Koch Industries Inc. lifted its position in shares of XL Group Ltd. (NYSE:XL) by 41.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,125 shares of the insurance provider’s stock after buying an additional 3,546 shares during the period. Koch Industries Inc.’s holdings in XL Group were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in shares of XL Group by 2.4% during the 4th quarter. Bank of Montreal Can now owns 435,715 shares of the insurance provider’s stock worth $15,320,000 after buying an additional 10,378 shares during the last quarter. AXA acquired a new stake in shares of XL Group during the 3rd quarter worth approximately $5,863,000. Janus Henderson Group PLC increased its holdings in shares of XL Group by 45.1% during the 3rd quarter. Janus Henderson Group PLC now owns 5,071,040 shares of the insurance provider’s stock worth $200,052,000 after buying an additional 1,577,318 shares during the last quarter. Boston Partners increased its holdings in shares of XL Group by 112.6% during the 4th quarter. Boston Partners now owns 11,902,560 shares of the insurance provider’s stock worth $418,494,000 after buying an additional 6,304,849 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its holdings in shares of XL Group by 6.6% during the 3rd quarter. AMP Capital Investors Ltd now owns 234,187 shares of the insurance provider’s stock worth $9,240,000 after buying an additional 14,452 shares during the last quarter. Institutional investors and hedge funds own 99.94% of the company’s stock.
XL Group Ltd. (NYSE:XL) opened at $55.67 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.28. The firm has a market cap of $14,286.69, a P/E ratio of -24.85, a P/E/G ratio of 1.68 and a beta of 0.75. XL Group Ltd. has a 1 year low of $33.77 and a 1 year high of $56.39.
XL Group (NYSE:XL) last posted its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. XL Group had a negative net margin of 4.95% and a negative return on equity of 4.25%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $0.47 EPS. analysts expect that XL Group Ltd. will post 3.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.88 annualized dividend and a yield of 1.58%. XL Group’s dividend payout ratio is presently -39.29%.
In other XL Group news, General Counsel Gould Kirstin Romann sold 62,290 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.09, for a total value of $2,684,076.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Lee Cross sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were 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 directly owns 58,688 shares of the company’s stock, valued at approximately $2,288,832. The disclosure for this sale can be found here. Insiders sold a total of 172,290 shares of company stock valued at $7,078,776 in the last three months. 3.02% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on XL shares. Zacks Investment Research upgraded shares of XL Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 28th. ValuEngine downgraded shares of XL Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price objective on shares of XL Group in a research report on Friday, December 8th. Barclays reaffirmed a “buy” rating and set a $42.00 price objective on shares of XL Group in a research report on Tuesday, January 9th. Finally, Deutsche Bank raised shares of XL Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $46.72.
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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