XL Group plc (NYSE:XL) has tumbled 4.18% during the past week and has dropped 6.27% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.03%. XL Group plc (NYSE:XL) has underperformed the index by 7.13% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
XL Group plc (NYSE:XL): The stock opened at $32.43 on Friday but the bulls could not build on the opening and the stock topped out at $32.70 for the day. The stock traded down to $32.18 during the day, due to lack of any buying support eventually closed down at $32.29 with a loss of -0.19% for the day. The stock had closed at $32.35 on the previous day. The total traded volume was 3,861,141 shares.
The company shares have dropped -16.15% from its 1 Year high price. On Dec 30, 2015, the shares registered one year high at $40.48 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $33.54 and the 200 Day Moving Average price is recorded at $35.62.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Human Resource Officer) of Xl Group Plc, Whelley Eileen Goss, had purchased 1,500 shares in a transaction dated on May 3, 2016. The transaction was executed at $32.3 per share with total amount equaling $48,450.
Many analysts have stated their opinion on the company shares. Deutsche Bank upgrades its view on XL Group plc (NYSE:XL) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Sell. The rating by the firm was issued on May 5, 2016. Currently the company Insiders own 2.59% of XL Group plc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 8.93% . Institutional Investors own 92.69% of XL Group plc shares. During last six month period, the net percent change held by insiders has seen a change of 8.93%.
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)).