November 29, 2016 - By Darrin Black · 0 Comments
XL Group PLC (NYSE:XL) institutional sentiment decreased to 0.02 in 2016 Q2. Its down -0.74, from 0.76 in 2016Q1. The ratio worsened, as 126 hedge funds opened new or increased holdings, while 166 decreased and sold stock positions in XL Group PLC. The hedge funds in our partner’s database now possess: 225.39 million shares, down from 266.02 million shares in 2016Q1. Also, the number of hedge funds holding XL Group PLC in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 58 Reduced: 108 Increased: 93 New Position: 33.
About 736,854 shares traded hands. XL Group Ltd. (NYSE:XL) has risen 2.98% since April 26, 2016 and is uptrending. It has underperformed by 2.28% the S&P500.
Analysts await XL Group Ltd. (NYSE:XL) to report earnings on February, 1. They expect $0.52 EPS, down 20.00% or $0.13 from last year’s $0.65 per share. XL’s profit will be $141.71M for 17.55 P/E if the $0.52 EPS becomes a reality. After $0.44 actual EPS reported by XL Group Ltd. for the previous quarter, Wall Street now forecasts 18.18% EPS growth.
According to Zacks Investment Research, “XL Group Limited provides insurance and reinsurance coverage to industrial, commercial and professional service firms, insurance companies and other enterprises. The Company’s operating segment consists of Insurance and Reinsurance. Insurance product segment includes Global Casualty, Global Energy Property, & Construction; Global Professional and Global Specialty. Reinsurance segment provides casualty, property risk, property catastrophe, specialty and other reinsurance lines. XL Group Limited, formerly known as XL Group plc, is based in Hamilton, Bermuda.”
Kempner Capital Management Inc. holds 3.93% of its portfolio in XL Group Ltd. for 183,668 shares. Breithorn Capital Management owns 141,550 shares or 3.6% of their US portfolio. Moreover, New Vernon Investment Management Llc has 2.79% invested in the company for 95,750 shares. The California-based Private Management Group Inc has invested 2.42% in the stock. Endeavour Capital Advisors Inc, a Connecticut-based fund reported 532,384 shares.#img1#
Ratings analysis reveals 33% of XL Group Plc’s analysts are positive. Out of 12 Wall Street analysts rating XL Group Plc, 4 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $30 while the high is $45. The stock’s average target of $40.75 is 11.64% above today’s ($36.5) share price. XL was included in 16 notes of analysts from August 5, 2015. The firm earned “Mkt Perform” rating on Tuesday, August 25 by Bruyette & Woods;KBW; KBW”. Citigroup initiated the shares of XL in a report on Tuesday, November 22 with “Neutral” rating. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 7. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, August 11. The firm has “Neutral” rating by Credit Suisse given on Monday, January 11. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, April 28. Keefe Bruyette & Woods upgraded XL Group Ltd. (NYSE:XL) on Tuesday, August 25 to “Outperform” rating. Deutsche Bank maintained the shares of XL in a report on Friday, August 7 with “Hold” rating.
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 Third Quarter 2016 Results” on October 26, 2016, also Prnewswire.com with their article: “XL Catlin Names Global Claims Practice Leader for Political Risk & Trade …” published on November 16, 2016, Prnewswire.com published: “XL Catlin Adds Terrorism & Political Violence Coverage Options To Platinum …” on November 17, 2016. More interesting news about XL Group Ltd. (NYSE:XL) were released by: Prnewswire.com and their article: “XL Catlin Appoints New Global Excess Casualty Insurance Leader” published on November 09, 2016 as well as Prnewswire.com‘s news article titled: “XL Catlin’s North America Property Insurance Team Promotes Two in US and Bermuda” with publication date: November 07, 2016.
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By Darrin Black