XL Group PLC (XL) Sees Large Volume Increase
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 research analysts recently weighed in on the company. Bank of America Corp. reissued a “buy” rating on shares of XL Group PLC in a research report on Monday, June 6th. Royal Bank Of Canada reissued 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 decreased 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 reissued a “hold” rating on shares of XL Group PLC in a research report on Thursday, May 26th. Finally, Morgan Stanley reissued 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 issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $40.00.
The firm has a market cap of $9.23 billion and a price-to-earnings ratio of 30.97. The company has a 50-day moving average of $33.25 and a 200 day moving average of $34.27.
XL Group PLC (NYSE:XL) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.23. During the same period in the prior year, the company earned $0.84 earnings per share. The company earned $2.72 billion during the quarter, compared to the consensus estimate of $2.40 billion. The firm’s revenue was up 29.6% compared to the same quarter last year. On average, analysts anticipate that XL Group PLC will post $1.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued 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. Airain ltd increased its stake in shares of XL Group PLC (NYSE:XL) by 69.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 78,498 shares of the company’s stock after buying an additional 32,234 shares during the period. Airain ltd’s holdings in XL Group PLC were worth $3,076,000 as of its most recent filing with the SEC.
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).