Press coverage about XL Group (NYSE:XL) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. XL Group earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 46.2109450153022 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Analysts Recommendations Washington Prime Group Inc. (WPG) (vothemes.com)
- A.M. Best Affirms Credit Ratings of XL Seguros Mexico, S.A. de C.V. (insurancenewsnet.com)
- A.M. Best Affirms Credit Ratings of XL Group Ltd, Its Property/Casualty Subsidiaries and XLIT Ltd. (finance.yahoo.com)
- XL Group Ltd. – Value Analysis (NYSE:XL) : August 12, 2017 (finance.yahoo.com)
- IHS Markit Score Update: Drop in demand for ETFs holding XL Group Ltd is a negative sign for its shares (finance.yahoo.com)
A number of equities research analysts have recently weighed in on the stock. Citigroup Inc. boosted their price objective on shares of XL Group from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 13th. ValuEngine raised shares of XL Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. J P Morgan Chase & Co raised shares of XL Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $52.00 in a report on Friday, July 28th. BidaskClub raised shares of XL Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of XL Group from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $44.90.
XL Group (XL) opened at 44.72 on Wednesday. The company’s 50-day moving average is $44.81 and its 200-day moving average is $42.07. XL Group has a 52-week low of $32.81 and a 52-week high of $47.27. The firm has a market capitalization of $11.54 billion, a P/E ratio of 14.62 and a beta of 1.02.
XL Group (NYSE:XL) last issued its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. XL Group had a net margin of 7.53% and a return on equity of 4.88%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the firm posted $0.37 EPS. On average, analysts predict that XL Group will post $3.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, September 14th. XL Group’s payout ratio is currently 28.57%.
In other news, insider W Myron Hendry sold 85,050 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $42.12, for a total value of $3,582,306.00. Following the completion of the sale, the insider now owns 57,525 shares in the company, valued at approximately $2,422,953. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Stevens sold 1,700 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $43.55, for a total transaction of $74,035.00. Following the completion of the sale, the director now owns 13,710 shares of the company’s stock, valued at approximately $597,070.50. The disclosure for this sale can be found here. Insiders have sold a total of 183,293 shares of company stock worth $7,767,012 over the last three months. 2.59% of the stock is currently owned by insiders.
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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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