XL Group (XL) Earning Somewhat Positive Media Coverage, Analysis Finds
News articles about XL Group (NYSE:XL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. XL Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 46.9583629886699 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- XL Catlin Appoints Farzina Coladon as Lead Fine Art and Specie Underwriter in Canada (finance.yahoo.com)
- Avoid XL Group (XL), Add These 3 Insurance Stocks Instead (finance.yahoo.com)
- XL Group Ltd. (XL) Short Interest Up 35.8% in October (americanbankingnews.com)
- XL Group Ltd. breached its 50 day moving average in a Bearish Manner : XL-US … (investing.com)
- XL Group Ltd. breached its 50 day moving average in a Bearish Manner : XL-US : November 13, 2017 (finance.yahoo.com)
XL Group (NYSE XL) traded down $0.56 during trading hours on Friday, hitting $38.67. 2,303,800 shares of the stock traded hands, compared to its average volume of 1,929,668. XL Group has a one year low of $35.70 and a one year high of $47.27. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.28.
XL Group (NYSE:XL) last issued its quarterly earnings data on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.91) by ($0.09). XL Group had a negative return on equity of 4.03% and a negative net margin of 2.51%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. equities analysts predict that XL Group will post -1.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 14th. XL Group’s payout ratio is -71.54%.
Several research firms have weighed in on XL. Deutsche Bank AG downgraded shares of XL Group from a “hold” rating to a “sell” rating and decreased their price target for the company from $42.00 to $37.00 in a research note on Friday, October 13th. BidaskClub downgraded shares of XL Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Citigroup Inc. decreased their price target on shares of XL Group from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Barclays PLC decreased their price target on shares of XL Group from $51.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, October 16th. Finally, TheStreet downgraded shares of XL Group from a “b” rating to a “c” rating in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. XL Group presently has a consensus rating of “Hold” and an average target price of $45.50.
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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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