XL Group Ltd. (NYSE:XL) was the recipient of unusually large options trading on Tuesday. Stock investors bought 11,214 call options on the stock. This is an increase of approximately 847% compared to the typical volume of 1,184 call options.
In other XL Group news, insider Susan Lee Cross sold 20,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $39.00, for a total transaction of $780,000.00. Following the completion of the transaction, the insider now owns 58,688 shares of the company’s stock, valued at $2,288,832. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Kcb Vereker sold 2,697 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $36.59, for a total value of $98,683.23. Following the transaction, the director now directly owns 66,455 shares of the company’s stock, valued at approximately $2,431,588.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 174,987 shares of company stock valued at $7,177,459. Insiders own 3.02% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB increased its position in XL Group by 5.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 40,051 shares of the insurance provider’s stock valued at $1,408,000 after purchasing an additional 2,154 shares during the period. Envestnet Asset Management Inc. increased its position in XL Group by 107.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 34,786 shares of the insurance provider’s stock valued at $1,223,000 after purchasing an additional 17,985 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in XL Group by 39.4% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 18,738 shares of the insurance provider’s stock valued at $659,000 after purchasing an additional 5,300 shares during the period. LPL Financial LLC acquired a new stake in XL Group during the 4th quarter valued at approximately $357,000. Finally, Millennium Management LLC acquired a new stake in XL Group during the 4th quarter valued at approximately $3,979,000. 99.94% of the stock is owned by institutional investors and hedge funds.
XL Group (XL) opened at $55.91 on Wednesday. XL Group has a 52 week low of $33.77 and a 52 week high of $56.39. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $14,370.00, a P/E ratio of -25.88, a PEG ratio of 1.30 and a beta of 0.75.
XL Group (NYSE:XL) last released its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.73 billion. XL Group had a negative return on equity of 4.25% and a negative net margin of 4.95%. During the same quarter in the prior year, the firm posted $0.47 earnings per share. analysts expect that XL Group will post 3.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Wednesday, March 14th. XL Group’s dividend payout ratio is presently -40.74%.
Several research analysts have commented on the company. Barclays reissued a “buy” rating and set a $42.00 target price on shares of XL Group in a research note on Tuesday, January 9th. ValuEngine raised XL Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Citigroup upped their price objective on XL Group from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Sandler O’Neill reaffirmed a “hold” rating and issued a $43.00 price objective on shares of XL Group in a research note on Friday, March 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 price objective on shares of XL Group in a research note on Friday, December 8th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.50.
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).