Macquarie Maintains XL Group plc to Outperform with Price Target $40.00

Brokerage firm Macquarie 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 $40.00 per share. The shares have been rated Outperform. The rating by Macquarie was issued on Aug 29, 2016.

In a different note, 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 Thursdays trading session with the shares advancing 0.29% or 0.1 points. Due to strong positive momentum, the stock ended at $34.33, which is also near the day’s high of $34.4. The stock began the session at $34.25 and the volume stood at 20,21,226 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 $9,440 M and it has 27,49,72,460 shares in outstanding.

XL Group plc has also declared a cash dividend of $0.2000 on Aug 5, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed on Sep 15, 2016. The dividend payable date has been fixed on Sep 30, 2016.

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)).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

XL Group plc - Is it time to Sell?

Top Brokerage Firms are advising their investors on XL Group plc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.