Stephens Inc. AR Invests $223,000 in XL Group Ltd. (XL)

Stephens Inc. AR purchased a new stake in shares of XL Group Ltd. (NYSE:XL) during the 4th quarter, Holdings Channel reports. The fund purchased 6,343 shares of the insurance provider’s stock, valued at approximately $223,000.

Several other institutional investors also recently made changes to their positions in XL. Boston Partners grew its holdings in shares of XL Group by 112.6% during the 4th quarter. Boston Partners now owns 11,902,560 shares of the insurance provider’s stock valued at $418,494,000 after purchasing an additional 6,304,849 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of XL Group by 31.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,072,900 shares of the insurance provider’s stock valued at $673,526,000 after purchasing an additional 4,077,346 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of XL Group by 45.1% during the 3rd quarter. Janus Henderson Group PLC now owns 5,071,040 shares of the insurance provider’s stock valued at $200,052,000 after purchasing an additional 1,577,318 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of XL Group by 49.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,557,080 shares of the insurance provider’s stock valued at $140,317,000 after purchasing an additional 1,173,380 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in XL Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,783,932 shares of the insurance provider’s stock worth $343,540,000 after acquiring an additional 925,470 shares during the last quarter. 98.97% of the stock is currently owned by institutional investors.

Shares of XL Group Ltd. (XL) opened at $43.50 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.08 and a quick ratio of 0.35. XL Group Ltd. has a 12 month low of $33.77 and a 12 month high of $47.27. The company has a market cap of $10,651.01, a price-to-earnings ratio of -19.42, a PEG ratio of 1.26 and a beta of 0.95.

XL Group (NYSE:XL) last posted its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 EPS for the quarter, beating 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 company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the firm posted $0.47 EPS. sell-side analysts anticipate that XL Group Ltd. will post 3.68 earnings per share for the current year.

In other news, CFO Stephen Robb sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Susan Lee Cross sold 70,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $40.21, for a total transaction of $2,814,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,697 shares of company stock worth $4,493,383. Insiders own 3.02% of the company’s stock.

A number of research firms have weighed in on XL. TheStreet lowered shares of XL Group from a “b” rating to a “c” rating in a report on Tuesday, October 24th. UBS Group boosted their target price on shares of XL Group from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Barclays reissued a “buy” rating and set a $42.00 target price on shares of XL Group in a report on Tuesday, January 9th. B. Riley reissued a “neutral” rating on shares of XL Group in a report on Monday, November 6th. Finally, Credit Suisse Group boosted their target price on shares of XL Group from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.67.

COPYRIGHT VIOLATION WARNING: “Stephens Inc. AR Invests $223,000 in XL Group Ltd. (XL)” was first published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.themarketsdaily.com/2018/02/15/stephens-inc-ar-invests-223000-in-xl-group-ltd-xl.html.

About XL Group

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).

Want to see what other hedge funds are holding XL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XL Group Ltd. (NYSE:XL).

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

Receive News & Ratings for XL Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XL Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply