XL Group plc (XL) was Initiated by Citigroup to “Neutral”. Citigroup advised their investors in a research report released on Nov 22, 2016.
On the company’s financial health, XL Group plc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.38. The company had revenue of $2133.30 million for the quarter, compared to analysts expectations of $2040.00 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
XL Group plc opened for trading at $37.25 and hit $37.675 on the upside on Monday, eventually ending the session at $37.43, with a gain of 0.51% or 0.19 points. The heightened volatility saw the trading volume jump to 23,76,461 shares. Company has a market cap of $10,071 M.
Investors should note that on Oct 28, 2016, XL Group plc announced a cash dividend of $0.2000. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Jan 2, 2017.
In a different news, on May 4, 2016, Eileen Goss Whelley (Chief Human Resource Officer) purchased 1,500 shares at $32.30 per share price. According to the SEC, on May 4, 2016, Paul David Brand (Chief Underwriting Officer Ins) purchased 11,300 shares at $32.01 per share price. On May 3, 2016, Gregory Hendrick (CEO) purchased 8,000 shares at $32.43 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)).