72 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 29.6% compared to the same quarter last year. Equities research analysts forecast that XL Group PLC will post $1.94 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Tuesday, September 13th. XL Group PLC’s payout ratio is currently 74.77%.
Several research firms have recently commented on XL. Deutsche Bank AG raised their price target on XL Group PLC from $34.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Credit Suisse Group AG set a $37.00 price objective on XL Group PLC and gave the stock a “hold” rating in a report on Thursday, July 28th. Bank of America Corp. reaffirmed a “buy” rating and set a $44.00 price objective on shares of XL Group PLC in a report on Thursday, July 14th. Keefe, Bruyette & Woods raised XL Group PLC from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $42.00 to $44.00 in a report on Thursday, August 25th. Finally, Zacks Investment Research cut XL Group PLC from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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