XL Group Ltd (NYSE:XL) has received an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $48.43.

Separately, Zacks Investment Research downgraded XL Group from a “hold” rating to a “sell” rating in a report on Friday, August 3rd.

XL Group stock opened at $57.59 on Wednesday. The stock has a market capitalization of $14.90 billion, a PE ratio of -28.65, a PEG ratio of 1.92 and a beta of 0.40. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. XL Group has a 12 month low of $33.77 and a 12 month high of $57.60.

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

The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.53%. XL Group’s payout ratio is currently -43.78%.

Several large investors have recently made changes to their positions in the stock. Royal London Asset Management Ltd. purchased a new stake in shares of XL Group during the 2nd quarter valued at about $5,658,000. Northern Trust Corp raised its holdings in shares of XL Group by 1.7% during the 2nd quarter. Northern Trust Corp now owns 3,111,263 shares of the insurance provider’s stock valued at $174,075,000 after buying an additional 51,618 shares during the period. Exane Asset Management raised its holdings in shares of XL Group by 58.3% during the 2nd quarter. Exane Asset Management now owns 95,000 shares of the insurance provider’s stock valued at $5,315,000 after buying an additional 35,000 shares during the period. WINTON GROUP Ltd raised its holdings in shares of XL Group by 2.8% during the 2nd quarter. WINTON GROUP Ltd now owns 112,711 shares of the insurance provider’s stock valued at $6,306,000 after buying an additional 3,024 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of XL Group by 1,184.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 115,754 shares of the insurance provider’s stock valued at $404,000 after buying an additional 106,744 shares during the period. Institutional investors and hedge funds own 78.52% of the company’s stock.

About XL Group

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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Analyst Recommendations for XL Group (NYSE:XL)

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