Private Management Group Inc buys $36,848,302 stake in XL Group plc (XL)

XL Group plc (XL) : Private Management Group Inc scooped up 63,244 additional shares in XL Group plc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,105,228 shares of XL Group plc which is valued at $36,848,302.XL Group plc makes up approximately 2.36% of Private Management Group Inc’s portfolio.

Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in XL in the latest quarter, The investment management firm added 1,139 additional shares and now holds a total of 22,793 shares of XL Group plc which is valued at $759,919. XL Group plc makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Trexquant Investment Lp sold out all of its stake in XL during the most recent quarter. The investment firm sold 5,585 shares of XL which is valued $186,204.Kanaly Trust Co reduced its stake in XL by selling 152 shares or 59.84% in the most recent quarter. The Hedge Fund company now holds 102 shares of XL which is valued at $3,348.Ls Investment Advisors reduced its stake in XL by selling 2,667 shares or 5.67% in the most recent quarter. The Hedge Fund company now holds 44,404 shares of XL which is valued at $1,457,339. XL Group plc makes up approx 0.10% of Ls Investment Advisors’s portfolio.

XL Group plc closed down -0.21 points or -0.62% at $33.62 with 18,24,522 shares getting traded on Tuesday. Post opening the session at $33.89, the shares hit an intraday low of $33.61 and an intraday high of $33.97 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, XL Group plc reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.05. The company had revenue of $2722.61 million for the quarter, compared to analysts expectations of $2612.02 million. The company’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Investors should note that on Aug 5, 2016, XL Group plc announced a cash dividend of $0.2000. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.

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 Company’s 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 Company’s 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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