Trade Report: Today, Public Employees Retirement Association of Colorado Reached $2,123,000 position of XL Group PLC (XL)

Today, Public Employees Retirement Association of Colorado Reached $2,123,000 position  of XL Group PLC (XL)

Public Employees Retirement Association of Colorado decreased its position in shares of XL Group PLC (NYSE:XL) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,143 shares of the company’s stock after selling 2,224 shares during the period. Public Employees Retirement Association of Colorado’s holdings in XL Group PLC were worth $2,123,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC raised its position in shares of XL Group PLC by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,045 shares of the company’s stock worth $101,000 after buying an additional 33 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of XL Group PLC by 0.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,511 shares of the company’s stock worth $749,000 after buying an additional 118 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of XL Group PLC by 0.9% in the second quarter. CIBC Asset Management Inc now owns 22,432 shares of the company’s stock worth $747,000 after buying an additional 192 shares in the last quarter. Arizona State Retirement System raised its position in shares of XL Group PLC by 0.3% in the first quarter. Arizona State Retirement System now owns 79,097 shares of the company’s stock worth $2,911,000 after buying an additional 200 shares in the last quarter. Finally, Conning Inc. raised its position in shares of XL Group PLC by 3.1% in the third quarter. Conning Inc. now owns 6,917 shares of the company’s stock worth $233,000 after buying an additional 210 shares in the last quarter. Institutional investors own 92.31% of the company’s stock.

Shares of XL Group PLC (NYSE:XL) traded up 0.84% during trading on Friday, hitting $37.32. The stock had a trading volume of 598,119 shares. XL Group PLC has a 12 month low of $30.33 and a 12 month high of $40.48. The company has a market cap of $10.04 billion, a PE ratio of 29.43 and a beta of 0.97. The stock has a 50 day moving average of $35.42 and a 200 day moving average of $34.00.

XL Group PLC (NYSE:XL) last released its earnings results on Wednesday, October 26th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.46 billion. XL Group PLC had a return on equity of 3.86% and a net margin of 3.55%. XL Group PLC’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. Equities analysts forecast that XL Group PLC will post $1.70 EPS for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Monday, January 2nd. Investors of record on Thursday, December 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 13th. XL Group PLC’s dividend payout ratio (DPR) is presently 65.04%.

A number of equities analysts have weighed in on the company. Citigroup Inc. assumed coverage on XL Group PLC in a research note on Tuesday. They issued a “neutral” rating and a $39.00 target price on the stock. Langen Mcalenn lowered XL Group PLC from a “buy” rating to a “neutral” rating in a research note on Monday, September 12th. Credit Suisse Group AG restated a “hold” rating and issued a $37.00 target price on shares of XL Group PLC in a research note on Monday, September 12th. Janney Montgomery Scott lowered XL Group PLC from a “buy” rating to a “neutral” rating in a research note on Monday, September 12th. Finally, TheStreet upgraded XL Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $39.70.

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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