Employees Retirement System of Texas cut its holdings in XL Group Ltd (NYSE:XL) by 88.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the insurance provider’s stock after selling 103,600 shares during the quarter. Employees Retirement System of Texas’ holdings in XL Group were worth $783,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XL. SG3 Management LLC boosted its stake in shares of XL Group by 6.7% during the second quarter. SG3 Management LLC now owns 16,000 shares of the insurance provider’s stock valued at $895,000 after purchasing an additional 1,000 shares in the last quarter. Kwmg LLC boosted its stake in shares of XL Group by 2.2% during the second quarter. Kwmg LLC now owns 49,545 shares of the insurance provider’s stock valued at $2,772,000 after purchasing an additional 1,057 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of XL Group by 8.4% during the second quarter. CIBC Asset Management Inc now owns 17,168 shares of the insurance provider’s stock valued at $961,000 after purchasing an additional 1,335 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of XL Group by 4.4% during the second quarter. DnB Asset Management AS now owns 33,410 shares of the insurance provider’s stock valued at $1,869,000 after purchasing an additional 1,400 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of XL Group by 6.6% during the second quarter. KBC Group NV now owns 24,587 shares of the insurance provider’s stock valued at $1,375,000 after purchasing an additional 1,530 shares in the last quarter. 78.15% of the stock is currently owned by institutional investors and hedge funds.

XL Group stock opened at $57.18 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $14.80 billion, a P/E ratio of -28.45, a P/E/G ratio of 1.91 and a beta of 0.40. XL Group Ltd has a one year low of $33.77 and a one year high of $57.44.

XL Group (NYSE:XL) last posted its quarterly earnings data on Tuesday, July 31st. The insurance provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.06). The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.90 billion. XL Group had a negative return on equity of 4.21% and a negative net margin of 4.67%. equities analysts predict that XL Group Ltd will post 3.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, September 13th. XL Group’s dividend payout ratio is currently -43.78%.

Separately, Zacks Investment Research lowered XL Group from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.66.

XL Group Company Profile

XL Group Ltd, through its subsidiaries, operates as an insurance and reinsurance company worldwide. The company's Insurance segment offers primary and excess casualty, environmental liability, professional liability, property, excess and surplus lines, U.S. program/facilities, and construction business products.

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

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