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

XL Group plc (XL) : Eii Capital Management reduced its stake in XL Group plc by 21.33% during the most recent quarter end. The investment management company now holds a total of 75,110 shares of XL Group plc which is valued at $2,550,736 after selling 20,360 shares in XL Group plc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.XL Group plc makes up approximately 0.73% of Eii Capital Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in XL in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 55,405 shares of XL Group plc which is valued at $1,881,554. XL Group plc makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in XL by selling 3,459 shares or 5.03% in the most recent quarter. The Hedge Fund company now holds 65,367 shares of XL which is valued at $2,262,352. XL Group plc makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.Regentatlantic Capital reduced its stake in XL by selling 1,090 shares or 6.12% in the most recent quarter. The Hedge Fund company now holds 16,725 shares of XL which is valued at $547,911. XL Group plc makes up approx 0.05% of Regentatlantic Capital’s portfolio.

XL Group plc opened for trading at $33.96 and hit $34.19 on the upside on Monday, eventually ending the session at $33.92, with a gain of 0.15% or 0.05 points. The heightened volatility saw the trading volume jump to 17,74,016 shares. Company has a market cap of $9,656 M.

On the company’s financial health, XL Group plc reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.05. The company had revenue of $2722.61 million for the quarter, compared to analysts expectations of $2612.02 million. The company’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

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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