Aperio Group LLC Has $5.26 Million Position in XL Group Ltd. (XL)
Aperio Group LLC lessened its position in XL Group Ltd. (NYSE:XL) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 149,580 shares of the insurance provider’s stock after selling 11,537 shares during the quarter. Aperio Group LLC’s holdings in XL Group were worth $5,259,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its stake in XL Group by 22.1% during the 2nd quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock valued at $180,000 after buying an additional 747 shares during the period. Stifel Financial Corp increased its stake in XL Group by 2.8% during the 2nd quarter. Stifel Financial Corp now owns 14,878 shares of the insurance provider’s stock valued at $650,000 after buying an additional 406 shares during the period. HighTower Advisors LLC increased its stake in XL Group by 4.4% during the 2nd quarter. HighTower Advisors LLC now owns 8,708 shares of the insurance provider’s stock valued at $382,000 after buying an additional 370 shares during the period. Gotham Asset Management LLC increased its stake in XL Group by 141.2% during the 2nd quarter. Gotham Asset Management LLC now owns 13,789 shares of the insurance provider’s stock valued at $604,000 after buying an additional 8,072 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in XL Group by 10.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 300,701 shares of the insurance provider’s stock valued at $13,171,000 after buying an additional 27,453 shares during the period. 98.97% of the stock is currently owned by institutional investors and hedge funds.
In other XL Group news, Director John Kcb Vereker sold 2,697 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $36.59, for a total value of $98,683.23. Following the completion of the transaction, the director now directly owns 66,455 shares in the company, valued at $2,431,588.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Lee Cross sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $39.00, for a total transaction of $780,000.00. Following the completion of the transaction, the insider now owns 58,688 shares of the company’s stock, valued at $2,288,832. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,697 shares of company stock valued at $4,493,383. Corporate insiders own 3.02% of the company’s stock.
XL Group Ltd. (NYSE:XL) opened at $43.50 on Thursday. XL Group Ltd. has a 12-month low of $33.77 and a 12-month high of $47.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.08. The firm has a market cap of $10,651.01, a PE ratio of -19.42, a PEG ratio of 1.26 and a beta of 0.95.
XL Group (NYSE:XL) last posted its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. XL Group had a negative net margin of 4.95% and a negative return on equity of 4.25%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the firm posted $0.47 EPS. sell-side analysts expect that XL Group Ltd. will post 3.68 earnings per share for the current year.
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About XL Group
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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