XL Group PLC (XL) Sees Unusually-High Trading Volume
XL Group PLC (NYSE:XL) shares saw strong trading volume on Friday . 7,419,616 shares traded hands during trading, an increase of 190% from the previous session’s volume of 2,559,724 shares.The stock last traded at $33.57 and had previously closed at $33.52.
A number of equities analysts have recently weighed in on the company. Bank of America Corp. reaffirmed a “buy” rating on shares of XL Group PLC in a research report on Monday, June 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 target price (down from $42.00) on shares of XL Group PLC in a research report on Thursday, April 28th. Barclays PLC lowered their target price on XL Group PLC from $45.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, April 28th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of XL Group PLC in a research report on Thursday, May 26th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of XL Group PLC in a research report on Tuesday, June 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.00.
The stock’s 50-day moving average price is $33.25 and its 200 day moving average price is $34.27. The firm has a market capitalization of $9.23 billion and a PE ratio of 30.97.
XL Group PLC (NYSE:XL) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.23. The firm earned $2.72 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. Analysts expect that XL Group PLC will post $1.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.80 annualized dividend and a yield of 2.38%.
An institutional investor recently raised its position in XL Group PLC stock. US Bancorp DE boosted its stake in XL Group PLC (NYSE:XL) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,043 shares of the company’s stock after buying an additional 1,953 shares during the period. US Bancorp DE’s holdings in XL Group PLC were worth $1,686,000 as of its most recent SEC filing.
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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