The stock of XL Group Ltd. (NYSE:XL) is a huge mover today! About 557,463 shares traded hands. XL Group Ltd. (NYSE:XL) has declined 4.55% since March 11, 2016 and is downtrending. It has underperformed by 10.01% the S&P500.
The move comes after 9 months negative chart setup for the $9.40 billion company. It was reported on Oct, 14 by Barchart.com. We have $32.07 PT which if reached, will make NYSE:XL worth $658.00M less.
Analysts await XL Group Ltd. (NYSE:XL) to report earnings on October, 24. They expect $0.35 EPS, up 52.17% or $0.12 from last year’s $0.23 per share. XL’s profit will be $95.42M for 24.63 P/E if the $0.35 EPS becomes a reality. After $0.37 actual EPS reported by XL Group Ltd. for the previous quarter, Wall Street now forecasts -5.41% negative EPS growth.
XL Group Ltd. (NYSE:XL) Ratings Coverage
Out of 11 analysts covering XL Group Plc (NYSE:XL), 4 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 36% are positive. XL Group Plc has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by Goldman Sachs on Tuesday, August 11 to “Neutral”. On Monday, January 11 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock of XL Group Ltd. (NYSE:XL) has “Mkt Perform” rating given on Tuesday, August 25 by Bruyette & Woods;KBW; KBW”. Deutsche Bank maintained the shares of XL in a report on Friday, August 7 with “Hold” rating. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Tuesday, August 25 report. On Friday, August 7 the stock rating was maintained by Deutsche Bank with “Hold”. RBC Capital Markets maintained XL Group Ltd. (NYSE:XL) on Thursday, April 28 with “Outperform” rating.
According to Zacks Investment Research, “XL Group Limited provides insurance and reinsurance coverage to industrial, commercial and professional service firms, insurance companies and other enterprises. The Company’s operating segment consists of Insurance and Reinsurance. Insurance product segment includes Global Casualty, Global Energy Property, & Construction; Global Professional and Global Specialty. Reinsurance segment provides casualty, property risk, property catastrophe, specialty and other reinsurance lines. XL Group Limited, formerly known as XL Group plc, is based in Hamilton, Bermuda.”
Insitutional Activity: The institutional sentiment increased to 0.76 in 2016 Q2. Its up 0.01, from 0.75 in 2016Q1. The ratio improved, as 58 funds sold all XL Group Ltd. shares owned while 108 reduced positions. 33 funds bought stakes while 93 increased positions. They now own 225.39 million shares or 15.27% less from 266.02 million shares in 2016Q1.
Cleararc Capital, a Ohio-based fund reported 6,910 shares. Miles holds 0.31% of its portfolio in XL Group Ltd. (NYSE:XL) for 13,484 shares. First Mercantile Company holds 11,500 shares or 0.05% of its portfolio. Gateway Inv Advisers, a Ohio-based fund reported 427,380 shares. Franklin Resources owns 22.56M shares or 0.4% of their US portfolio. Dimensional Fund Advsr L P holds 0.06% of its portfolio in XL Group Ltd. (NYSE:XL) for 2.91M shares. Clarivest Asset Mngmt Ltd Llc accumulated 4,600 shares or 0% of the stock. World Asset Management has invested 0.04% of its portfolio in XL Group Ltd. (NYSE:XL). Shinko Asset Mngmt holds 0% of its portfolio in XL Group Ltd. (NYSE:XL) for 802 shares. Goldman Sachs Gp Inc last reported 8.78 million shares in the company. Tci Wealth Advisors last reported 0.01% of its portfolio in the stock. Moreover, Canada Pension Plan Investment Board has 0% invested in XL Group Ltd. (NYSE:XL) for 324 shares. Nomura Asset last reported 0.02% of its portfolio in the stock. Moreover, Cadence Cap Mngmt Limited Co has 0.1% invested in XL Group Ltd. (NYSE:XL) for 41,387 shares. Parallax Volatility Advisers Lp last reported 7,619 shares in the company.
Insider Transactions: Since May 2, 2016, the stock had 1 buying transaction, and 0 sales for $503,753 net activity. Porrino Peter R also bought $503,753 worth of XL Group Ltd. (NYSE:XL) shares.
More recent XL Group Ltd. (NYSE:XL) news were published by: Prnewswire.com which released: “XL Group Ltd Announces Third Quarter 2016 Results to be Released on Wednesday …” on October 07, 2016. Also Prnewswire.com published the news titled: “XL Group Ltd* Announces Second Quarter 2016 Results” on July 27, 2016. Prnewswire.com‘s news article titled: “XL Catlin Promotes Jeffrey Loechner to Gulf Coast Territorial Manager for US …” with publication date: September 19, 2016 was also an interesting one.
XL Company Profile
XL Group Ltd, formerly XL Group plc, incorporated on March 12, 2010, is an insurance and reinsurance firm providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises. The Firm operates through two divisions: Insurance and Reinsurance.
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