FY2018 EPS Estimates for XL Group Ltd. (XL) Increased by B. Riley

XL Group Ltd. (NYSE:XL) – Equities research analysts at B. Riley boosted their FY2018 earnings per share (EPS) estimates for XL Group in a research report issued to clients and investors on Tuesday. B. Riley analyst R. Binner now forecasts that the insurance provider will post earnings per share of $3.65 for the year, up from their previous forecast of $3.55. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for XL Group’s FY2019 earnings at $3.65 EPS.

A number of other equities analysts have also recently issued reports on XL. Deutsche Bank raised shares of XL Group from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Citigroup raised their target price on shares of XL Group from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Zacks Investment Research raised shares of XL Group from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. TheStreet cut shares of XL Group from a “b” rating to a “c” rating in a report on Tuesday, October 24th. Finally, ValuEngine cut shares of XL Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.67.

Shares of XL Group (NYSE XL) traded down $0.55 during midday trading on Wednesday, reaching $42.95. 832,276 shares of the company’s stock were exchanged, compared to its average volume of 4,093,280. The company has a current ratio of 0.08, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28. XL Group has a 1 year low of $33.77 and a 1 year high of $47.27.

XL Group (NYSE:XL) last issued its earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. XL Group had a negative net margin of 4.95% and a negative return on equity of 4.25%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $0.47 earnings per share.

In related news, Director John Kcb Vereker sold 2,697 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were 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 $2,431,588.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Lee Cross sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $39.00, for a total transaction 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. In the last ninety days, insiders have sold 112,697 shares of company stock worth $4,493,383. Corporate insiders own 3.02% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of XL Group by 5.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,073,834 shares of the insurance provider’s stock valued at $635,477,000 after acquiring an additional 1,000,934 shares during the period. Boston Partners increased its stake in shares of XL Group by 112.6% during the fourth quarter. Boston Partners now owns 11,902,560 shares of the insurance provider’s stock valued at $418,494,000 after acquiring an additional 6,304,849 shares during the period. JPMorgan Chase & Co. increased its stake in shares of XL Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 8,783,932 shares of the insurance provider’s stock valued at $343,540,000 after acquiring an additional 925,470 shares during the period. Janus Henderson Group PLC increased its stake in shares of XL Group by 45.1% during the third quarter. Janus Henderson Group PLC now owns 5,071,040 shares of the insurance provider’s stock valued at $200,052,000 after acquiring an additional 1,577,318 shares during the period. Finally, Altrinsic Global Advisors LLC increased its stake in shares of XL Group by 28.1% during the fourth quarter. Altrinsic Global Advisors LLC now owns 4,064,274 shares of the insurance provider’s stock valued at $142,900,000 after acquiring an additional 891,929 shares during the period. Institutional investors and hedge funds own 98.97% of the company’s stock.

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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).

Earnings History and Estimates for XL Group (NYSE:XL)

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