Q1 2018 EPS Estimates for XL Group Ltd. (XL) Increased by Analyst
XL Group Ltd. (NYSE:XL) – Research analysts at Langen Mcalenn boosted their Q1 2018 earnings per share estimates for shares of XL Group in a report released on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will earn $0.90 per share for the quarter, up from their previous forecast of $0.81. Langen Mcalenn also issued estimates for XL Group’s Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.60 EPS, Q4 2019 earnings at $1.04 EPS and FY2019 earnings at $3.95 EPS.
Other research analysts also recently issued research reports about the company. Barclays restated a “buy” rating and set a $42.00 price target on shares of XL Group in a report on Tuesday, January 9th. Zacks Investment Research downgraded XL Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 13th. Deutsche Bank downgraded XL Group from a “hold” rating to a “sell” rating and reduced their price target for the company from $42.00 to $37.00 in a report on Friday, October 13th. Royal Bank of Canada restated a “buy” rating and set a $46.00 price target on shares of XL Group in a report on Friday, December 8th. Finally, Bank of America reduced their price target on XL Group from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $44.67.
XL Group (NYSE:XL) last released its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.73 billion. XL Group had a negative return on equity of 4.25% and a negative net margin of 4.95%. During the same quarter in the previous year, the business earned $0.47 earnings per share.
In other XL Group news, Director John Kcb Vereker sold 2,697 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $36.59, for a total transaction of $98,683.23. Following the transaction, the director now owns 66,455 shares in the company, valued at approximately $2,431,588.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Lee Cross sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $39.00, for a total value of $780,000.00. Following the transaction, the insider now owns 58,688 shares in the company, valued at approximately $2,288,832. The disclosure for this sale can be found here. 3.02% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. SeaCrest Wealth Management LLC bought a new stake in shares of XL Group in the 4th quarter worth approximately $110,000. NuWave Investment Management LLC bought a new stake in shares of XL Group in the 4th quarter worth approximately $163,000. Advisor Group Inc. boosted its position in shares of 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 in the last quarter. Synovus Financial Corp bought a new stake in shares of XL Group in the 3rd quarter worth approximately $217,000. Finally, Stephens Inc. AR bought a new stake in shares of XL Group in the 4th quarter worth approximately $223,000. 98.65% of the stock is currently owned by hedge funds and other institutional investors.
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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