Breithorn Capital Management Lowers stake in XL Group plc (XL)

XL Group plc (XL) : Breithorn Capital Management reduced its stake in XL Group plc by 0.92% during the most recent quarter end. The investment management company now holds a total of 140,250 shares of XL Group plc which is valued at $5,374,380 after selling 1,300 shares in XL Group plc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.XL Group plc makes up approximately 3.86% of Breithorn Capital Management’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in XL in the latest quarter, The investment management firm added 135,446 additional shares and now holds a total of 430,835 shares of XL Group plc which is valued at $16,427,739. XL Group plc makes up approx 0.04% of D. E. Shaw’s portfolio.Blackrock Japan Ltd boosted its stake in XL in the latest quarter, The investment management firm added 3,176 additional shares and now holds a total of 406,516 shares of XL Group plc which is valued at $14,350,015. XL Group plc makes up approx 0.05% of Blackrock Japan Ltd’s portfolio.Ngam Advisors reduced its stake in XL by selling 2,601 shares or 12.42% in the most recent quarter. The Hedge Fund company now holds 18,347 shares of XL which is valued at $634,072. XL Group plc makes up approx 0.01% of Ngam Advisors’s portfolio.First Trust Advisors Lp boosted its stake in XL in the latest quarter, The investment management firm added 130,744 additional shares and now holds a total of 674,858 shares of XL Group plc which is valued at $23,228,612. XL Group plc makes up approx 0.07% of First Trust Advisors Lp’s portfolio. Miller Howard Investments Inc Ny sold out all of its stake in XL during the most recent quarter. The investment firm sold 17,199 shares of XL which is valued $585,798.

XL Group plc opened for trading at $37.25 and hit $37.675 on the upside on Monday, eventually ending the session at $37.43, with a gain of 0.51% or 0.19 points. The heightened volatility saw the trading volume jump to 23,76,461 shares. Company has a market cap of $10,071 M.

On the company’s financial health, XL Group plc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.38. The company had revenue of $2133.30 million for the quarter, compared to analysts expectations of $2040.00 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Investors should note that on Oct 28, 2016, XL Group plc announced a cash dividend of $0.2000. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Jan 2, 2017.

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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