Westwood Holdings Group Inc. reduced its position in shares of XL Group Ltd. (NYSE:XL) by 80.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 196,338 shares of the insurance provider’s stock after selling 801,079 shares during the quarter. Westwood Holdings Group Inc. owned 0.08% of XL Group worth $6,903,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in XL. SeaCrest Wealth Management LLC bought a new position in shares of XL Group during the 4th quarter valued at approximately $110,000. Earnest Partners LLC bought a new position in shares of XL Group during the 4th quarter valued at approximately $150,000. NuWave Investment Management LLC bought a new position in shares of XL Group during the 4th quarter valued at approximately $163,000. Advisor Group Inc. grew its stake in shares of XL Group by 28.0% during the 4th quarter. Advisor Group Inc. now owns 5,257 shares of the insurance provider’s stock valued at $185,000 after acquiring an additional 1,150 shares during the period. Finally, Synovus Financial Corp bought a new position in shares of XL Group during the 3rd quarter valued at approximately $217,000. Institutional investors and hedge funds own 98.97% of the company’s stock.
In related news, General Counsel Gould Kirstin Romann sold 62,290 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.09, for a total transaction of $2,684,076.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Susan Lee Cross sold 20,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $39.00, for a total value of $780,000.00. Following the sale, 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. Insiders have sold a total of 172,290 shares of company stock worth $7,078,776 over the last ninety days. Insiders own 3.02% of the company’s stock.
A number of brokerages recently issued reports on XL. UBS downgraded XL Group from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Monday. JMP Securities downgraded XL Group from an “outperform” rating to a “market perform” rating in a research note on Monday, March 12th. Citigroup upped their price target on XL Group from $43.00 to $57.60 and gave the stock a “neutral” rating in a research note on Friday, March 9th. Keefe, Bruyette & Woods downgraded XL Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 8th. Finally, Sandler O’Neill restated a “hold” rating and issued a $43.00 price target on shares of XL Group in a research note on Friday, March 2nd. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.72.
Shares of XL Group Ltd. (NYSE XL) opened at $55.44 on Tuesday. XL Group Ltd. has a twelve month low of $33.77 and a twelve month high of $56.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.36 and a current ratio of 0.36.
XL Group (NYSE:XL) last issued its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.73 billion. XL Group had a negative return on equity of 4.25% and a negative net margin of 4.95%. During the same period in the prior year, the firm earned $0.47 EPS. research analysts anticipate that XL Group Ltd. will post 3.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 1.59%. XL Group’s dividend payout ratio (DPR) is -39.29%.
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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).
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