XL Group Ltd. (XL) Position Held by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. continued to hold its position in shares of XL Group Ltd. (NYSE:XL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,250 shares of the insurance provider’s stock at the end of the second quarter. Edmond DE Rothschild Holding S.A.’s holdings in XL Group were worth $142,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased 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 valued at $101,000 after buying an additional 384 shares during the period. Manchester Capital Management LLC bought a new position in XL Group in the 2nd quarter valued at about $120,000. Pinnacle Financial Partners Inc. bought a new position in XL Group in the 2nd quarter valued at about $202,000. Gotham Asset Management LLC bought a new position in XL Group in the 1st quarter valued at about $228,000. Finally, Columbia Partners L L C Investment Management bought a new position in XL Group in the 1st quarter valued at about $229,000. 95.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of XL Group Ltd. (XL) opened at 39.64 on Friday. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 12.96 and a beta of 1.01. XL Group Ltd. has a one year low of $32.81 and a one year high of $47.27. The company’s 50 day moving average is $42.15 and its 200 day moving average is $42.28.
XL Group (NYSE:XL) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.78 billion. XL Group had a net margin of 7.53% and a return on equity of 4.88%. During the same period last year, the firm posted $0.37 earnings per share. Equities research analysts predict that XL Group Ltd. will post $3.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, September 14th. XL Group’s dividend payout ratio is currently 28.57%.
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In related news, Director Joseph Mauriello sold 3,043 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $44.55, for a total value of $135,565.65. Following the sale, the director now directly owns 55,008 shares of the company’s stock, valued at $2,450,606.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.02% of the company’s stock.
Several equities analysts have commented on XL shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $50.00 target price on shares of XL Group in a report on Thursday. BidaskClub lowered shares of XL Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Buckingham Research started coverage on shares of XL Group in a report on Monday, September 11th. They issued a “neutral” rating and a $42.00 target price on the stock. Barclays PLC reissued an “overweight” rating and issued a $51.00 target price (up from $46.00) on shares of XL Group in a report on Monday, July 3rd. Finally, UBS AG decreased their target price on shares of XL Group from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. XL Group has a consensus rating of “Hold” and an average price target of $46.36.
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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