Trexquant Investment LP bought a new stake in XL Group Ltd. (NYSE:XL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,452 shares of the insurance provider’s stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Achmea Investment Management B.V. acquired a new stake in shares of XL Group in the third quarter worth $227,000. JPMorgan Chase & Co. lifted its stake in shares of XL Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 8,783,932 shares of the insurance provider’s stock worth $343,540,000 after buying an additional 925,470 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of XL Group by 7.2% in the third quarter. Nordea Investment Management AB now owns 59,557 shares of the insurance provider’s stock worth $2,350,000 after buying an additional 4,002 shares during the last quarter. NorthCoast Asset Management LLC lifted its stake in shares of XL Group by 83.0% in the third quarter. NorthCoast Asset Management LLC now owns 63,104 shares of the insurance provider’s stock worth $2,489,000 after buying an additional 28,628 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of XL Group by 16.7% in the third quarter. Oppenheimer & Co. Inc. now owns 37,352 shares of the insurance provider’s stock worth $1,474,000 after buying an additional 5,354 shares during the last quarter. Hedge funds and other institutional investors own 99.06% of the company’s stock.

XL has been the subject of a number of analyst reports. UBS reduced their price objective on shares of XL Group from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. ValuEngine upgraded shares of XL Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $50.00 target price on shares of XL Group in a research note on Thursday, September 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 target price on shares of XL Group in a research note on Tuesday, August 29th. Finally, Bank of America cut their target price on shares of XL Group from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $45.50.

Shares of XL Group Ltd. (NYSE:XL) traded down $0.37 during trading on Friday, reaching $38.45. 1,720,000 shares of the company’s stock traded hands, compared to its average volume of 2,211,736. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.35. XL Group Ltd. has a 12-month low of $35.77 and a 12-month high of $47.27.

XL Group (NYSE:XL) last announced its quarterly earnings results on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.91) by ($0.09). The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.11 billion. XL Group had a negative net margin of 2.51% and a negative return on equity of 4.03%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. analysts expect that XL Group Ltd. will post -1.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.29%. The ex-dividend date is Thursday, December 14th. XL Group’s dividend payout ratio (DPR) is presently -71.54%.

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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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Institutional Ownership by Quarter for XL Group (NYSE:XL)

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