XL Group Ltd. (XL) Stake Lowered by Pzena Investment Management LLC
Pzena Investment Management LLC decreased its holdings in XL Group Ltd. (NYSE:XL) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,112,567 shares of the insurance provider’s stock after selling 23,064 shares during the quarter. Pzena Investment Management LLC owned 2.00% of XL Group worth $179,758,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in XL. Stifel Financial Corp lifted its position in XL Group by 2.8% in the 2nd quarter. Stifel Financial Corp now owns 14,878 shares of the insurance provider’s stock valued at $650,000 after acquiring an additional 406 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in XL Group by 4.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 33,322 shares of the insurance provider’s stock valued at $1,315,000 after acquiring an additional 1,345 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of XL Group by 148.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 168,138 shares of the insurance provider’s stock worth $6,631,000 after buying an additional 100,552 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of XL Group by 36.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 14,181 shares of the insurance provider’s stock worth $559,000 after buying an additional 3,759 shares in the last quarter. Finally, Oakbrook Investments LLC lifted its position in shares of XL Group by 95.8% during the 3rd quarter. Oakbrook Investments LLC now owns 23,300 shares of the insurance provider’s stock worth $919,000 after buying an additional 11,400 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors and hedge funds.
In related news, General Counsel Gould Kirstin Romann sold 62,290 shares of XL Group stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.09, for a total value of $2,684,076.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Lee Cross sold 70,000 shares of XL Group stock in a transaction that occurred on Wednesday, February 7th. The shares were 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 sold a total of 172,290 shares of company stock valued at $7,078,776 over the last quarter. 3.02% of the stock is owned by company insiders.
Shares of XL Group Ltd. (NYSE:XL) opened at $55.42 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.36 and a current ratio of 0.36. XL Group Ltd. has a one year low of $33.77 and a one year high of $56.39. The stock has a market cap of $14,235.48, a P/E ratio of -24.74, a PEG ratio of 1.67 and a beta of 0.75.
XL Group (NYSE:XL) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. XL Group had a negative net margin of 4.95% and a negative return on equity of 4.25%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the business posted $0.47 EPS. research analysts expect that XL Group Ltd. will post 3.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.59%. XL Group’s dividend payout ratio is -39.29%.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Marea Informative and is owned by of Marea Informative. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.mareainformativa.com/2018/03/16/xl-group-ltd-xl-shares-sold-by-pzena-investment-management-llc-updated-updated-updated.html.
About XL Group
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).
Receive News & Ratings for XL Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XL Group and related companies with MarketBeat.com's FREE daily email newsletter.