Q3 2017 EPS Estimates for XL Group Ltd. Raised by Langen Mcalenn (XL)
XL Group Ltd. (NYSE:XL) – Research analysts at Langen Mcalenn upped their Q3 2017 earnings per share (EPS) estimates for shares of XL Group in a research note issued on Wednesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn ($3.89) per share for the quarter, up from their prior forecast of ($5.42). Langen Mcalenn also issued estimates for XL Group’s Q4 2017 earnings at $1.02 EPS, FY2017 earnings at ($1.36) EPS, Q1 2018 earnings at $0.82 EPS, Q2 2018 earnings at $0.91 EPS, Q3 2018 earnings at $0.73 EPS and Q4 2018 earnings at $1.04 EPS.
XL Group (NYSE:XL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.78 billion. XL Group had a return on equity of 4.88% and a net margin of 7.53%. During the same period in the prior year, the business posted $0.37 EPS. COPYRIGHT VIOLATION NOTICE: This article was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://theolympiareport.com/2017/10/16/q3-2017-eps-estimates-for-xl-group-ltd-raised-by-langen-mcalenn-xl.html.
Several other research firms have also recently weighed in on XL. ValuEngine raised XL Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut XL Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Citigroup Inc. upped their price target on XL Group from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, July 13th. BidaskClub raised XL Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of XL Group in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. XL Group has a consensus rating of “Hold” and an average target price of $45.67.
XL Group (XL) opened at 41.51 on Monday. XL Group has a 52-week low of $33.22 and a 52-week high of $47.27. The firm’s 50-day moving average price is $39.62 and its 200-day moving average price is $42.20. The firm has a market cap of $10.71 billion, a P/E ratio of 13.57 and a beta of 1.00.
Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc boosted its holdings in XL Group by 19.9% during the 2nd quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 384 shares during the period. Manchester Capital Management LLC purchased a new stake in XL Group in the 2nd quarter worth approximately $120,000. Advisor Group Inc. lifted its holdings in XL Group by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock worth $180,000 after buying an additional 747 shares during the period. Group One Trading L.P. purchased a new stake in XL Group in the 2nd quarter worth approximately $192,000. Finally, Pinnacle Financial Partners Inc. purchased a new stake in XL Group in the 2nd quarter worth approximately $202,000. Institutional investors own 95.26% of the company’s stock.
In other news, Director Joseph Mauriello sold 3,043 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $44.55, for a total transaction of $135,565.65. Following the transaction, the director now directly owns 55,008 shares in the company, valued at approximately $2,450,606.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.02% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.12%. XL Group’s dividend payout ratio is currently 28.57%.
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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