XL Group (XL) Receives News Impact Rating of 0.01
Press coverage about XL Group (NYSE:XL) has been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. XL Group earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 47.4290384166651 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- XL Group Ltd. breached its 50 day moving average in a Bullish Manner : XL-US : October 16, 2017 (finance.yahoo.com)
- XL Group Ltd. (XL) to Release Earnings on Tuesday (americanbankingnews.com)
- XL Group Ltd. (XL) Price Target Cut to $47.00 (americanbankingnews.com)
- Comparing Conifer Holdings (CNFR) and XL Group (XL) (americanbankingnews.com)
- Q3 2017 EPS Estimates for XL Group Ltd. Raised by Langen Mcalenn (XL) (americanbankingnews.com)
XL Group (XL) opened at 42.02 on Wednesday. The company has a 50-day moving average of $39.62 and a 200 day moving average of $42.20. XL Group has a 52-week low of $33.22 and a 52-week high of $47.27. The company has a market cap of $10.84 billion, a PE ratio of 13.74 and a beta of 1.00.
XL Group (NYSE:XL) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.78 billion. XL Group had a net margin of 7.53% and a return on equity of 4.88%. During the same quarter in the previous year, the business earned $0.37 earnings per share. Equities research analysts predict that XL Group will post ($1.29) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.09%. XL Group’s dividend payout ratio (DPR) is presently 28.57%.
A number of equities research analysts have weighed in on the company. Deutsche Bank AG downgraded XL Group from a “hold” rating to a “sell” rating and decreased their price objective for the company from $42.00 to $37.00 in a report on Friday, October 13th. BidaskClub downgraded XL Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup Inc. reduced their target price on XL Group from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Barclays PLC reduced their target price on XL Group from $51.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday. Finally, ValuEngine downgraded XL Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. XL Group presently has a consensus rating of “Hold” and an average price target of $45.33.
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In other news, Director Joseph Mauriello sold 3,043 shares of XL Group stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $44.55, for a total transaction of $135,565.65. Following the transaction, the director now owns 55,008 shares in the company, valued at $2,450,606.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.02% of the stock is currently owned by insiders.
XL Group 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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