XL Group plc (XL) has risen sharply, recording gains of 2.87% in the past 4 weeks. However, the stock has corrected -1.56% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.82% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 1.44%. XL Group plc (NYSE:XL): stock turned positive on Friday. Though the stock opened at $33.18, the bulls momentum made the stock top out at $33.375 level for the day. The stock recorded a low of $33.1 and closed the trading day at $33.34, in the green by 0.51%. The total traded volume for the day was 1,346,624. The stock had closed at $33.17 in the previous days trading.
The company Insiders own 2.59% of XL Group plc shares according to the proxy statements. Institutional Investors own 93.17% of XL Group plc shares. During last six month period, the net percent change held by insiders has seen a change of 8.93%. Also, In a research note released to the investors, Deutsche Bank maintains its rating on XL Group plc (NYSE:XL).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $34 per share to $37 per share. The rating by the firm was issued on July 28, 2016.
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 Companys 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 Companys reinsurance operations are structured geographically into business groups: Bermuda, North America and International (Europe, Asia Pacific, Latin America and Middle East North Africa (MENA)).