The XL Group PLC Announces Quarterly Dividend of $0.20 (XL)

The XL Group PLC Announces Quarterly Dividend of $0.20 (XL)

XL Group PLC (NYSE:XL) declared a quarterly dividend on Friday, October 28th. Shareholders of record on Monday, January 2nd will be given a dividend of 0.20 per share on Thursday, December 15th. This represents a $0.80 annualized dividend and a yield of 2.34%.

XL Group PLC (NYSE:XL) opened at 34.25 on Monday. The firm’s 50-day moving average price is $33.93 and its 200 day moving average price is $33.77. The firm has a market cap of $9.99 billion, a P/E ratio of 25.99 and a beta of 1.08. XL Group PLC has a 12-month low of $30.33 and a 12-month high of $40.48.

XL Group PLC (NYSE:XL) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. The business earned $2.13 billion during the quarter, compared to analysts’ expectations of $2.46 billion. XL Group PLC had a return on equity of 3.86% and a net margin of 3.55%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. Analysts forecast that XL Group PLC will post $1.76 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. TheStreet upgraded XL Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. Credit Suisse Group AG set a $37.00 target price on XL Group PLC and gave the stock a “hold” rating in a research note on Thursday, July 28th. Janney Montgomery Scott cut XL Group PLC from a “buy” rating to a “neutral” rating in a research note on Monday, September 12th. Langen Mcalenn cut XL Group PLC from a “buy” rating to a “neutral” rating in a research note on Monday, September 12th. Finally, Macquarie upped their target price on XL Group PLC from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.78.

A number of hedge funds have recently bought and sold shares of XL. Seven Eight Capital LLC purchased a new stake in shares of XL Group PLC during the second quarter worth approximately $133,000. Profund Advisors LLC boosted its stake in shares of XL Group PLC by 8.1% in the second quarter. Profund Advisors LLC now owns 7,101 shares of the company’s stock worth $237,000 after buying an additional 530 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of XL Group PLC during the second quarter worth approximately $253,000. TFS Capital LLC purchased a new stake in shares of XL Group PLC during the second quarter worth approximately $289,000. Finally, Meiji Yasuda Life Insurance Co purchased a new stake in shares of XL Group PLC during the second quarter worth approximately $349,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

About XL Group PLC

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