Channing Capital Management buys $20,937,597 stake in XL Group plc (XL)

XL Group plc (XL) : Channing Capital Management scooped up 50,898 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 1, 2016. The investment management firm now holds a total of 616,537 shares of XL Group plc which is valued at $20,937,597.XL Group plc makes up approximately 0.84% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in XL by selling 144,865 shares or 79.76% in the most recent quarter. The Hedge Fund company now holds 36,758 shares of XL which is valued at $1,248,302. XL Group plc makes up approx 0.02% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Ftb Advisors sold out all of its stake in XL during the most recent quarter. The investment firm sold 36 shares of XL which is valued $1,246.Strs Ohio boosted its stake in XL in the latest quarter, The investment management firm added 3,928 additional shares and now holds a total of 37,757 shares of XL Group plc which is valued at $1,244,471. XL Group plc makes up approx 0.01% of Strs Ohio’s portfolio.Creative Planning reduced its stake in XL by selling 290 shares or 10.03% in the most recent quarter. The Hedge Fund company now holds 2,602 shares of XL which is valued at $86,334.

XL Group plc closed down -0.15 points or -0.44% at $33.81 with 19,08,526 shares getting traded on Thursday. Post opening the session at $34.02, the shares hit an intraday low of $33.8 and an intraday high of $34.21 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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