Savant Capital LLC cut its position in shares of XL Group PLC (NYSE:XL) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,680 shares of the company’s stock after selling 30 shares during the period. Savant Capital LLC’s holdings in XL Group PLC were worth $656,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its stake in shares of 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. Jacobs Levy Equity Management Inc. raised its stake in shares of 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 worth $376,000 after buying an additional 2,670 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of 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 worth $465,000 after buying an additional 3,390 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of XL Group PLC during the first quarter worth approximately $646,000. Finally, Kwmg LLC raised its stake in shares of XL Group PLC by 6.9% in the second quarter. Kwmg LLC now owns 25,053 shares of the company’s stock worth $835,000 after buying an additional 1,625 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.
XL Group PLC (NYSE:XL) traded up 0.66% during midday trading on Tuesday, reaching $33.50. The company’s stock had a trading volume of 3,648,346 shares. The firm has a 50 day moving average of $33.97 and a 200 day moving average of $34.06. The firm has a market cap of $9.21 billion, a P/E ratio of 30.90 and a beta of 1.08. 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 EPS for the quarter, beating the consensus estimate of $0.14 by $0.23. The firm earned $2.72 billion during 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 last year, the company earned $0.84 earnings per share. Analysts anticipate that XL Group PLC will post $1.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.20 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.80 annualized dividend and a yield of 2.39%. XL Group PLC’s dividend payout ratio is presently 74.77%.
A number of brokerages recently commented on XL. Deutsche Bank AG lifted their price objective on XL Group PLC from $34.00 to $37.00 and gave the stock a “hold” rating in a research 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 research report on Thursday, July 28th. Bank of America Corp. reiterated a “buy” rating and issued a $44.00 price objective on shares of XL Group PLC in a research report on Thursday, July 14th. Morgan Stanley reiterated a “buy” rating on shares of XL Group PLC in a research report on Tuesday, June 7th. Finally, Keefe, Bruyette & Woods upgraded 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 research report on Thursday, August 25th. One 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 currently has a consensus rating of “Hold” and an average 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).
Want to see what other hedge funds are holding XL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XL Group PLC (NYSE:XL).
Receive News & Ratings for XL Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XL Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.