Short Interest Summary: Could XL Group Limited (NYSE:XL) Skyrocket? The Stock Has Too Many Sellers

November 22, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Summary: Could XL Group Limited (NYSE:XL) Skyrocket? The Stock Has Too Many Sellers

The stock of XL Group Limited (NYSE:XL) registered an increase of 7.59% in short interest. XL’s total short interest was 6.49M shares in November as published by FINRA. Its up 7.59% from 6.03M shares, reported previously. With 2.14M shares average volume, it will take short sellers 3 days to cover their XL’s short positions. The short interest to XL Group Limited’s float is 2.39%. The stock decreased 0.19% or $0.07 during the last trading session, hitting $37.36. XL Group Ltd. (NYSE:XL) has risen 1.66% since April 20, 2016 and is uptrending. It has underperformed by 2.90% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.02 in 2016 Q2. Its down 0.74, from 0.76 in 2016Q1. The ratio worsened, as 58 funds sold all XL Group Ltd. shares owned while 108 reduced positions. 33 funds bought stakes while 93 increased positions. They now own 225.39 million shares or 15.27% less from 266.02 million shares in 2016Q1.
Salzhauer Michael owns 7,500 shares or 0.2% of their US portfolio. Ladenburg Thalmann Ser has 0% invested in the company for 660 shares. Endurance Wealth Management holds 104 shares or 0% of its portfolio. Pnc Fincl Svcs, a Pennsylvania-based fund reported 10,962 shares. Moreover, Massachusetts Ma has 0.03% invested in XL Group Ltd. (NYSE:XL) for 1.90M shares. Amp Capital Invsts holds 0.05% or 226,016 shares in its portfolio. Commerzbank Aktiengesellschaft Fi accumulated 370,229 shares or 0.08% of the stock. New York State Common Retirement Fund, a New York-based fund reported 851,775 shares. Moreover, Andra Ap has 0.12% invested in XL Group Ltd. (NYSE:XL) for 141,900 shares. Franklin owns 22.56 million shares or 0.4% of their US portfolio. Moreover, Ameriprise Fin Inc has 0% invested in XL Group Ltd. (NYSE:XL) for 187,929 shares. Gateway Inv Advisers Ltd, a Ohio-based fund reported 427,380 shares. Srb Corporation reported 4,062 shares or 0.02% of all its holdings. Oregon Pub Employees Retirement Fund holds 55,405 shares or 0.04% of its portfolio. The Texas-based Barrow Hanley Mewhinney Strauss Limited has invested 0.19% in XL Group Ltd. (NYSE:XL).

XL Group Ltd. (NYSE:XL) Ratings Coverage

Out of 11 analysts covering XL Group Plc (NYSE:XL), 4 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 36% are positive. $45 is the highest target while $30 is the lowest. The $40.75 average target is 9.07% above today’s ($37.36) stock price. XL Group Plc has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 7. Bruyette & Woods;KBW; KBW” upgraded XL Group Ltd. (NYSE:XL) on Tuesday, August 25 to “Mkt Perform” rating. RBC Capital Markets maintained it with “Outperform” rating and $40 target price in Thursday, April 28 report. On Monday, January 11 the stock rating was downgraded by Credit Suisse to “Neutral”. Deutsche Bank maintained XL Group Ltd. (NYSE:XL) on Friday, August 7 with “Hold” rating. The rating was upgraded by Keefe Bruyette & Woods on Tuesday, August 25 to “Outperform”. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, August 11 report.

XL Company Profile

XL Group Ltd, formerly XL Group plc, incorporated on March 12, 2010, is an insurance and reinsurance firm providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises. The Firm operates through two divisions: Insurance and Reinsurance.

More notable recent XL Group Ltd. (NYSE:XL) news were published by: Prnewswire.com which released: “XL Group Ltd Announces Quarterly Dividend of $0.20 per Common Share; Also …” on October 28, 2016, also Prnewswire.com with their article: “XL Group Ltd* Announces Third Quarter 2016 Results” published on October 26, 2016, Prnewswire.com published: “XL Group Ltd Announces Third Quarter 2016 Results to be Released on Wednesday …” on October 07, 2016. More interesting news about XL Group Ltd. (NYSE:XL) were released by: Prnewswire.com and their article: “XL Catlin Appoints Rajiv Joshi as Construction Manager, Canada” published on November 02, 2016 as well as Prnewswire.com‘s news article titled: “XL Catlin Adds Employment Practices Liability Option To Design Professional …” with publication date: November 01, 2016.

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By Nellie Frank


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