Rothschild Asset Management Inc. lowered its position in XL Group Ltd. (NYSE:XL) by 46.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,265 shares of the insurance provider’s stock after selling 266,996 shares during the period. Rothschild Asset Management Inc. owned approximately 0.12% of XL Group worth $12,358,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in XL Group by 36.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,424,240 shares of the insurance provider’s stock valued at $56,198,000 after buying an additional 381,558 shares in the last quarter. SG Americas Securities LLC lifted its stake in XL Group by 349.6% in the 3rd quarter. SG Americas Securities LLC now owns 77,899 shares of the insurance provider’s stock valued at $3,073,000 after buying an additional 60,571 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in XL Group by 49.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,557,080 shares of the insurance provider’s stock valued at $140,317,000 after buying an additional 1,173,380 shares in the last quarter. Kwmg LLC lifted its stake in XL Group by 4.8% in the 3rd quarter. Kwmg LLC now owns 42,440 shares of the insurance provider’s stock valued at $1,674,000 after buying an additional 1,953 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in XL Group by 1.4% in the 3rd quarter. Rhumbline Advisers now owns 530,159 shares of the insurance provider’s stock valued at $20,915,000 after buying an additional 7,438 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.
A number of equities research analysts recently issued reports on XL shares. J P Morgan Chase & Co raised XL Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $52.00 in a research note on Friday, July 28th. Zacks Investment Research raised XL Group from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered XL Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 target price on shares of XL Group in a research note on Tuesday, August 29th. Finally, ValuEngine lowered XL Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $45.50.
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XL Group (NYSE:XL) last issued its quarterly earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.91) by ($0.09). XL Group had a negative return on equity of 4.03% and a negative net margin of 2.51%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the company earned $0.44 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. analysts expect that XL Group Ltd. will post -1.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, December 14th. XL Group’s dividend payout ratio is presently -71.54%.
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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