XL Group plc (XL) is Reiterated by Barclays to Overweight, Lowers Price Target to $ 39

XL Group plc (XL) was Reiterated by Barclays to “Overweight” while Lowering the Price Target of the company shares to $ 39 from a previous price target of $45 . Barclays advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on XL Group plc. Shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $42 .Shares were Downgraded by Deutsche Bank on Feb 10, 2016 to ” Sell” and Lowered the Price Target to $ 34 from a previous price target of $40 .

On the company’s financial health, XL Group plc reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.49. The company had revenue of $3065.00 million for the quarter, compared to analysts expectations of $3030.77 million. The company’s revenue was up 65.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

XL Group plc closed down -0.06 points or -0.17% at $35.86 with 29,56,631 shares getting traded on Wednesday. Post opening the session at $35.99, the shares hit an intraday low of $35.52 and an intraday high of $36.05 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 15, 2016, Benjamin Meuli (EVP and Chief Inv. Officer) sold 50,000 shares at $35.46 per share price. According to the SEC, on Mar 10, 2016, Jacob D. Rosengarten (Chief Enterprise Risk Officer) sold 21,200 shares at $35.37 per share price. On Feb 12, 2015, John Kcb Vereker (director) sold 3,600 shares at $35.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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)).

XL Group plc

Leave a Reply

XL Group plc - Is it time to Sell?

Top Brokerage Firms are advising their investors on XL Group plc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.