XL Group (NYSE:XL) Earning Somewhat Positive Media Coverage, Study Finds
News coverage about XL Group (NYSE:XL) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. XL Group earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the insurance provider an impact score of 46.7490497093922 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- XL Catlin appoints country manager for Canada (businessinsurance.com)
- InsurTech Asia Association Announces XL Catlin as One of Its Founding Members (insurancenewsnet.com)
- JMP Securities Downgrades XL Group (XL) to Market Perform (americanbankingnews.com)
- XL Catlin Appoints Urs Uhlmann to Lead Insurance Business in Canada (finance.yahoo.com)
- XL Group (XL) PT Raised to $57.60 at Citigroup (americanbankingnews.com)
Several analysts have issued reports on XL shares. TheStreet raised XL Group from a “c+” rating to a “b-” rating in a research report on Monday, February 26th. Barclays reiterated a “buy” rating and set a $42.00 price target on shares of XL Group in a report on Tuesday, January 9th. Royal Bank of Canada reiterated a “buy” rating and set a $46.00 price target on shares of XL Group in a report on Friday, December 8th. Deutsche Bank upgraded XL Group from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research upgraded shares of XL Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 28th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.72.
XL Group (NYSE:XL) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.07. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.73 billion. XL Group had a negative net margin of 4.95% and a negative return on equity of 4.25%. During the same quarter in the prior year, the firm posted $0.47 earnings per share. sell-side analysts expect that XL Group will post 3.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.59%. XL Group’s dividend payout ratio (DPR) is presently -39.29%.
In related news, CFO Stephen Robb sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $40.00, for a total value of $800,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Susan Lee Cross sold 70,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $40.21, for a total transaction of $2,814,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 172,290 shares of company stock worth $7,078,776 in the last three months. Insiders own 3.02% of the company’s stock.
XL Group 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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