Westwood Holdings Group Inc. decreased its holdings in XL Group Ltd. (NYSE:XL) by 11.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,425,318 shares of the insurance provider’s stock after selling 191,420 shares during the quarter. Westwood Holdings Group Inc. owned about 0.55% of XL Group worth $62,460,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of XL. IFP Advisors Inc lifted its position in XL Group by 19.9% during the 2nd quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 384 shares during the period. Manchester Capital Management LLC acquired a new stake in XL Group during the 2nd quarter worth about $120,000. Advisor Group Inc. lifted its position in XL Group by 22.1% during the 2nd quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock worth $180,000 after acquiring an additional 747 shares during the period. Group One Trading L.P. acquired a new stake in XL Group during the 2nd quarter worth about $192,000. Finally, Pinnacle Financial Partners Inc. acquired a new stake in XL Group during the 2nd quarter worth about $202,000. 95.26% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Joseph Mauriello sold 3,043 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $44.55, for a total transaction of $135,565.65. Following the completion of the sale, the director now owns 55,008 shares in the company, valued at $2,450,606.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.02% of the stock is currently owned by corporate insiders.
A number of brokerages have commented on XL. ValuEngine raised XL Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut XL Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Citigroup Inc. lifted their price target on XL Group from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. BidaskClub raised XL Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of XL Group in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $45.83.
XL Group Ltd. (NYSE XL) traded up 2.26% during trading on Thursday, hitting $40.24. The company’s stock had a trading volume of 1,946,951 shares. The firm has a market cap of $10.38 billion, a PE ratio of 13.16 and a beta of 1.00. XL Group Ltd. has a one year low of $33.22 and a one year high of $47.27. The company has a 50-day moving average of $39.82 and a 200 day moving average of $42.17.
XL Group (NYSE:XL) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share for the quarter, topping the 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 business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm earned $0.37 earnings per share. On average, equities analysts forecast that XL Group Ltd. will post $1.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.24%. XL Group’s dividend payout ratio (DPR) is 28.57%.
XL Group 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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