Shares of XL Group Ltd. (NYSE:XL) traded up 5.8% during trading on Friday . The company traded as high as $39.09 and last traded at $38.61. 6,561,139 shares changed hands during trading, an increase of 287% from the average session volume of 1,697,220 shares. The stock had previously closed at $36.48.

A number of analysts recently commented on the company. BidaskClub lowered XL Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup Inc. lifted their price target on XL Group from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 13th. ValuEngine upgraded XL Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. J P Morgan Chase & Co upgraded XL Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $52.00 in a report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price target on shares of XL Group in a report on Tuesday, August 29th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $46.50.

The stock has a market cap of $9.96 billion, a PE ratio of 12.63 and a beta of 1.01. The stock’s 50 day moving average is $43.22 and its 200 day moving average is $42.31.

XL Group (NYSE:XL) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.78 billion. XL Group had a return on equity of 4.88% and a net margin of 7.53%. During the same period in the prior year, the firm earned $0.37 EPS. Equities research analysts predict that XL Group Ltd. will post $3.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.28%. XL Group’s payout ratio is 28.57%.

In other news, Director Joseph Mauriello sold 3,043 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $44.55, for a total transaction of $135,565.65. Following the transaction, the director now directly owns 55,008 shares of the company’s stock, valued at approximately $2,450,606.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.02% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its holdings in XL Group by 19.9% in the 2nd quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock worth $101,000 after purchasing an additional 384 shares during the period. Manchester Capital Management LLC bought a new position in XL Group in the 2nd quarter worth $120,000. Advisor Group Inc. raised its holdings in XL Group by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock worth $180,000 after purchasing an additional 747 shares during the period. Group One Trading L.P. bought a new position in XL Group in the 2nd quarter worth $192,000. Finally, Pinnacle Financial Partners Inc. bought a new position in XL Group in the 2nd quarter worth $202,000. 95.27% of the stock is currently owned by institutional investors.

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About XL Group

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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