Analyst Rating Update on XL Group plc (XL)

XL Group plc (NYSE:XL) : 9 analysts are covering XL Group plc (NYSE:XL) and their average rating on the stock is 1.72, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. XL Group plc (NYSE:XL) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

XL Group plc (NYSE:XL) : The highest short term price target forecast on XL Group plc (NYSE:XL) is $43 and the lowest target price is $34. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $39 with a standard deviation of $2.89.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Deutsche Bank upgrades its outlook on XL Group plc (NYSE:XL). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Sell. The rating by the firm was issued on May 5, 2016.

XL Group plc (NYSE:XL): stock turned positive on Tuesday. Though the stock opened at $31.07, the bulls momentum made the stock top out at $31.81 level for the day. The stock recorded a low of $31 and closed the trading day at $31.74, in the green by 3.49%. The total traded volume for the day was 2,242,845. The stock had closed at $30.67 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Chief Human Resource Officer) of Xl Group Plc, Whelley Eileen Goss had purchased shares worth of $48,450 in a transaction dated on May 3, 2016. A total of 1,500 shares were purchased at a price of $32.3 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

XL Group plc, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis. The Company is organized into two operating segments: Insurance and Reinsurance. The Companys insurance operations are organized into four business groups: International Property and Casualty, North America Property and Casualty, Global Professional Lines and Global Specialty Lines. Its insurance operations provide customized insurance policies for complex corporate risks that may require large limits and are marketed and distributed through a wide variety of local, national and international producers. The Companys reinsurance operations are structured geographically into business groups: Bermuda, North America and International (Europe, Asia Pacific, Latin America and Middle East North Africa (MENA)).

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