XL Group plc (XL): Price Target and June Short Interest Disclosure

XL Group plc (XL) : The highest level XL Group plc (XL) is projected to reach is $44 for the short term and the lowest estimate is at $34. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $38.86 and the possibility the share price can swing is $3.24.

XL Group plc (XL) encountered a drop of 9.1% or -725,643 shares in the short positions. The number dropped from 7,948,693 on June 15,2016 to 7,223,050 on June 30,2016. The final interest is 2.6% of the floated stock. The days to cover figure of 3 can be arrived using the average daily exchange of 2,484,890 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Deutsche Bank upgrades its rating on XL Group plc (NYSE:XL).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on May 5, 2016.


XL Group plc (NYSE:XL): On Thursdays trading session , Opening price of the stock was $33.53 with an intraday high of $33.6. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $32.6. However, the stock managed to close at $32.64, a loss of 1.63% for the day. On the previous day, the stock had closed at $33.18. The total traded volume of the day was 3,106,139 shares.

XL Group plc, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis. The Company is organized into two operating segments: Insurance and Reinsurance. The Companys insurance operations are organized into four business groups: International Property and Casualty, North America Property and Casualty, Global Professional Lines and Global Specialty Lines. Its insurance operations provide customized insurance policies for complex corporate risks that may require large limits and are marketed and distributed through a wide variety of local, national and international producers. The Companys reinsurance operations are structured geographically into business groups: Bermuda, North America and International (Europe, Asia Pacific, Latin America and Middle East North Africa (MENA)).

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