XL Group plc (XL) Releases Earnings Results, Misses Expectations By $-0.14 EPS

XL Group plc (XL) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.35 earnings per share for the quarter, missing the analyst consensus estimate by $-0.14. Analysts had a consensus of $0.49. The company posted revenue of $3065.00 million in the period, 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.

Many Wall Street Analysts have commented on XL Group plc. 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 .

XL Group plc opened for trading at $35.63 and hit $35.95 on the upside on Friday, eventually ending the session at $35.89, with a gain of 0.90% or 0.32 points. The heightened volatility saw the trading volume jump to 16,09,752 shares. Company has a market cap of $10,473 M.

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

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