XL Group Ltd. (NYSE:XL) was up 0.2% during trading on Thursday . The company traded as high as $42.39 and last traded at $41.90. Approximately 8,602,746 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 4,034,221 shares. The stock had previously closed at $42.00.

A number of equities research analysts recently commented on XL shares. Barclays reiterated a “buy” rating and issued a $42.00 target price on shares of XL Group in a research report on Tuesday, January 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $46.00 target price on shares of XL Group in a research report on Friday, December 8th. UBS Group upped their target price on XL Group from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, October 30th. TheStreet lowered XL Group from a “b” rating to a “c” rating in a research report on Tuesday, October 24th. Finally, Deutsche Bank upgraded XL Group from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $44.67.

The company has a quick ratio of 0.35, a current ratio of 0.08 and a debt-to-equity ratio of 0.28. The company has a market cap of $10,560.00, a P/E ratio of -19.38, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95.

XL Group (NYSE:XL) last announced its earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The business had revenue of $2.91 billion during 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 period in the prior year, the company posted $0.47 EPS. research analysts anticipate that XL Group Ltd. will post 3.68 EPS for the current fiscal year.

In other news, 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 transaction of $780,000.00. Following the completion of the transaction, the insider now directly owns 58,688 shares of the company’s stock, valued at approximately $2,288,832. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $98,683.23. Following the transaction, the director now directly owns 66,455 shares of the company’s stock, valued at $2,431,588.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,697 shares of company stock valued at $4,493,383. Corporate insiders own 3.02% of the company’s stock.

Several hedge funds have recently made changes to their positions in XL. SeaCrest Wealth Management LLC acquired a new position in shares of XL Group during the 4th quarter worth approximately $110,000. NuWave Investment Management LLC acquired a new position in XL Group in the 4th quarter valued at $163,000. Advisor Group Inc. raised its stake in XL Group by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock valued at $180,000 after purchasing an additional 747 shares during the last quarter. Synovus Financial Corp acquired a new position in XL Group in the 3rd quarter valued at $217,000. Finally, Stephens Inc. AR acquired a new position in XL Group in the 4th quarter valued at $223,000. 98.65% of the stock is owned by institutional investors and hedge funds.

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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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