Prudential Financial Inc. increased its position in XL Group PLC (NYSE:XL) by 255.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,108,891 shares of the company’s stock after buying an additional 1,515,007 shares during the period. Prudential Financial Inc.’s holdings in XL Group PLC were worth $70,922,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in XL. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in XL Group PLC during the second quarter worth approximately $121,742,000. Emerald Acquisition Ltd. bought a new stake in XL Group PLC during the second quarter worth approximately $61,288,000. JPMorgan Chase & Co. boosted its stake in XL Group PLC by 21.3% in the second quarter. JPMorgan Chase & Co. now owns 9,969,772 shares of the company’s stock worth $332,094,000 after buying an additional 1,749,358 shares in the last quarter. Cambiar Investors LLC bought a new stake in XL Group PLC during the second quarter worth approximately $57,967,000. Finally, Westwood Holdings Group Inc. bought a new stake in XL Group PLC during the second quarter worth approximately $31,455,000. 88.51% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for XL Group PLC (NYSE:XL)

XL Group PLC (NYSE:XL) opened at 36.49 on Wednesday. XL Group PLC has a one year low of $30.33 and a one year high of $40.48. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 28.78 and a beta of 0.97. The stock has a 50 day moving average of $35.50 and a 200 day moving average of $34.02.

XL Group PLC (NYSE:XL) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. XL Group PLC had a net margin of 3.55% and a return on equity of 3.86%. The firm earned $2.13 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that XL Group PLC will post $1.70 earnings per share for the current year.

The business also recently disclosed a special dividend, which will be paid on Monday, January 2nd. Investors of record on Thursday, December 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. XL Group PLC’s dividend payout ratio (DPR) is 65.04%.

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XL has been the subject of a number of research reports. Janney Montgomery Scott cut shares of XL Group PLC from a “buy” rating to a “neutral” rating in a research note on Monday, September 12th. Keefe, Bruyette & Woods raised shares of XL Group PLC from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $42.00 to $44.00 in a research note on Thursday, August 25th. Macquarie upped their price objective on shares of XL Group PLC from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, August 29th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $37.00 price objective on shares of XL Group PLC in a research note on Monday, September 12th. Finally, TheStreet raised shares of XL Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.70.

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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