XL Group plc (XL) has risen sharply, recording gains of 2.61% in the past 4 weeks. However, the stock has corrected -2.14% 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 0.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
XL Group plc (NYSE:XL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.31 and $33.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.87, notching a gain of 0.18% for the day. The total traded volume was 1,975,288 . The stock had closed at $33.81 on the previous day.
The stock has recorded a 20-day Moving Average of 2.13% and the 50-Day Moving Average is 2.96%. XL Group Ltd is up 3.53% in the last 3-month period. Year-to-Date the stock performance stands at -12.01%.
XL Group plc (XL) : 7 investment research analysts covering XL Group plc (XL) have an average price target of $39.29 for the near short term. The highest target price given by the Brokerage Firm to the stock is $44 and the lowest target is $37 for the short term. Analysts expect the variance to be within $2.63 of the average price.
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)).