Barclays Maintains XL Group plc to Overweight with Price Target $38.00

Brokerage firm Barclays Maintains its rating on XL Group plc(NYSE:XL). In a research note issued to the investors, the brokerage major Raises the price-target to $38.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 30, 2016.

In a different note, On Sep 12, 2016, Janney Capital said it Downgrades its rating on XL Group plc. The shares have been rated ‘Neutral’ by the firm. On Aug 29, 2016, Macquarie said it Maintains its rating on XL Group plc. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 28, 2016, Deutsche Bank said it Maintains its rating on XL Group plc. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Hold’ by the firm.

XL Group plc (XL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.66% or 0.22 points. Due to strong positive momentum, the stock ended at $33.5, which is also near the day’s high of $33.66. The stock began the session at $33.28 and the volume stood at 36,48,346 shares. The 52-week high of the shares is $40.48 and the 52 week low is $30.33. The company has a current market capitalization of $9,212 M and it has 27,49,72,460 shares in outstanding.

XL Group plc(XL) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.65B. Analysts had an estimated revenue of $2.40B. Earnings per share were $0.37. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Eileen Goss Whelley (Chief Human Resource Officer) purchased 1,500 shares at $32.30 per share price.Also, On May 4, 2016, Paul David Brand (Chief Underwriting Officer Ins) purchased 11,300 shares at $32.01 per share price.On May 3, 2016, Gregory Hendrick (CEO) purchased 8,000 shares at $32.43 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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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