Investors Buy Shares of XL Group PLC (XL) on Weakness

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Investors bought shares of XL Group PLC (NYSE:XL) on weakness during trading on Monday. $21.93 million flowed into the stock on the tick-up and $10.76 million flowed out of the stock on the tick-down, for a money net flow of $11.17 million into the stock. Of all companies tracked, XL Group PLC had the 5th highest net in-flow for the day. XL Group PLC traded down ($0.09) for the day and closed at $34.20
XL has been the topic of a number of recent research reports. Credit Suisse Group AG reiterated a “hold” rating on shares of XL Group PLC in a research note on Thursday, May 26th. Morgan Stanley reiterated a “buy” rating on shares of XL Group PLC in a research note on Tuesday, June 7th. Bank of America Corp. reiterated a “buy” rating on shares of XL Group PLC in a research note on Monday, June 6th. Citigroup Inc. reiterated a “neutral” rating on shares of XL Group PLC in a research note on Tuesday, June 21st. Finally, Zacks Investment Research lowered shares of XL Group PLC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.20.
The company’s 50-day moving average is $33.72 and its 200 day moving average is $34.21. The company has a market cap of $9.40 billion, a P/E ratio of 31.55 and a beta of 1.09.

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XL Group PLC (NYSE:XL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.23. XL Group PLC had a return on equity of 3.47% and a net margin of 3.12%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. Equities research analysts anticipate that XL Group PLC will post $1.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, September 13th. XL Group PLC’s dividend payout ratio is currently 74.77%.
XL Group PLC Company Profile
XL Group plc is an insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises. The Company operates through two segments: Insurance and Reinsurance. The Company’s Insurance segment is organized into four product divisions: Global Casualty (Casualty); Global Energy Property, & Construction (EPC); Global Professional (Professional), and Global Specialty (Specialty).

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