Pitcairn Co. raised its position in XL Group Ltd. (NYSE:XL) by 16.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,570 shares of the company’s stock after buying an additional 1,675 shares during the period. Pitcairn Co.’s holdings in XL Group were worth $432,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its position in XL Group by 10.3% in the second quarter. Lord Abbett & CO. LLC now owns 3,767,499 shares of the company’s stock worth $125,495,000 after buying an additional 352,413 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in XL Group by 0.9% in the second quarter. Donald Smith & CO. Inc. now owns 1,678,330 shares of the company’s stock worth $55,905,000 after buying an additional 14,942 shares in the last quarter. Private Management Group Inc. boosted its position in XL Group by 6.1% in the second quarter. Private Management Group Inc. now owns 1,105,228 shares of the company’s stock worth $36,815,000 after buying an additional 63,244 shares in the last quarter. Ameriprise Financial Inc. boosted its position in XL Group by 7.9% in the second quarter. Ameriprise Financial Inc. now owns 187,929 shares of the company’s stock worth $6,261,000 after buying an additional 13,839 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in XL Group during the second quarter valued at about $121,742,000. Institutional investors and hedge funds own 90.91% of the company’s stock.
Shares of XL Group Ltd. (NYSE:XL) traded up 0.475% during midday trading on Wednesday, hitting $39.125. The stock had a trading volume of 800,524 shares. The company has a market cap of $10.51 billion, a P/E ratio of 25.080 and a beta of 0.98. XL Group Ltd. has a one year low of $30.33 and a one year high of $39.74. The stock has a 50 day moving average of $37.64 and a 200-day moving average of $35.49.
XL Group (NYSE:XL) last posted its quarterly earnings results on Wednesday, February 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.12. XL Group had a return on equity of 3.42% and a net margin of 4.18%. The firm earned $2.31 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. Analysts forecast that XL Group Ltd. will post $3.49 EPS for the current fiscal year.
Several research firms recently issued reports on XL. Langen Mcalenn reissued a “neutral” rating on shares of XL Group in a research note on Monday. Credit Suisse Group set a $41.00 target price on XL Group and gave the stock a “hold” rating in a research note on Saturday. Barclays PLC reissued a “buy” rating and set a $42.00 target price on shares of XL Group in a research note on Monday, January 9th. Finally, Citigroup Inc. began coverage on XL Group in a research note on Tuesday, November 22nd. They set a “neutral” rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. XL Group presently has an average rating of “Hold” and a consensus target price of $40.67.
In other XL Group news, CEO Michael S. Mcgavick sold 200,000 shares of the business’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $38.12, for a total transaction of $7,624,000.00. Following the completion of the sale, the chief executive officer now owns 331,423 shares of the company’s stock, valued at $12,633,844.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael S. Mcgavick sold 126,928 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $38.00, for a total value of $4,823,264.00. Following the sale, the chief executive officer now directly owns 367,351 shares of the company’s stock, valued at approximately $13,959,338. The disclosure for this sale can be found here. In the last three months, insiders have sold 712,000 shares of company stock valued at $27,103,526. 2.59% of the stock is owned by company insiders.
About XL Group
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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