Winton Capital Group Ltd Lowers stake in XL Group plc (XL)

XL Group plc (XL) : Winton Capital Group Ltd reduced its stake in XL Group plc by 2.02% during the most recent quarter end. The investment management company now holds a total of 1,890,219 shares of XL Group plc which is valued at $63,019,901 after selling 38,942 shares in XL Group plc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.XL Group plc makes up approximately 0.99% of Winton Capital Group Ltd’s portfolio.

Other Hedge Funds, Including , Andra Ap-fonden boosted its stake in XL in the latest quarter, The investment management firm added 49,000 additional shares and now holds a total of 141,900 shares of XL Group plc which is valued at $4,730,946. XL Group plc makes up approx 0.12% of Andra Ap-fonden’s portfolio.Oppenheimerfunds reduced its stake in XL by selling 1,220,973 shares or 84.48% in the most recent quarter. The Hedge Fund company now holds 224,361 shares of XL which is valued at $7,480,196. XL Group plc makes up approx 0.01% of Oppenheimerfunds’s portfolio.Global X Management Co boosted its stake in XL in the latest quarter, The investment management firm added 1,916 additional shares and now holds a total of 3,441 shares of XL Group plc which is valued at $114,138. XL Group plc makes up approx 0.01% of Global X Management Co’s portfolio.Glenmede Trust Co Na reduced its stake in XL by selling 216 shares or 13.45% in the most recent quarter. The Hedge Fund company now holds 1,390 shares of XL which is valued at $47,079.Louisiana State Employees Retirement System reduced its stake in XL by selling 800 shares or 4.1% in the most recent quarter. The Hedge Fund company now holds 18,700 shares of XL which is valued at $616,352. XL Group plc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

XL Group plc opened for trading at $33.52 and hit $34.02 on the upside on Monday, eventually ending the session at $33.85, with a gain of 1.04% or 0.35 points. The heightened volatility saw the trading volume jump to 16,22,811 shares. Company has a market cap of $9,308 M.

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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