Retirement Systems of Alabama Has $9,151,000 Stake in XL Group PLC (XL)
Retirement Systems of Alabama decreased its stake in XL Group PLC (NYSE:XL) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,713 shares of the company’s stock after selling 3,504 shares during the period. Retirement Systems of Alabama’s holdings in XL Group PLC were worth $9,151,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Aperio Group LLC raised its position in shares of XL Group PLC by 6.7% in the first quarter. Aperio Group LLC now owns 138,122 shares of the company’s stock valued at $5,083,000 after buying an additional 8,643 shares in the last quarter. Prudential Financial Inc. increased its position in XL Group PLC by 22.2% in the first quarter. Prudential Financial Inc. now owns 559,086 shares of the company’s stock valued at $20,574,000 after buying an additional 101,700 shares during the last quarter. BlackRock Group LTD increased its position in XL Group PLC by 2.6% in the first quarter. BlackRock Group LTD now owns 3,296,742 shares of the company’s stock valued at $121,320,000 after buying an additional 84,616 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in XL Group PLC by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,612,952 shares of the company’s stock valued at $316,957,000 after buying an additional 223,149 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in XL Group PLC during the first quarter valued at $1,075,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of XL Group PLC (NYSE:XL) traded up 2.35% during trading on Friday, reaching $33.99. 2,447,711 shares of the company’s stock were exchanged. XL Group PLC has a 12 month low of $30.33 and a 12 month high of $40.48. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 31.36 and a beta of 1.08. The stock has a 50-day moving average price of $33.98 and a 200 day moving average price of $34.01.
XL Group PLC (NYSE:XL) last issued its earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.23. XL Group PLC had a return on equity of 3.47% and a net margin of 3.12%. The business earned $2.72 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. XL Group PLC’s revenue was up 29.6% on a year-over-year basis. On average, analysts forecast that XL Group PLC will post $1.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Tuesday, September 13th. XL Group PLC’s dividend payout ratio (DPR) is 74.77%.
Several research analysts have weighed in on XL shares. Citigroup Inc. restated a “neutral” rating on shares of XL Group PLC in a report on Tuesday, June 21st. Zacks Investment Research downgraded shares of XL Group PLC from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 29th. Bank of America Corp. restated a “buy” rating and set a $44.00 price objective on shares of XL Group PLC in a report on Thursday, July 14th. Deutsche Bank AG upped their price objective on shares of XL Group PLC from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Finally, Credit Suisse Group AG set a $37.00 price objective on shares of XL Group PLC and gave the stock a “hold” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. XL Group PLC presently has an average rating of “Hold” and a consensus price target of $39.78.
XL Group PLC Company 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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