Teacher Retirement System of Texas cut its position in shares of XL Group Ltd. (NYSE:XL) by 23.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 554,295 shares of the insurance provider’s stock after selling 167,469 shares during the period. Teacher Retirement System of Texas’ holdings in XL Group were worth $19,489,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in shares of XL Group during the 4th quarter worth about $110,000. Advisor Group Inc. boosted its holdings in shares of XL Group by 22.1% during 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. Synovus Financial Corp bought a new stake in shares of XL Group during the 3rd quarter worth about $217,000. Stephens Inc. AR bought a new stake in shares of XL Group during the 4th quarter worth about $223,000. Finally, Achmea Investment Management B.V. bought a new stake in shares of XL Group during the 3rd quarter worth about $227,000. Institutional investors own 98.65% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of XL Group from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup lifted their target price on shares of XL Group from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Deutsche Bank raised shares of XL Group from a “sell” rating to a “hold” rating in a report on Thursday. Barclays reaffirmed a “buy” rating and set a $42.00 target price on shares of XL Group in a report on Tuesday, January 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 target price on shares of XL Group in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. XL Group has an average rating of “Hold” and an average target price of $44.67.

Shares of XL Group Ltd. (XL) opened at $41.86 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.08 and a debt-to-equity ratio of 0.28. The stock has a market cap of $10,560.00, a PE ratio of -19.38, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95. XL Group Ltd. has a twelve month low of $33.77 and a twelve month high of $47.27.

XL Group (NYSE:XL) last posted its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.07. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.73 billion. XL Group had a negative net margin of 4.95% and a negative return on equity of 4.25%. During the same quarter in the previous year, the firm posted $0.47 EPS. equities research analysts expect that XL Group Ltd. will post 3.68 earnings per share for the current fiscal year.

In other news, CFO Stephen Robb sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Lee Cross sold 70,000 shares of the business’s stock in a transaction that occurred 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. Insiders sold a total of 112,697 shares of company stock valued at $4,493,383 in the last three months. Insiders own 3.02% of the company’s stock.

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

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