In today’s session XL Group Ltd. (XL) registered an unusually high (3,070) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious XL increase. With 3,070 contracts traded and 26314 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: XL161021C00033000 closed last at: $0.81 or 22.9% down. About 85,113 shares traded hands. XL Group Ltd. (NYSE:XL) has declined 3.93% since March 7, 2016 and is downtrending. It has underperformed by 11.52% the S&P500.
Analysts await XL Group Ltd. (NYSE:XL) to report earnings on October, 24. They expect $0.35 earnings per share, up 52.17% or $0.12 from last year’s $0.23 per share. XL’s profit will be $95.58 million for 24.46 P/E if the $0.35 EPS becomes a reality. After $0.37 actual earnings per share reported by XL Group Ltd. for the previous quarter, Wall Street now forecasts -5.41% negative EPS growth.
XL Group Ltd. (NYSE:XL) Ratings Coverage
Out of 11 analysts covering XL Group Plc (NYSE:XL), 4 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 36% are positive. $45 is the highest target while $30 is the lowest. The $40.75 average target is 19.01% above today’s ($34.24) stock price. XL Group Plc has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded XL Group Ltd. (NYSE:XL) on Tuesday, August 11 to “Neutral” rating. The company was maintained on Friday, August 7 by Deutsche Bank. RBC Capital Markets maintained XL Group Ltd. (NYSE:XL) rating on Thursday, April 28. RBC Capital Markets has “Outperform” rating and $40 price target. The stock has “Mkt Perform” rating given by Bruyette & Woods;KBW; KBW” on Tuesday, August 25. The firm has “Neutral” rating given on Monday, January 11 by Credit Suisse. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Tuesday, August 25. Deutsche Bank maintained the stock with “Hold” rating in Friday, August 7 report.
According to Zacks Investment Research, “XL Group Limited provides insurance and reinsurance coverage to industrial, commercial and professional service firms, insurance companies and other enterprises. The Company’s operating segment consists of Insurance and Reinsurance. Insurance product segment includes Global Casualty, Global Energy Property, & Construction; Global Professional and Global Specialty. Reinsurance segment provides casualty, property risk, property catastrophe, specialty and other reinsurance lines. XL Group Limited, formerly known as XL Group plc, is based in Hamilton, Bermuda.”
Insitutional Activity: The institutional sentiment increased to 0.76 in 2016 Q2. Its up 0.01, from 0.75 in 2016Q1. The ratio improved, as 58 funds sold all XL Group Ltd. shares owned while 108 reduced positions. 33 funds bought stakes while 93 increased positions. They now own 225.39 million shares or 15.27% less from 266.02 million shares in 2016Q1.
Herndon Mgmt Ltd Liability holds 0% or 26 shares in its portfolio. Dai Ichi Life Insurance Comm Limited has 0.12% invested in the company for 118,433 shares. Gargoyle Inv Advisor Limited Com accumulated 0.41% or 33,000 shares. The California-based Schwab Charles Investment Mgmt Inc has invested 0.03% in XL Group Ltd. (NYSE:XL). Commonwealth Of Pennsylvania Public School Empls Retrmt Systems accumulated 22,793 shares or 0.01% of the stock. Barrow Hanley Mewhinney & Strauss last reported 0.19% of its portfolio in the stock. Fmr Ltd Llc owns 447,192 shares or 0% of their US portfolio. Blackrock Mngmt Limited Liability Company has 1.54M shares for 0.06% of their US portfolio. Swiss Financial Bank holds 826,441 shares or 0.04% of its portfolio. The New York-based Qs Investors Ltd Co has invested 0% in XL Group Ltd. (NYSE:XL). Federated Pa holds 0% or 161 shares in its portfolio. Gemmer Asset Mngmt Limited Liability Company accumulated 0.01% or 430 shares. The Alabama-based Andra Ap has invested 0.12% in XL Group Ltd. (NYSE:XL). Citigroup accumulated 418,219 shares or 0.01% of the stock. British Columbia Investment Mngmt last reported 0.04% of its portfolio in the stock.
Insider Transactions: Since May 2, 2016, the stock had 1 buy, and 0 sales for $503,753 net activity. Shares for $503,753 were bought by Porrino Peter R on Monday, May 2.
XL Company Profile
XL Group Ltd, formerly XL Group plc, incorporated on March 12, 2010, is an insurance and reinsurance firm providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises. The Firm operates through two divisions: Insurance and Reinsurance.
More important recent XL Group Ltd. (NYSE:XL) news were published by: Prnewswire.com which released: “XL Group Ltd Announces Third Quarter 2016 Results to be Released on Wednesday …” on October 07, 2016, also Prnewswire.com published article titled: “XL Group Ltd* Announces Second Quarter 2016 Results”, Nasdaq.com published: “XL Group Ltd. (XL) Ex-Dividend Date Scheduled for September 13, 2016” on September 12, 2016. More interesting news about XL Group Ltd. (NYSE:XL) was released by: Prnewswire.com and their article: “XL Catlin Promotes Jeffrey Loechner to Gulf Coast Territorial Manager for US …” with publication date: September 19, 2016.
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