XL Group Ltd. (NYSE:XL) – Research analysts at B. Riley issued their Q4 2017 earnings estimates for XL Group in a research report issued on Monday. B. Riley analyst R. Binner expects that the insurance provider will post earnings per share of $0.84 for the quarter. B. Riley currently has a “Neutral” rating on the stock.
Other equities analysts have also issued research reports about the stock. UBS cut their price objective on shares of XL Group from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. ValuEngine raised shares of XL Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $50.00 price target on shares of XL Group in a research report on Thursday, September 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price target on shares of XL Group in a research report on Tuesday, August 29th. Finally, Bank of America dropped their price target on shares of XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.50.
XL Group (NYSE:XL) last issued its quarterly earnings data on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share for the quarter, missing the consensus estimate of ($3.91) by ($0.09). The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.11 billion. XL Group had a negative net margin of 2.51% and a negative return on equity of 4.03%. XL Group’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.36%. XL Group’s payout ratio is -74.58%.
Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. grew its stake in shares of XL Group by 36.1% in the third quarter. Meeder Asset Management Inc. now owns 14,181 shares of the insurance provider’s stock worth $559,000 after acquiring an additional 3,759 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of XL Group in the second quarter worth $928,000. Marshall Wace North America L.P. grew its stake in shares of XL Group by 28.0% in the second quarter. Marshall Wace North America L.P. now owns 75,567 shares of the insurance provider’s stock worth $3,325,000 after acquiring an additional 16,513 shares during the last quarter. Nomura Holdings Inc. grew its stake in shares of XL Group by 114.1% in the second quarter. Nomura Holdings Inc. now owns 37,848 shares of the insurance provider’s stock worth $1,659,000 after acquiring an additional 20,174 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of XL Group by 754.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 67,586 shares of the insurance provider’s stock worth $2,961,000 after acquiring an additional 59,675 shares during the last quarter. Institutional investors and hedge funds own 99.06% of the company’s stock.
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XL Group 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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