Schwab Charles Investment Management Inc. cut its stake in shares of XL Group Ltd. (NYSE:XL) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 998,008 shares of the insurance provider’s stock after selling 46,082 shares during the period. Schwab Charles Investment Management Inc.’s holdings in XL Group were worth $35,090,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Advisor Group Inc. lifted its position in XL Group by 22.1% during the second 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 last quarter. Synovus Financial Corp acquired a new stake in XL Group during the third quarter worth approximately $217,000. Achmea Investment Management B.V. acquired a new stake in XL Group during the third quarter worth approximately $227,000. Koch Industries Inc. acquired a new stake in XL Group during the second quarter worth approximately $304,000. Finally, FineMark National Bank & Trust acquired a new stake in XL Group during the third quarter worth approximately $308,000. Hedge funds and other institutional investors own 98.65% of the company’s stock.
In other XL Group news, Director John Kcb Vereker sold 2,697 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $36.59, for a total transaction of $98,683.23. Following the completion of the transaction, the director now directly owns 66,455 shares in the company, valued at $2,431,588.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Lee Cross sold 20,000 shares of the business’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 transaction, the insider now owns 58,688 shares of the company’s stock, valued at $2,288,832. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,697 shares of company stock valued at $4,493,383. 3.02% of the stock is owned by company insiders.
Shares of XL Group Ltd. (NYSE:XL) opened at $41.86 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.08 and a quick ratio of 0.35. XL Group Ltd. has a 1 year low of $33.77 and a 1 year high of $47.27. The firm has a market cap of $10,560.00, a P/E ratio of -19.38, a PEG ratio of 1.25 and a beta of 0.95.
XL Group (NYSE:XL) last released its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the business earned $0.47 earnings per share. analysts predict that XL Group Ltd. will post 3.68 EPS for the current year.
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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