Deutsche Bank Maintains XL Group plc to Hold with Price Target $37.00

Brokerage firm Deutsche Bank 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 $37.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Jul 28, 2016.

In a different note, On May 5, 2016, Deutsche Bank said it Upgrades its rating on XL Group plc. The shares have been rated ‘Hold’ by the firm.

XL Group plc (XL) shares turned negative on Thursdays trading session with the shares closing down -0.15 points or -0.44% at a volume of 19,08,526. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.21. The peak price level was also seen at $34.21 while the days lowest was $33.8. Finally the shares closed at $33.81. The 52-week high of the shares is $40.48 while the 52-week low is $5.4. According to the latest information available, the market cap of the company is $9,625 M.

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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