BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 13,778 Shares of XL Group Ltd. (XL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of XL Group Ltd. (NYSE:XL) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,081 shares of the insurance provider’s stock after acquiring an additional 13,778 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of XL Group worth $5,566,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of XL Group by 19.9% during the second quarter. IFP Advisors Inc now owns 2,317 shares of the insurance provider’s stock valued at $101,000 after buying an additional 384 shares during the period. Manchester Capital Management LLC purchased a new stake in XL Group in the second quarter worth about $120,000. Advisor Group Inc. grew its holdings in XL Group by 22.1% in the second quarter. Advisor Group Inc. now owns 4,122 shares of the insurance provider’s stock worth $180,000 after purchasing an additional 747 shares during the period. Group One Trading L.P. purchased a new stake in XL Group in the second quarter worth about $192,000. Finally, Pinnacle Financial Partners Inc. purchased a new stake in XL Group in the second quarter worth about $202,000. 99.06% of the stock is owned by hedge funds and other institutional investors.

In other news, Director John Kcb Vereker sold 2,697 shares of the stock in a transaction on 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 sale, the director now directly owns 66,455 shares of the company’s stock, valued at $2,431,588.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.02% of the company’s stock.

XL has been the topic of a number of recent analyst reports. B. Riley reiterated a “neutral” rating on shares of XL Group in a report on Monday, November 6th. Zacks Investment Research cut shares of XL Group from a “hold” rating to a “strong sell” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $50.00 price target on shares of XL Group in a report on Thursday, September 21st. Barclays cut their price target on shares of XL Group from $51.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, October 16th. Finally, TheStreet cut shares of XL Group from a “b” rating to a “c” rating in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $44.92.

Shares of XL Group Ltd. (NYSE XL) traded up $0.21 during midday trading on Wednesday, hitting $37.03. 1,252,700 shares of the stock were exchanged, compared to its average volume of 1,933,206. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.35 and a quick ratio of 0.35. XL Group Ltd. has a 1 year low of $36.02 and a 1 year high of $47.27.

XL Group (NYSE:XL) last announced its quarterly earnings data on Tuesday, October 24th. The insurance provider reported ($4.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.91) by ($0.09). The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.11 billion. XL Group had a negative return on equity of 4.03% and a negative net margin of 2.51%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. research analysts predict that XL Group Ltd. will post -1.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.38%. XL Group’s dividend payout ratio (DPR) is presently -71.54%.

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XL Group 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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